The tax treatment of transactions under an emissions trading scheme is of critical importance as the taxation system has the potential to either distort or support the scheme. As pointed out in the Australian Government's recent discussion paper, the "Green Paper", the primary tax policy...

This article examines whether a greenhouse gas emissions trading scheme has the potential to bring parties into conflict with the WTO provisions in dealing with the initial allocation of permits, non-compliance with emissions targets, emissions trading system enlargement, and trade measures...

This overview paper explains how greenhouse gas emissions trading works, provides the essentials of the Directive on the European Union Emissions Trading Scheme (EU ETS) and summarizes the main implementation problems of the EU ETS. In addition, a law and economics approach is used to discuss...

This book chapter addresses the use of traditional regulation to ameliorate climate disruption, revealing that traditional regulation has played a significant role. It defines traditional regulation as encompassing performance standards, work practice standards, and phase-outs of dangerous...

The current concern with the Greenhouse effect has a number of major implications for forestry. Firstly, there is the issue of restricting land clearing as part of the process of meeting Australia's target in reducing greenhouse gas emissions. Conversely, there is the use of forests as carbon...

Current experience with the Kyoto Protocol indicates that climate sustainability goals will be attainable only if future regulatory policy is grounded on a sound and clearly articulated policy rationale that is relevant to political and economic realities. The mandatory targets and timetables...

This Debate in Print concentrates on the U.S. energy system and asks, How should public policy move forward to promote the decarbonization of the American economy? And what blend of law, economics, science, and technology will get the job done?

Many international policy problems, including climate change, have been characterized as global public goods. We adopt this theoretical framework to identify the baseline determinants of individual opinion about climate policy. The model implies that support for climate action will be increasing...

Climate litigation is a broad term that captures cases involving both conventional and novel causes of actions and remedies.This chapter focuses on cases seeking to force stronger actions by public and private entities to reduce carbon pollution of the atmosphere.The treatment is necessarily...

A core objective of California’s climate policy should be to empower individuals, businesses, communities, and municipalities to influence the scale and pace of decarbonization through their collective actions and investment choices. Cap-and-Trade, the cornerstone of California’s greenhouse...