The Clean Development Mechanism (CDM) of the Kyoto Protocol offers developing countries the opportunity to participate in the effort to reduce global greenhouse gas levels while also benefitting from sustainable development opportunities. To date, the majority of CDM investments have gone to...

This thesis is a collection of research papers examining global economic integration, technology diffusion and climate change and their interactions and policy implications. Chapter 1 theoretically analyzes the effect of changes in regional production costs on the inter-regional allocation of...

I study several policy instruments for carbon mitigation with a focus on subsidies for renewable energies, emission taxes and emission allowances. In Chapter 1, I analyze the optimal design and the welfare implications of two policies consisting of an emission tax for conventional fossil-fuel...