Despite the increasing number of studies on self-reported happiness, due to data availability, only a few studies from developing countries exist. Moreover, even though climate is among the most important input to human activities, only a handfull of studies explicitly associate it with...

In earlier papers we have argued that the Kyoto Protocol is not sustainable as a global climate change policy and have proposed an alternative policy regime based on a coordinated but decentralised system of national permit trading systems with a fixed internationally negotiated price for...

Beyond the Kyoto Protocol

The Next Step for Climate Change Policy

The third Conference of the Parties to the United Nations Framework Convention on Climate Change will be held in Kyoto in early December. These upcoming negotiations, aimed at reducing future emissions of greenhouse gases, are almost certain to accomplish nothing. Failure is likely because the...

Using a model of nonlinear decay of the stock pollutant, and starting from the same initial conditions, the paper shows that an optimal tax that corrects for both stock and flow externalities may result in a lower tax, fewer cumulative emissions (less decay) and higher output at the steady state...

Climate Policy and Uncertainty: The Roles of Adaptation versus Mitigation

Lack of action on cross-border environmental problems in developing countries is often ascribed to gaps in local capacity and resources, failure of regional cooperation, and lack of financial support from rich countries. Using the case of the Southeast Asian Haze pollution from forest and peat...

Global Emissions Trading: Prospects and Pitfalls