Three computable general equilibrium models are used to estimate the economic implications of a stylized version of EU …, however, that the distortions introduced by total EU package imply a substantial welfare loss over and above the costs needed …

Climate change ranks high on the policy agenda of the European Union (EU) which considers itself as a leading force in … the battle against anthropogenic climate change. The EU is committed to the objective of limiting the rise in global … climate system. This article provides a critical appraisal of two decades of EU climate policy. Based on the global nature of …