Dieser Beitrag formuliert fünf Thesen zur Klimapolitik aus wirtschaftsethischer Sicht. Gezeigt wird, dass es sich um ein außerordentlich komplexes Problem handelt und dass die Kosten zur Lösung dieses Problems weder von den Entwicklungsländern noch von den Unternehmen getragen werden...

We use indices from the Notre Dame Global Adaptation Initiative to investigate the impact of climate vulnerability on bond yields. Our methodology invokes panel ordinary least squares with robust standard errors and principal component analysis. The latter serves to address the multicollinearity...

Despite recent achievements towards a global climate agreement, climate action to reduce greenhouse gas emissions remains quite heterogeneous across countries. Energy-intensive and trade-exposed (EITE) industries in industrialized countries are particularly concerned on stringent domestic...

This paper examines the overall economics of the Kyoto Protocol on climate change, in three main parts. The first part explores the structure of the Protocol and how this matches against classical economic criteria of an 'optimal' climate change agreement. This discussion also considers the...