In the last two decades increasing attention has been paid to the relationship between environmental degradation and economic development. According to the Environmental Kuznets Curve (EKC) hypothesis this relationship may be described by an inverted-U curve. However, recent evidence rejects the...

This paper analyses the cost implications for climate policy in developed countries if developing countries are unwilling to adopt measures to reduce their own GHG emissions. First, we assume that a 450 CO2 (550 CO2e) ppmv stabilisation target is to be achieved and that Non Annex1 (NA1)...

Has the Kyoto Protocol induced carbon leakage? We conduct the first empirical ex-post evaluation of the Protocol. We derive a theoretical gravity equation for the CO2 content of trade, which accounts for intermediate inputs, both domestic and imported. The structure of our new panel database of...

Auf der UN-Klimakonferenz in Cancun im Dezember 2010 haben sich die teilnehmenden Staaten auf ein Maßnahmenpaket geeinigt, das auch einen globalen Grünen Klimafonds enthält. Der "Design-Prozess" dieses Fonds steht jetzt auf der politischen Agenda. Eine verbesserte Koordinierung der...

Die Verhandlungen zur Fortschreibung des Kyoto-Protokolls in Durban Ende 2011 haben gezeigt, dass kurz- bis mittelfristig mit keinem verbindlichen und ambitionierten globalen Abkommen zur Treibhausgasreduktion zu rechnen ist. Vor diesem Hintergrund gewinnt die klimapolitische Strategie der...

We examine long-run treaties for mitigating climate change. Countries pay an initial fee into a global fund that is invested in long-run assets. In each period, part of the fund is distributed among the participating countries in relation to the emission reductions they have achieved in this...