Agricultural land protection (ALP) is a standard policy response to growing food security concerns driven by urbanisation, population growth and uncertainty over climate change. However, if not supported by rigorous analysis, at least in terms of the correct scale of protection, ALP may result...

We show that (i) subsidies for renewable energy policies with the intention of encouraging substitution away from fossil fuels may accentuate climate change damages by hastening fossil fuel extraction, and that (ii) the opposite result holds under some specified conditions. We focus on the case...