The first part of our paper is devoted to a critical review of the main international agreements to reduce climate change and their implementation in the EU environmental policy. The EU has undoubtedly made a big effort in developing a progressive environmental policy, but many of its own...

How to control climate change and to spur clean energy are among the most important challenges facing the world today. So far, a large strand of literature on climate change states that we need two economic policy instruments to correct for the two types of market failures: an environmental tax...