The Hotelling rule is applied to the case of a fixed CO2 budget restriction which has to be met in order to reach the global warming goal according to the Paris Agreement. While the theoretical result is well-known and simple, the practical implementation under technological uncertainty suggests...

This paper presents a holistic framework for analysing, assessment and improvement of environmental management in agriculture, and assesses the forms, factors and efficiency of agro-eco-management in Bulgaria during post-communist transition and EU integration. It incorporates an...

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...

The Australian Government has produced a CO2-equivalent tax proposal with a difference, it is a short prelude to an emission trading scheme that will allow the increasing rate of emissions to continue, while being a net cost to the Treasury. That cost extends to allowing major emitters to make...

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...

This study analyzes how the Green Climate Fund (GCF) should raise and allocate funds to achieve Pareto optimality in climate governance globally and its own fiscal balance. To make the conclusion more suitable for global climate governance analysis, this study modifies the hypothesis of the...

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 paper provides a coopetitive model for a global green economy taking into account the environmental sustainability. In particular we propose a differentiable coopetitive game G (in the sense recently introduced by D. Carfì) to represent a basic green economy interaction among a country c...