Scientific and technological advances are resulting in improved forecasts of risk, but do better forecasts result in better risk management? I investigate to what extent the improvements in lead time of winter weather advisories affect the frequency of motor vehicle crashes. I construct a data...

Advances in predictive technologies are improving forecasts of risk, but do better forecasts result in better risk management? Using data on winter forecasts and vehicle crashes from 11 states in the US, I investigate the value of improvements in forecast lead times. I show that winter...

The European Union has unilaterally decided to implement a cap & trade scheme to contain greenhouse gases (GHGs) emissions, starting on 1 January 2005. After the First Phase of the Scheme had been concluded on 31 December 2007, emissions from the sectors covered by the European Emissions Trading...

There is an increasing tendency to use markets to induce the provision of environmental services. As such markets increase in scope, potential market participants might sell multiple environmental services. The question we consider here is whether participants in such markets should be allowed...

Commissioned by the European Commission, the Final Report for the EU-Canada Sustainability Impact Assessment (SIA) on the EU-Canada Comprehensive Economic and Trade Agreement (CETA) provides a comprehensive assessment of the potential impacts of trade liberalisation under CETA. The analysis...

The pricing of non market services/goods is a mean to recognise their role in the decision processes of public interest. The choice of how to consider and handle to use the corresponding values is influenced by goods’ definitions assigned by neoclassical economics – common, public, natural...

Global energy security is a growing worldwide concern in the presence of high economic policy uncertainty (EPU) that can be addressed by advancing sustainable energy diversification (ED) practices. Energy security can be estimated by combining ED and EPU indices; hence, this study uses a dataset...

Climate change and environmental degradation constitute challenging and demanding issues that need mitigation and adaptation strategies and plans, as well as scientific research to test the causality between economic growth and pollution levels. From this viewpoint, the present theoretical...

To identify sectors in Croatia that are particularly sensitive to the European Union's measures for transitioning to a low-carbon economy, this paper analyses data from the United Nations Framework Convention on Climate Change (UNFCCC) on greenhouse gas emissions. The aim is to identify the...

The CORSIA climate agreement requires the signatories to cap their bilateral international aviation carbon emissions to 85% of the level of 2019. Signatories can satisfy the cap by using offsets and sustainable aviation (SAF) fuels.This international agreement faces three handicaps: the...