An overriding challenge for many European governments and policy-makers is to reduce major fiscal deficits with the least collateral damage to their economy. This paper aims to clarify the … read more »
Abstract of Working Paper 104 Information can play a hugely important role in the governance of corporate behaviour. The provision of reliable information on the financial performance of firms underpins the operation of financial markets, and the provision of information on the environmental performance of firms has enabled both ‘governance from the inside’ (through corporations […]
Gouldson, A., and Sullivan, R. 2012. Climate Change and the Crisis of Capitalism (Pelling, M., Manuel-Navarrete, D., and Redclift, M. [eds.]), Routledge, Abingdon, pp. 114-125.
When industry compensation is offered to prevent relocation of regulated firms, efficiency requires that payments be distributed across firms so as to equalise marginal relocation probabilities, … read more »
This paper investigates the extent to which ‘advanced’ knowledge and technology played a role in the SO2 compliance process in electric power plants under the US SO2 cap and … read more »
This note considers the treatment of risk and uncertainty in the recently established ‘social cost of carbon’ (SCC) for analysis of federal regulations in the United States. It argues … read more »
Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which … read more »
This paper was updated in February 2013 This paper investigates the impact of the EU Emissions Trading Scheme (EU ETS)on technological change. We exploit installations-level inclusion … read more »
Market mechanisms are increasingly being used as a tool for allocating somewhat scarce but unpriced rights and resources, and the European Emission Trading Scheme is an example. By means … read more »
In principle, linking emission trading schemes would favour the depletion of low-cost abatement opportunities that are geographically spread over the globe. However, this would only be possible if the … read more »
