The distributional effects of a carbon tax: The role of income inequality

The fact that a carbon tax is an environmentally and economically efficient instrument for reducing emissions is often highlighted, but the equity story is also of importance. This paper addresses the question of the distributional burden of a carbon tax across different income groups and the role played by income inequality.

Climate and disaster risk insurance in low income countries: Reflections on the importance of indicators and frameworks for monitoring performance and impact

How to effectively monitor and evaluate the use of climate and disaster risk insurance remains unclear. This paper reviews how these instruments are currently evaluated and finds a need for transparent monitoring and evaluation frameworks to enable greater scrutiny and to assist those funding, demanding or supplying insurance, with evidence from India and Africa.

Trust, happiness, and pro-social behavior

Cooperative behavior is essential for societies to thrive and for humanity to address local and global social dilemmas. This paper combines several large-scale surveys with different strategies for identifying trust, to shed new light on the determinants of cooperative behavior, including that needed to advance progress on climate change mitigation.

Trust, temperature fluctuations, and asylum applications

This paper studies the relationship between generalised trust in other members in society, temperature fluctuations during the maize growing season, and international migration by asylum seekers, asking whether trust mitigates or increases the impact of climate change on migration.

Emissions trading with transaction costs

The authors of this paper develop a theoretical model of emissions trading in the presence of transaction costs, calibrating the model to annual transactions and compliance data in the European Union emissions trading scheme over its second phase.