We propose a realistic approach to climate policy based on the Copenhagen Agreement to reduce Greenhouse Gases (GHGs) emissions. We assess by how much the non-binding, although official, commitments to reduce emissions made in Copenhagen will affect the level of world GHGs emissions in 2020. Our...

At the end of 2002, FEEM celebrated a major achievement in its publication history: 1000 published working papers. This paper provides an analysis of FEEM working papers according to different viewpoints. First, it assesses the evolution of the contents of FEEM working papers by identifying the...

The possible introduction of a carbon tax in Europe is an issue which has attracted the attention of numerous economists and policymakers. The problems under debate concern the effects of the tax at different levels: what costs, in terms of GDP growth, will be paid by each European country? Will...