This article presents the findings of a combined cost-benefit analysis of local air pollution and global climate change, two subjects that are usually studied separately. Yet these distinct environmental problems are closely related, since they are both driven by the nature of present energy...

International emission trading is an important flexibility mechanism, but its use has been often restricted on the ground that access to international carbon credits can undermine the domestic abatement effort reducing the incentive to innovate and, eventually, lowering the pace of climate...

Stabilizing the atmospheric concentrations of greenhouse gases (GHGs) at levels expected to prevent dangerous climate changes has become an important, long-term global objective. It is therefore crucial to identify a cost-effective way to achieve this objective. In this paper, we use WITCH, a...