Domestic laws are the ideal legal instrument to regulate the mining sector’s contribution to climate change mitigation and adaptation. Even so, as a stop-gap-measure, governments may consider updating model mining development agreements (MMDAs) or negotiating climate­-related contractual...

To mitigate climate change, some governments opt for instruments focused on investment, like performance standards or feebates, instead of carbon prices. We compare these policies in a Ramsey model with clean and polluting capital, irreversible investment and a climate constraint. Alternative...

The consequences of the 2ʿ C climate target and the implicitly imposed ceiling on CO2 have been analyzed in several studies. We use an endogenous rowth model with a ceiling and a carbon capture and storage (CCS) technology to study the effect of the ceiling on the allocation of limited funds...

The EU has a consolidated climate and energy regulation: it played a pioneering role by adopting a wide range of climate change policies and establishing the first regional Emission Trading Scheme (EU ETS). These policies, however, raise several concerns regarding both their environmental...

The optimal transition to a low-carbon economy must account for adjustment costs in switching from dirty to clean capital, technological progress, and economic and climatic shocks. We study the low-carbon transition using a dynamic stochastic general equilibrium model with emissions abatement...

The present paper analyzes the impact of a climate coalition's border carbon adjustment on emissions from commodity production, welfare and the coalition size. The coalition implements border carbon adjustment to reduce carbon leakage and to improve its terms of trade, while the fringe abstains...

Evidence on income as a crucial driver of renewable energy consumption in Africa is mixed. But hydro-power accounts for over 90% of renewable energy in sub-Sahara Africa alone. Yet, empirical evidence suggests that hydro-power may not be as environmentally sustainable as believed and, as a...

In the next few years, India will be the most populous nation on earth. This large population will need a huge increase in agricultural productivity. At the same time, agricultural activity is highly energy and resource intensive. Moreover, many places in India are facing water crisis. Therefore...

Fossil fuels support a lot of economies worldwide but also generate a lot of quantities of carbon dioxide when burned. These carbon emissions trap heat in the atmosphere and lead to climate change and consequential environmental degradation and health issues. One of the fundamental questions is...

Korea’s Green New Deal and plans for developing offshore wind power have brought greater attention to offshore wind power. To overcome Korea’s limitations in terms of land area and natural resources, the country’s position as a peninsula must be fully utilized. Toward this end, it is...