Providing additional finance for adaptation is a key element of the emerging international climate change framework. This paper discusses how adaptation funding may be allocated among developing countries in a transparent, efficient and equitable way. We propose an approach based on three...

We analyse the role of risk mitigating strategies upon the willingness to adopt a marine PES scheme in fishing households. More specifically we focus on the role income diversification and social capital can play. We find that income diversification and three social capital variables (trust,...

We determine the effects of various management restrictions on adoption rates of marine Payments for Environmental Services (PES) schemes. Choice experiments are used in order to determine how fisher participation rates change under different marine PES programme designs. Various designs, with...

Recent carbon market prices are substantially lower than mean or median estimates of the social cost of carbon in the literature. Intuition would therefore suggest that 'investment errors' are being made, in the sense that markets favor higher carbon-emitting projects, while global welfare would...

Since income is the return on wealth, the total wealth of any given country should be on the order of 20 times its gross domestic product. Instead the average observed ratio from the balance sheet accounts of the System of National Accounts is a factor of 2.6 to 6.6, depending on whether natural...