The present endeavour attempts to assess the impact of increased carbon emissions on the global mean annual temperature by employing an autoregressive distributed lag model (ARDL) on time series data for 1970-2020. The study aims to predict the expected increase in global mean temperature until...

We study how international environmental agreements can take advantage of domestic time-inconsistency problems. Policymakers often prefer future policies to be sustainable, but are tempted to invest less when being in office. We find the equilibrium number of signatory countries to be higher...

The brief emphasises the need to translate climate commitments into effective policies, focusing on carbon pricing mechanisms like emissions trading, carbon taxes, and crediting mechanisms led by public authorities. - Carbon pricing cooperation is essential for increasing climate ambition,...

We analyze a two-stage coalition formation game in which the provision of the global public good is not only associated with variable costs but also with fixed costs. We consider the assumptions that signatories share or do not share fixed costs. We show that fixed costs may imply corner...

The Education for Climate Coalition is a flagship initiative of the European Education Area and the Green Deal hosted by the European Commission. As a community of practice, it enriches both the Council recommendation on learning for the green transition and sustainable development and the...

The regulatory landscape related to carbon credits is dynamically evolving. Even though the global market for carbon credits remains relatively limited compared to the ones created by emission trading systems, it can still play an important and complementary role in fostering positive climate...

The 29th Climate Change Conference (COP29) in Baku revealed a shift in the balance of power in international climate politics following the US elections. While China played a constructive role in the negotiations on international climate finance, vulnerable countries were forced to make painful...

This article explores the effects of including environmental provisions (EPs) in preferential trade agreements (PTAs) on climate change mitigation. It further examines whether the effects depend on the heterogeneity of the EPs. We exploit a panel dataset of the climate change performance index...

While global value chains (GVCs) are considered an important development escalator, concerns over their environmental consequences have been increasing. By providing opportunities to shift production to developing economies, GVCs risk carbon leakage. Preferential trade agreements (PTAs) have...

Article 10 of the Nagoya Protocol (NP), "Global Multilateral Benefit-Sharing Mechanism" (GMBSM), asks Parties to consider the distribution of benefits derived from the utilization of genetic resources in transboundary situations. A literature exists which applies the economics of information to...

This paper examines the role of domestic elections and political polarisation in shaping international environmental agreements and how electoral dynamics may explain the limited success of current climate cooperation. I focus on two key factors: the impact of domestic electoral pressure on...

This paper evaluates the impact of the General Agreement on Tariffs and Trade's Agreement on Agriculture (GATT AA) on outcomes outlined as its sustainability goals. They include adopting and sustaining agricultural practices to lower fertilizer pollution from nitrogen and phosphate, as well as...

The Kyoto Protocol has become a promising component for solving one of the most urgent and discussed problems by scientists – air pollution. Therefore, it remains important to consider what has actually been achieved over the 17 years of the treaty; what effects (environmental or economic)...

Under the 2022 Inflation Reduction Act, the United States has for the first time implemented a methane emissions fee as a backstop to new methane regulations in the oil and gas sectors. The European Union is also implementing methane regulations on fossil energy. Methane is a short-lived but...

This paper revisits one of the rare success stories in global environmental cooperation: the Montreal Protocol and the phase-out of ozone-depleting substances. I show that the protocol increased science and innovation on alternatives to ozone-depleting substances, and argue that agreements can...

Linking trade to environmental goals is gaining momentum. Ever more discussion about trade and climate interlinkages are prevalent in both the trade and climate policy communities. The dedicated Trade Day at the 28th Conference to the Parties (COP28) of the United Nations Framework Convention on...