In this paper, I estimate the effect of mandatory greenhouse gas (GHG) emissions disclosure on corporate value. Using the introduction of mandatory GHG emissions reporting for firms listed on the Main Market of the London Stock Exchange as a source of exogenous variation, I find that firms most...

The Pan-Canadian Framework on Clean Growth and Climate Change is designed to put Canada on track to meet its Paris commitments. A key pillar of the plan is the introduction of a pan-Canadian carbon price by 2018. However, four Canadian provinces, nearly 85% of the Canadian economy and...

Deployment of new technologies is vital to climate change policy but invariably poses difficult tradeoffs. Carbon capture and storage (CCS), which involves the capture and permanent burial of CO2 emissions, exemplifies this truth. CCS lacks the green appeal of renewable sources of power, and...

The U.S. Department of Energy is working to develop and implement commercial-scale carbon capture and storage. This article discusses the technical and legal problems that must be resolved to have a viable program. It concludes that whether carbon sequestration becomes a commercial reality will...

This article focuses on NEPA compliance by the U.S. Department of Energy and its National Energy Technology Laboratory concerning the funding of carbon capture and storage projects. The article concludes that NEPA documents that are produced comply with the statute’s requirements, but the...

In this paper, we assess the economy-wide impact of Climate Change (CC) on agriculture and food security in 20 Latin American and the Caribbean (LAC) countries. Specifically, we focus on the following three channels through which CC may affect agricultural and non-agricultural production: (i)...

A clear imperative in addressing the climate crisis is to turn finance promises into climate action. This article explores this challenge through the lens of the emerging concept of ‘legal readiness for climate finance’. It is defined as the degree to which a country has coherent regulatory...

The dominant approach to environmental policy endorsed by conservative and libertarian policy thinkers, so-called "free market environmentalism" (FME), is grounded in the recognition and protection of property rights in environmental resources. Despite this normative commitment to property...

Climate change is a serious challenge to our planet. The point of no return will be upon us in 2014 and we are yet to regulate the emission of greenhouse gas. Failure to reach agreement at the 2009 UN Climate Change Summit in Copenhagen highlighted the difficulties we face in regulating use of...

Climate change is closely interconnected with other environmental problems, including stratospheric ozone depletion, and local and regional air pollution. Such interlinkages have created opportunities for strengthening the global response to climate change, and international legal regimes...