Asia has truly experienced spectacular economic growth over the past 15 years. However, this economic progress has come at a high cost. It has led to unprecedented environmental consequences. Ecological footprint shows that, despite the fact that one-fifth of the population in Asia still lives...

Energy markets and energy-intensive industries in all EU member states - especially in Germany - are subject to a diverse set of policies related to climate change. We analyse the potential efficiency losses from simultaneous application of emission taxes and emissions trading in qualitative and...

Carbon leakage provides an efficiency argument for unilateral climate policy to differentiate emission prices in favor of emission-intensive and trade-exposed sectors. At the same time, differential emission pricing can be (mis-)used as a beggar-thy-neighbor policy to exploit terms of trade....

There are no other two countries in the world that trade as much between themselves as do Canada and the U.S. It should thus come as no surprise that the U.S. deviation from international obligations makes Canadian industries' competitiveness (trade) concerns become even more rigorous. Against...

There are no other two countries in the world that trade as much between themselves as do Canada and the U.S. It should thus come as no surprise that the U.S. deviation from international obligations makes Canadian industries' competitiveness (trade) concerns become even more rigorous. Against...

In the absence of an international agreement on climate policy, unilateral carbon abatement creates two problems: It tends to have a detrimental effect on domestic competitiveness, and it leads to an increase in carbon emissions abroad (leakage). This paper analyses two policies that have...

Putting a price on carbon is considered a crucial step for China's endeavor of harnessing the market forces to reduce its energy consumption and carbon emissions. Indeed, aligned with China's grand experiment with low-carbon provinces and low-carbon cities in six provinces and thirty-six cities,...