The Strategic Roadmap for Carbon Market and Climate Finance in the Forest Sector, tailored for each of the Congo Basin countries (Cameroon, Central African Republic, Democratic Republic of Congo, Equatorial Guinea, Gabon, and the Republic of Congo), provides a comprehensive, country-specific...

A review is presented of the macroeconomics of climate change and policy. The review starts with a tractable workhorse model of the macroeconomics of climate and carbon pricing. It then discusses extensions to multiple countries. A discussion of the effects of macroeconomic and climate...

This paper reviews research across economics, political economy, political science, and public policy to investigate how institutions shape the adoption, implementation, and durability of climate policies. We examine how formal institutions (i) coordinate implementation capacity, (ii) anchor...

Based on panel data from 276 Chinese cities between 2004 and 2021 and applying a difference-in-differences approach, this study explores the relationship between the New Energy Demonstration City (NEDC) policy and local green technological innovation (GTI) capabilities, along with its mechanisms...

The design of energy policy mixes plays a critical role in low-carbon transitions. While an increasingly diverse and extensive array of policy mixes may enhance systemic transformation, it can also generate policy conflicts that undermine effectiveness. To examine this tension, this study...

Grassland ecosystems, China's largest terrestrial biomes, are vital for ecological stability and sustaining pastoral livelihoods. Confronting severe degradation, the Chinese government introduced the Grassland Ecological Compensation Policy (GECP), yet persistent trade-offs between herder...

Ecological sustainability is one of the key dimensions of sustainable development in any economy. Developing economies exhibit high-risk levels in terms of political stability and corruption, thereby inhibiting them from successfully adopting techniques for ecological sustainability. A framework...

We experimentally investigate how the timing of, and commitment to, an environmental regulation affects efficient technology adoption under emission taxes and tradable permits. An environmental regulator can either commit ex-ante to a specific policy level or ex-post to a rule on how to adjust...

This paper analyzes how ESG-linked executive compensation interacts with carbon taxation in a multitask principal-agent framework. A risk-neutral principal with financial and environmental preferences incentivizes a risk-averse manager to exert productive and abatement effort while facing an...

Carbon pricing is widely recognized as a key tool for reducing greenhouse gas emissions. However, if implemented without compensatory measures, it can increase poverty and inequality. The aim of this paper is to examine the role of carbon pricing in generating fiscal space for expanding social...

This paper analyzes the causal effect of exposure to uncensored environmental reporting on individuals' environmental preferences and pro-environmental behavior. We exploit a natural experiment occurring in the German Democratic Republic, where geographic characteristics determined access to...

The fossil-fuel foreign policy of the United States under President Donald Trump has intensified the conflict between petrostates and electrostates in international climate politics. At COP30 in Belém in November 2025, this cleavage was particularly evident in the dispute over a roadmap for the...

The study examines economic growth and climate change when system competition between countries causes drastic changes in their climate policies. The world is divided into two groups of countries: one that implements strict climate policies and another that refrains from doing so due to concerns...

How are preferences for innovation formed, and what determines the long-run direction of technological change? This paper shows that early-life exposure to environmental accidents can durably reorient inventive effort decades later, even in the absence of targeted policy. I study radioactive...

Green Deals have been introduced across Western economies as large-scale, mission-oriented innovation policies (MOIPs) intended to combine economic growth with environmental sustainability. Rooted in the concept of an "entrepreneurial state," these initiatives reflect renewed confidence in...

This essay examines the rise of "Green Deals" as large-scale state-sponsored active industrial policies to accelerate a transition toward climate neutrality. Building on the concept of mission-oriented innovation policy (MOIP), it documents how environmental and active industrial policies have...