initiatives: (i) multilateral agreements on climate protection strategies and (ii) trade agreements towards global trade … theoretical analyses and numerical simulations, the book provides guidelines on efficient strategies for climate change mitigation … with existing and possible trade agreements on various levels. The analyses incorporate important real-world features, such …

optimal carbon tax in a stochastic dynamic programming implementation of an integrated assessment model of climate change. We … derive a general analytic formula for the "risk premium" governing the resulting climate policy. The formula generalizes …