International emission trading will be one of the most important tools in the effort to reduce greenhouse gas emissions in the atmosphere. The reason is clear: emission trading can bring impressive cost savings. While the private sector has embraced the concept and is well equipped to use it,...

This paper explores different measures of energy efficiency performance (“MEEP”) and considers the importance of so-called boundary definitions when measuring energy performance, and how these affect the appropriateness of country comparisons to guide policy decisions. The paper also...