Economic links among countries, through trade, will cause the effects of greenhouse-gas control measures taken by one set of nations to ripple through the international trade system, affecting countries that may not have agreed to share the burdens of control. So, for example, emission...

Years of hard bargaining have failed to produce a policy architecture to adequately address the complexities of climate change. Very likely, such a structure will have to be sought though improvement of the partial architecture developed to date within the Framework Convention on Climate Change....

Policies under consideration within the Climate Convention would impose CO₂ controls on only a subset of nations. A model of economic growth and emissions, coupled to an analysis of the climate system, is used to explore the consequences of a sample proposal of this type. The results show how...

The emergence of U.S. shale gas resources to economic viability affects the nation's energy outlook and the expected role of natural gas in climate policy. Even in the face of the current shale gas boom, however, questions are raised about both the economics of this industry and the wisdom of...

The trading of rights to emit carbon dioxide has not officially been sanctioned by the United Nations Framework Convention on Climate Change, but it is of interest to investigate the consequences, both for industrial (Annex B) and developing countries, of allowing such trades. The authors...

The paper is in two parts. The first is a fable starring Ripley Van Winkle, an eminent Scientist; and, the Nation’s Leader, who needs no introduction. “Rip” is disturbed about the nature and direction of current climate policy and wants to know why people are ignoring the naked truth about...

The MIT Emissions Prediction and Policy Analysis model is applied to synthetic policies that match key attributes of a set of cap-and-trade proposals being considered by the U.S. Congress in spring 2007. The bills fall into two groups: one specifies emissions reductions of 50% to 80% below 1990...

The MIT Emissions Prediction and Policy Analysis model is applied to synthetic policies that match key attributes of a set of cap-and-trade proposals being considered by the U.S. Congress in spring 2007. The bills fall into two groups: one specifies emissions reductions of 50% to 80% below 1990...