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We introduce a "smart" cap and trade system that eliminates the welfare costs of asymmetric information (“uncertainty”). This cap responds endogenously to technology or macroeconomic shocks, relying on the market price of certificates to aggregate information. It allows policy makers to...
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enlarged Europe -- Market based approach to air pollution and climate change -- New EU policy initiatives for air pollution and … climate change. …
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the AEPS nor the Arctic Council included the issue of climate change in their working agenda or as a primary concern … during their establishment. However, the AEPS was concerned with the ‘global climate' during its formation, although it … decided not to address the issue since other international forums had already started to work on it. Nevertheless, climate …
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Climate change is an increasing concern across the world. In 1997, a number of countries, including most OECD countries …, agreed the Kyoto Protocol, which sets targets for future emissions of greenhouse gases that drive climate change. But the … in themselves will do little to avert climate change but are best seen as a first step towards ambitious worldwide action …
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