The effects of climate policies are often studied under the assumption of perfectly competitive markets for fossil fuels. In this paper, we allow for monopolistic fossil fuel supply. We show that, if fossil and renewable energy sources are perfect substitutes, a phase will exist during which the...

China, from its own perspective can not afford to, and from an international perspective, is not allowed to continue on the conventional path of encouraging economic growth at the expense of the environment. The country needs to transform its economy to effectively address concern about a range...

To provide a model for assessing the current and likely responses to climate change risks, this Article considers two of worst flood disasters in American history and applies the same rationale to critical climate change issues facing the nation today. After providing a background on climate...

As global climate change and its adverse effects have caused serious consequences, the Chinese Government is speeding up on energy saving and emissions reductions, becoming much more active on the climate and environment front. According to the work schedule of the Ministry of Finance,...

The development of unconventional gas extraction has led to significant declines in gas prices, recently followed by a large drop of oil prices. This is also the year which is supposed to deliver the long awaited post 2020 climate agreement. This article brings different pieces of research...

Substantially reducing carbon dioxide (CO2) emissions from electricity production will require a transformation of the resources used to produce power. This paper analyzes the economic consequences of a suite of different flexible and comprehensive policies to reduce CO2 emissions from the power...

Many policymakers and academics argue that a comprehensive global treaty is the only effective method by which to regulate greenhouse gas emissions. Some of them therefore see the failure to reach a post-Kyoto agreement at Copenhagen in 2009 as “catastrophic.” This Article argues instead...

An argument sometimes used to support renewable energy is that it may contribute to job creation. On the other hand, these technologies often face local opposition. On the case of Denmark, the country with the longest experience with wind power, the authors examine whether the installation of...

Climate financing and compensation have emerged as key themes in the international climate mitigation debate. According to one argument in support of compensation, advanced economies (AEs) have used up much of the atmosphere’s absorptive capacity, thus causing global warming and blocking a...

In this paper, we review the literature on carbon reduction policies detailing the main ways that carbon emissions are controlled. Three main categories of carbon reduction policies are surveyed: carbon sequestration, alternative energy sources, and carbon pricing. We survey academic literature...