We study the issue of optimality of policies devoted to environmental goals, building upon the recent and interesting work by Alesina and Passarelli (<CitationRef CitationID="CR1">2010</CitationRef>) and extending their analysis to the more general framework set up by Weitzman (The Review of Economic Studies 41: 477-491, <CitationRef CitationID="CR19">1974</CitationRef>). We...</citationref></citationref>

The first part of our paper is devoted to a critical review of the main international agreements to reduce climate change and their implementation in the EU environmental policy. The EU has undoubtedly made a big effort in developing a progressive environmental policy, but many of its own...

How to control climate change and to spur clean energy are among the most important challenges facing the world today. So far, a large strand of literature on climate change states that we need two economic policy instruments to correct for the two types of market failures: an environmental tax...