Reasons for the joint use of ex ante regulation and ex pos t liability to cope with environmental accidents have been a longstanding issue in law and economics literature. This article, which includes the first empirical study of the French environmental legal system, analyzes courts’...

The role of technology cooperation in international climate policy has drawn considerable attention in recent years. This article examines the possibility that an international agreement to deploy clean energy would pave the way to future climate cooperation. My game-theoretic analysis shows...

This paper investigates several user-based funding mechanisms for protecting the marine resources in the Republic of the Maldives, by conducting an economic valuation of its recreational uses. We developed an individual travel demand model, corrected for truncation and endogenous stratification,...

Renewable energy technologies have been identified as one important lever for mitigating environmental problems such as climate change. However, several obstacles stand in the way of their ample diffusion in both industrialized as well as developing countries. Besides the pure analyses of...

In 2002, the US Environmental Protection Agency (USEPA) established a voluntary environmental program called the Climate Leaders (CL) Program. Participating firms developed greenhouse gas emissions inventories, set emissions reductions goals, and annually reported progress toward those goals....

The World Development Indicators (WDI) database provides historical trends of the Genuine Savings (GS) indicator, going back more than 40 years for about 200 countries. The indicator accounts for subsoil mineral depletion and global warming as environmental degradation. The major shortcoming of...

This study explores the effect of trade openness on deforestation. Previous studies do not find a clear effect of trade openness on deforestation. We use updated data on the annual rate of deforestation for 142 countries from 1990 to 2003, treat trade and income as endogenous, and take into...

This paper investigates the effects of a change in environmental abatement technology on the accumulation of capital stock and on the global environment in a two-country overlapping-generations model. Among other issues, we focus on a situation where abatement improves in only one country. With...

In recent times, greenhouse gas (GHG) reduction targets have been frequently discussed in climate-change policy debates. Computable energy-economic models have played a significant role in the process of formulating policy goals. However, these models are very complicated and contain many ad hoc...

This paper defines a sustainable development path as a balanced growth path with environmental conservation. In the framework of endogenous growth theory, it is known that a sustainable development path is optimal only if the following three conditions are satisfied: (1) the engine of economic...