The introduction of mandatory controls and a trading scheme covering approximately half of all carbon dioxide emissions across Europe has triggered a debate about the impact of emissions trading on the competitiveness of European industry. Economic theory suggests that, in many sectors,...

This paper reviewed current discounting practice in the OECD. It found a wide variance in guidance across countries (which may or may not be justifiable by different economic conditions), and significant differences in guidance within countries. Furthermore, even when discounting guidance is...

Putting a price on carbon is critical for climate change policy. Increasingly, policymakers combine multiple policy tools to achieve this, for example by complementing cap-and-trade schemes with a carbon tax, or with a feed-in tariff. Often, the motivation for doing so is to limit undesirable...

Existing conceptual and empirical contributions emphasise the significant payoffs available to companies that manage their environmental impacts effectively (Porter and van der Linde, 1995; Christmann, 2000; Hart, 1997; Arag?n-Correa et al., 2004). In spite of this, empirical evidence concerning the extent...

Purpose ? The purpose of this paper is to provide a snapshot of environmental management practices in the UK and discuss managerial responses to environmental issues in comparison with earlier research. Design/methodology/approach ? A telephone interview survey approach is adopted encompassing...

This paper discusses the modelling of rainfall-flow (rainfall-run-off) and flow-routeing processes in river systems within the context of real-time flood forecasting. It is argued that deterministic, reductionist (or 'bottom-up') models are inappropriate for real-time forecasting because of the...

Operational flood forecasting requires accurate forecasts with a suitable lead time, in order to be able to issue appropriate warnings and take appropriate emergency actions. Recent improvements in both flood plain characterization and computational capabilities have made the use of distributed...

The paper describes a general approach to the modelling of nonlinear and nonstationary economic systems from time-series data. This method exploits recursive state space filtering and fixed interval smoothing algorithms to decompose the time-series into long term trend and short term small...