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...

We propose a new policy instrument that leverages adverse selection when Pigouvian policies are infeasible or undesirable. Our policy gives firms the option to pay a tax on their voluntarily disclosed emissions, or an output tax based on the average emissions among undisclosed firms. We derive...

Since the Industrial Revolution, the increase in greenhouse gas emissions has led to a significant rise in global temperatures compared to the pre-industrial period. This development has heightened the importance of carbon pricing policies in combating climate change. This study aims to examine...

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...

The World Bank Group supports the Ministry of Economy of Armenia in developing a green taxonomy (GT) as a key step toward a sound system of identifying, selecting, and financing green and sustainable development projects and actions, and as an essential milestone toward establishing an...

Is place-based green industrial policy effective? This paper examines the Inflation Reduction Act’s Energy Community provisions, which provide spatially targeted incentives for renewable energy investment. Using a difference-in-differences design with investment and job vacancy data, it shows...

This report summarizes the discussions held by Embrapa and the World Bank on strategies to promote sustainable use of degrading pasture areas. The challenge of recovering these areas relies on the need to increase agricultural production and yield in line with sustainability principles. The...

There is broad agreement that the European Union's post-2030 climate policy architecture - the framework of rules to reduce greenhouse gas emissions - needs to be simpler and more flexible, with market actors less constrained in how they mitigate emissions. However, simplification should not...

Rund 50 % der Fläche Deutschlands werden landwirtschaftlich genutzt. Damit kommt der Landwirtschaft eine besondere Bedeutung für den Erhalt und die Förderung der biologischen Vielfalt zu. Allerdings liegen auf nationaler Ebene aktuell keine hinreichenden Daten vor, um den Zustand, die Trends...

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...

This paper investigates the relationship between technological capabilities, import dependency, and environmental policies, focusing on the lithium-ion battery supply chain (LBSC) - a critical sector for the net-zero transition. We contribute to the growing literature on the drivers and barriers...

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...

Environmental challenges increasingly shape political discourses across Europe, yet their influence on actual environmental governance remains unclear. This paper examines the political economy mechanisms linking environmental change, party platforms, and the decentralisation of environmental...

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...

I study optimal implementation of climate targets in a model with distortionary fiscal policy, learning-by-doing, and directed technical change. The key mechanism is that fiscal constraints link innovation policy to labor allocation, creating a tension between directing research and directing...

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...

Rund 50 % der Fläche Deutschlands werden landwirtschaftlich genutzt. Damit kommt der Landwirtschaft eine besondere Bedeutung für den Erhalt und die Förderung der biologischen Vielfalt zu. Allerdings liegen auf nationaler Ebene aktuell keine hinreichenden Daten vor, um den Zustand, die Trends...