We estimate the impacts of an energy tax � the Climate Change Levy (CCL) � on the manufacturing sector using panel data from the UK production census. Our identification strategy buildson the comparison of trends in outcomes between plants subject to the CCL and plants that weregranted...

Market-based instruments are widely used to encourage innovation and investmentin cleaner technologies. Using a simple analytical framework and graphical representations, this paper provides a theoretical synthesis of the relationship between emissions prices/taxes and the firm�s optimal...

We determine the effects of various management restrictions on adoption rates of marine PES schemes. Choice experiments are used in order to determine how fisher participation rates differ under different marine PES programme designs. Various designs, with differing restriction rates, show...

This paper focuses on the role of firm�s market power and industry concentration in a still debated issue of pollution haven effects or carbon �leakage� representedas increased trade fows in the most polluting sectors from the developing worldspurred by regulations in developed...

This paper examines the role of other-regarding behavior as a mechanism for the establishment and maintenance of cooperation in resource use under variable social and environmental conditions. By coupling resource stock dynamics with social dynamics concerning compliance to a social norm...

One of the central debates surrounding the design of the EU Emissions Trading Scheme is the approach to addressing carbon leakage. Correctly identifying the conomic activities exposed to the risk of carbon leakage represents the first step in mitigating the risk effectively. Several metrics and...

The allocation rules for phase one EU ETS emissions permits demonstrates that energy generators were lobbying winners because they successfully blocked differential treatment (rules) from energy intensive industries, who cannot pass-on real or nominal costs of permits to consumers. As a result,...

There are different kinds of uncertainty. I outline some of the various ways that uncertainty enters science, focusing on uncertainty in climate science and weather prediction. I then show how we cope with some of these sources of error through sophisticated modelling techniques. I show how we...

More cattle, less deforestation? Land use intensification in the Amazon is an unexpected phenomenon. Theories of hollow frontier, speculative behaviour and boom-bust all share the prediction that livestock production will remain largely extensive. Yet between 1996 and 2006 productivity of cattle...

Carbon markets are central to the global effort to reduce greenhouse gas emissions. This paper introduces a new carbon market model that aims to simulate the development of the global carbon market over the next 10-20 years. The model is based on detailed regional and sectoral marginal abatement...