I study the effects of intertemporal emission permits trading in a cap-and-trade scheme when firms' abatement investments have long-term effects. In a two-period general equilibrium model, firms make trading and investment decisions in each period to meet their caps. I compare equilibrium...

This article analyzes the consequences of environmental tax policy under public debt stabilization constraint. A public sector of pollution abatement is financed by a tax on pollutant emissions and/or by public debt. In the same time, households can also invest in private pollution abatement...

As part of its continuing commitment to address the causes of climate change, the EU has agreed reduction targets for greenhouse gas (GHG) emissions to be achieved by 2020. In the case of Ireland the target is a reduction of 20 percent relative to the 2005 level. Agriculture is a major source of...