This paper contributes to the green paradox literature by using a resource extraction framework with heterogeneous energy sources. A key feature of the model is a capacity constrained green backstop resource, which implies the simultaneous use of the expensive backstop resource and the cheaper...

In this paper we characterize the preferences of a pessimistic social planner concerned with the potential costs of extreme, low-probability climate events. This pessimistic attitude is represented by a recursive optimization criterion à la Hansen and Sargent (1995) that introduces...

Four environmental dimensions of energy security - climate change, air pollution, water availability and quality, and land-use change - and the environmental impact of 13 energy systems on each are discussed in this paper. Climate change threatens more land, people, and economies in Asia and...

Climate engineering (CE) and carbon capture and storage sub-seabed (CCS-S) are currently controversially debated options to address climate change. Our paper provides empirical evidence on the public perception of two different CE measures, namely, stratospheric sulphate injection (SSI) and...

After twenty years of global negotiations, the world is still far from a comprehensive climate agreement. The "top-down" approach embodied by the Kyoto Protocol has all but stalled, chiefly due to disagreements over levels of ambition and objections to financial transfers. To avoid those...