The growth of international trade is increasing the separation between the location of consumption and the location of production and emissions. As a consequence of this growth, GHG emissions reported on a territorial basis can differ markedly from the global emissions required to produce the...

Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing...