The relationship between climatic shocks, climate related disasters, and migration has received increasing attention in recent years and is quite controversial. One view suggests that climate change and its associated natural disasters increase migration. An alternative view suggests that...

The global increase in greenhouse gases is also changing the climate conditions more severely in Germany. This particularly affects local cultivated landscapes, which cover large parts of Germany and are already experiencing a wide range of ecological problems. Although agricultural land use...

With months of drought, hot summers and flooding, global warming has also become increasingly apparent in Germany over recent years. The Climate Protection Act, which was amended in 2021, therefore aims to achieve climate neutrality by 2045. At the same time, a favourable conservation status for...

Many consumers care about climate change and other externalities associated with their purchases. We analyze the behavior and market effects of such "socially responsible consumers" in three parts. First, we develop a flexible theoretical framework to study competitive equilibria with rational...

This paper studies the interplay between environmental performance and financial valuation of firms in Latin America and the Caribbean. We provide insights into how environmental considerations are integrated into financial decision-making and investor behavior by analyzing the stock market...

With the Swedish student Greta Thunberg, the protest for the environment has taken on a personal face. Her central statement is: "Politicians are doing far too little for climate protection. This is irresponsible towards the youth." Something new has happened: Suddenly young people have become...

This paper uses private and environmental cost data for the Netherlands to evaluate the social cost of two final waste disposal methods, landfilling versus incineration using waste-to-energy (WTE) plants. The data only provide some support for the widespread policy preference for incineration...

Under the 1997 Kyoto Protocol, economies in transition are eligible for both emissions trading (Article 17) and joint implementation (Article 6). Guiding rules for implementing these mechanisms were decided through the Marrakech Accords in November 2001. These countries may benefit substantially...