The direction of UK energy policy requires a renewed impetus if the goal of climate change stabilization is to be met. Cost is not the main issue: a transformation to a low-carbon energy system may be no more expensive than meeting future energy demands with fossil fuels. Institutional barriers...

This article assesses the feasibility of a 50% reduction in CO₂ emissions by 2050 using a large-scale Post Keynesian simulation model of the global energy-environment-economy system. The main policy to achieve the target is a carbon price rising to $100/tCO₂ by 2050, attained through auctioned...

This is a critical comment on the measure of costs of CO2 emission limits used by A. Manne and R. Richels in a recent publication.

Climate policy choices are influenced by the economics literature which analyses the costs and benefits of alternative strategies for climate action. This literature, in turn, rests on a series of choices about: the values and assumptions underlying the economic analysis; the methodologies for...

The changing strategic climate in Europe has led to considerable speculation about major cuts in military spending. This paper examines the economic implications of such reductions in military spending for the UK. The international economic and strategic context is discussed and then a...

We take issue with the claim by Tavoni and Tol (Clim Chang 100:769–778, <CitationRef CitationID="CR15">2010</CitationRef>) that reviews of the macroeconomic costs of achieving the 2 °C climate target have been affected by selection bias and have underestimated the costs. Although many more cost estimates are available in the...</citationref>

The Clean Development Mechanism (CDM) of Kyoto Protocol, designed for the industrialized countries to earn emission credits by investing in greenhouse gas (GHG) emission reduction projects in developing countries, shall contribute to emission reductions and sustainable development in the host...

Economic analyses have produced widely differing estimates of the economic implications of policies for greenhouse gas (GHG) mitigation, ranging from high costs to modest benefits. The main reason for the differences appears to be differences in approaches and assumptions. This paper analyzes...