By reducing the demand for fossil fuels, climate policy can reduce scarcity rents for fossil resource owners. As mitigation policies ultimately aim to limit emissions, a new scarcity for “space” in the atmosphere to deposit emissions is created. The associated scarcity rent, or climate rent...

Achieving climate policy targets will require large-scale deployment of low-carbon energy technologies, including nuclear power. The small modular reactor (SMR) is viewed as a possible solution to the problems of energy security as well as climate change. In this paper, we use an integrated...

This paper is concerned with the statistical behavior of oil prices in two ways. It, firstly, applies a combined jump GARCH model in order to characterize the behavior of daily, weekly as well as monthly oil prices. Secondly, it relates its empirical results to implications of Hotelling-type...

This paper measures the energy efficiency performance with carbon dioxide (CO2) emissions in 30 provinces in China during the period of 1997–2011 using a meta-frontier framework with the improved directional distance function (DDF). We construct a new environmental production possibility set...

This paper estimates the Marginal Abatement Cost Curve (MACC) of CO2 emissions in China based on a provincial panel for the period of 2001–2010. The provincial marginal abatement cost (MAC) of CO2 emissions is estimated using a parameterized directional output distance function. Four types of...

This paper examines the optimal control of CO2 emissions from a perspective of efficiency analysis. Several centralized data envelopment analysis (DEA) models are introduced to study the optimal allocation of CO2 emissions under spatial, temporal and spatial–temporal allocation strategies,...

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...

The process of urbanization has been shown to be important for economic development, environmental impacts and human wellbeing, particularly in developing countries. In this paper we compare structure, data sources and scenario results of four integrated assessment models that are capable of...

Improving the energy efficiency of building stock, commercial equipment, and household appliances can have a major positive impact on energy use, carbon emissions, and building services. Sub-national regions such as the U.S. states wish to increase energy efficiency, reduce carbon emissions, or...

Thermoelectric power plants depend on cooling water drawn from water bodies. Low river run-off and/or high water temperatures limit a plant's production capacity. This problem may intensify with climate change. Our study quantifies the impact of forced capacity reductions on market prices,...