Climate change is one of the grand challenges of this century, but so is the eradication of hunger which is still present for roughly one billion people mainly in tropical countries. Both climate change and climate mitigation have an impact on the availability of food, especially in those...

This paper discusses developments in the markets for CO2 emissions rights since the Kyoto Protocol was signed. The different emissions trading schemes, dominated by the Emission Trading System of the European Union and the Clean Development Mechanism, are surveyed. These schemes will need to be...

Water affects the economy of a country in many respects. Rivers and streams are used for transportation, acid rain leads to forest damages and health problems caused by water pollution not only reduce the quality of life but also entail economic costs (just to mention a few examples). Mainly...

After the conferences in Bonn and Marrakech it is likely that international emissions trading will be realized in the near future. Major influences on the permit market are the institutional detail, the participation structure and the treatment of hot-air. Different scenarios do not only differ...

Ökonomisch gesehen ist die natürliche Ressource Wasser ein Input, das für die Produktion bestimmter Gütern und Dienstleistungen benötigt wird. Der häufig sehr geringe monetäre Wert des Wassers spiegelt dabei die ökonomische Bedeutung nur unzureichend wider. Die Menge an Wasser,die für...

The objective of this paper is to assess the likely allocation effects of the current climate protection strategy as it is laid out in the National Allocation Plans (NAPs) for the European Emissions Trading Scheme (ETS). The multi-regional, multi-sectoral CGE-model DART is used to simulate the...

A breakthrough towards the liberalization of trade in a world economy distorted by a multitude of trade barriers can only be achieved by bllateral or plurilateral negotiations, it is argued by some. The spread of bilateralism will lead to a fragmentation of world trade and the further distortion...

The upcoming European Emissions Trading Scheme (ETS) is one of the more controversial climate policy instruments. Predictions about its likely impact and its performance can at present only be made to a certain degree. As long as the National Allocations Plans are not finally settled the overall...