GDP linked targets have the potential to favor green growth and avoid "hot air" in uncertain backgrounds, like those of many developing economies. Even if they are not a guarantee of emissions reduction as required by the 2 degree Celsius Copenhagen goal because emissions' intensity can decrease...

More and more firms tend nowadays to adopt environment-friendly attitudes. Their motivation originates in local environmental regulations or requirements of foreign markets to which firms export (both induced by consumers and investors' valuation of pro-environment initiatives). There is a...