Different options for a reform of the EU Emissions Trading System are discussed to ensure carbon price incentives for mitigation options in the basic materials sector, while minimizing carbon leakage risks. This paper quantifies carbon leakage risks, distributional implications, and additional...

In theory, eco-labels have great potential to reduce the environmental and social impact of products via consumer choice. In practice, the diffusion of eco-labels remains limited, with consumers expressing concerns about their value. One problem is a perceived tradeoff between the eco-label...

All 193 UN member states have pledged to achieve 17 Sustainable Development Goals (SDGs), following the guiding principle to leave no one behind. At the same time, rising populist movements increasingly influence the political debate in many countries by challenging multilateral cooperation and...

The present paper focuses on green defaults as demand-side policies supporting the uptake of renewable energy in Germany. It sets out to gain a better understanding of whether and for whom green electricity defaults work. The present study is one of the first to use a large-scale data set to...

Using information on climate transition risks embedded in US equity mutual fund portfolios, we report evidence that mutual fund investors consider climate-related transition risk to be an undesirable fund feature and accordingly allocate more money to funds with lower climate-related transition...

We explore how the intertemporal distribution of well-being affects the social cost of carbon. In contrast to the literature that studies parameters of a particular social welfare function, such as the discount rate, we shift the focus and directly assume a parametric form for the intertemporal...

Literature has consistently reiterated that the self-employed non-poor underreport their business income to tax authorities and in household surveys. In this work, we measure the extent to which poor households engaging in illegal environmental activities underreport income in Laos. We use a two...

This paper examines the driving forces behind the growth in carbon dioxide emissions in forty advanced and emerging economies between 1995 and 2008. We use the global supply chain concept introduced in Timmer et al. (2014) to measure CO2 emissions in internationally fragmented production...

The complexity of the connections within an economic system can only be reliably reflected in academic research if powerful methods are used. Researchers have used structural path analysis (SPA) to capture not only the linkages within the production system but also the propagation of the effects...

Both private and public sectors have failed to adequately provide critical ecosystem goods and services or an equitable distribution of wealth and income. To address this problem, the Vermont legislature is considering the creation of a Vermont Common Assets Trust (VCAT) that would make the...