We construct an endogenous (Bayesian) learning model with fat-tailed uncertainty on the equilibrium climate sensitivity and solve the model with stochastic dynamic programming. In our model a decision maker updates her belief on the climate sensitivity through temperature observations each time...

This study analyses how linking emissions trading systems affects the economical aspects of climate policy at both national and international levels. The analysis focuses on cost-efficiency, distribution between participants, competitiveness and emissions targets. In addition we examine how...

VOCs and NOx are the primary precursors in the formation of ground-level ozone (SMOG). The rate of formation is a function of concentrations, temperature and sunlight strength. Both pollutants as well as the ozone itself can be transported over very long distances. Therefore, it can affect...

The 1990 Canadian long-range transport of air pollutants and acid deposition report divided North America into 40 sources of emission and 15 sensitive receptor sites. For the purpose of national policy making and international negotiation, the use of these large sources and few receptors may...

Emissions trading is an attractive candidate for implementing greenhouse gas mitigation, because it can promote both efficiency and equity. This paper analyzes the interregional impacts of alternative allocations of carbon dioxide emission permits within the U.S. The analysis is performed with...

This article provides a review of economic studies analyzing the use of multiple policies – a socalled policy mix – to cope with single pollution problems. To guide and structure the review, an analytical framework is developed and applied. The framework integrates transaction costs into the...

Strategies and solutions to meet the challenges of GHGs call for new methods and technologies. Potential options for the rice industry sector to contribute to the mitigation of, and adaptation to, climate change by increasing rice production in a physically sustainable manner are attracting...

This paper by using the system of LEAP (Long range Energy Alternatives Planning System) constructs four different energy scenarios for the Greek transport, energy and industry sectors. By projecting the renewable energy use for the years 2020 and 2030 and the associated resulting carbon dioxide...