The United States will play a crucial role in global climate protection in what has been called the "super election year" of 2024. After three-and-a-half years of having scored huge successes in climate protection, President Joe Biden could be succeeded by Donald Trump in January 2025, according...

Following high-profile United Nations climate summits in Glasgow and Paris, sub-national regions and cities are increasingly seeking to set climate targets and policies in line with the Paris Agreement's goals. Downscaled carbon budgets are a useful framework for setting local mitigation targets...

This paper studies the drivers of emission reductions in the carbon market of the European Union Emission Trading System (EU ETS) since its inception in 2005. We introduce a novel empirical framework that facilitates the joint identification of simultaneous demand and supply shocks underlying...

The EU has established the world’s first cross-border emission-trading systems (ETS) for greenhouse gas (GHG) emissions, currently covering aviation, emission-intensive sectors, and electricity (EITE). The EU Commission has offered to apply emissions trading in new sectors where emissions from...

We analyze the energy market and ETS outcomes in Kazakhstan, a major fossil-fuel exporter. The energy market was characterized by the presence of large state-owned enterprises, prevalence of fossil fuel subsidies, and dominance of coal-fired generation. Despite the ETS, Kazakhstan's CO2...

Despite some progress, the Group of Seven (G7) have yet to act collectively to foster a low-carbon transition of their economies. This paper outlines such a strategy, which would also encourage other economies to follow suit. This strategy has three elements. First, the G7 should agree to end...

The present work investigates the links between Ricardian and Sraffian economic analyses and the emerging themes of ecological macroeconomics, namely the impact of global warming and ecological or natural crises, the depletion of non-produced material resources, and the energy transition. The...

The prime objective of the current research is to investigate factors affecting foreign direct investment (FDI) inflows into BRICS countries with a special focus on energy impact on FDI inflows from 1990 to 2018. The empirical results of pane fully modified ordinary least squares (F.M.O.L.S.),...