This note seeks to provide an initial analysis of the strengths and weaknesses of the European Commission's Impact Assessment (IA) accompanying the proposal for a Directive on the assessment of the effects of certain public and private projects in the environment. This proposal itself deals with...

In the 1930s, chlorofluorocarbons (CFCs) were developed as safe, non-reactive alternatives to toxic and explosive refrigerants and propellants such as ammonia, chloromethane, and sulfur dioxide. American engineer Thomas Midgley famously demonstrated these properties by inhaling Freon (CFC-12)...

Analyzing the universe of federal environmental regulations in the U.S., we construct a measure of regulations--direct taxes on pollution. Analyzing the universe of firms' investor disclosures, we construct a measure of material environmental concerns--indirect taxes on pollution. These two...

This article investigates the relationship between environmentally related taxes introduced in OECD countries and air pollution, represented by carbon dioxide and greenhouse gas emission levels in the atmosphere. The article makes a statistical analysis of data on environmental taxes,...