Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and...

We analyse two mechanism designs for refunding emission payments to polluting firms: output-based refunding (OBR) and expenditure-based refunding (EBR). In both instruments, emission fees are returned to the polluting industry, typically making the policy more politically acceptable than a...

Nationwide, in-lieu fee (ILF) programs provide a significant percentage of the compensatory mitigation available to offset permitted impacts to aquatic resources. This comprehensive report outlines the range of practice in ILF mitigation and describes innovative approaches across the country....

In 2008, after prompting by the U.S. Congress, the U.S. Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (the Corps) issued a regulation governing compensatory mitigation under the Clean Water Act (CWA). The agencies' primary goal was to improve the effectiveness of...

This paper considers the question under what conditions domestic markets of emission permits would and should merge to become an international market. Emission permits are licenses, and so governments would need to recognize other countries' permits. In a two-county model, we find that it is in...

Agriculture uses more land and water than any other human activity, and our consumption demands continue to grow even as our resource base shrinks. A highly industrialized U.S. food system produces lots of food at seemingly low per unit cost. But our current system is taking a heavy toll on...

Despite the growing concern about actual on-going climate change, there is little consensus about the scale and timing of actions needed to stabilise the concentrations of greenhouse gases. Many countries are unwilling to implement effective mitigation strategies, at least in the short-term, and...

Most analyses of the Kyoto flexibility mechanisms focus on the cost effectiveness of where flexibility (e.g. by showing that mitigation costs are lower in a global permit market than in regional markets or in permit markets confined to Annex 1 countries). Less attention has been devoted to when...

Model uncertainty is inherent in the design of optimal environmental policy. We investigate the consequences in a simple linear model, where the aim of the policymaker is to stabilize the carbon content of the atmosphere. We study how decision-makers' concerns about robustness alter policy using...

This document examines Finland’s policy on natural and environmental resource management. In many fields, progress has been made and pollution curbed. However, there is still room for improvement with regard to cost-effectiveness. Economic evaluation of the measures planned in various fields...