What are the effects of emissions trading on a particular country? The efficiency and distribution effects associated with the implementation of the European Union Emissions Trading Scheme (EU ETS) in Spain were modelled using a static general equilibrium model. Three scenarios were examined for...

Due to climate change, energy dependence and other energy-related issues, most developed countries are attempting to reduce fossil-fuel use in the transport sector. Accordingly, there are several instruments that have been in place for many years, such as mandatory design standards, taxes on...

This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change.

Transport is essential for the control of future greenhouse gas (GHG) emissions and thus a target for active policy intervention in the future. Yet, social preferences for policies are likely to play an important role. In this paper we first review the existing literature on preferences...

Growing concerns about climate change and energy dependence are driving specific policies to support renewable or more efficient energy sources such as cogeneration in many regions, particularly in the production of electricity. These policies have a non-negligible cost, and therefore a careful...