Rich-poor interactions complicate the search for a stable Environmental Kuznets Curve (an "inverted U" relationship between income per-capita and environmental degradation). We show that aid from richer to poorer countries to support investments in environment, in either of two forms, alters the...

Four years after the Kyoto Protocol was agreed to, issues related to operationalising CDM are yet to be resolved. This paper presents the debate on key CDM issues, namely, those of baselines, additionality, supplementarity, application of the sustainable development criteria and the inclusion of...

We study how the import of older and more polluting technologies alters the relationship between output and environmental quality in developing countries within a vintage capital framework. Our results show that old technologies prolong the period until which pollution may eventually decrease...

Although developing countries face a drastic increase in their greenhouse gas emissions, mitigating actions against climate change do not rank high among their priorities. The obvious reason lies in the necessity for them to continue the development process, which is characterised by pressing...