Putting a price on carbon is critical for climate change policy. Increasingly, policy makers combine multiple policy tools to achieve this, for example, by complementing cap-and-trade … read more »
This paper examines the key design mechanisms of existing and proposed cap-and-trade markets. First, it is shown that the hybrid systems under investigation (price floor using a minimum price … read more »
Cameron Hepburn, Sarah Chapman, Baran Doda, Chris Duffy, Samuel Fankhauser, James Rydge, Kathryn Smith, Luca Taschini and Alessandro Vitelli
This article explores the principles that should guide efforts to raise finance for climate action in developing countries. The main conclusions are that:First, there is an … read more »
Putting a price on carbon is critical for climate change policy. Increasingly, policymakers combine multiple policy tools to achieve this, for example by complementing cap-and-trade schemes with a carbon … read more »
This paper reviews fundamental concepts in environmental economics and explores theoretical results regarding the choice of the key policy instruments for the control of externalities: taxes, subsidies and marketable … read more »
Equilibrium models have been proposed in literature with the aim of describing the evolution of the price of emission permits. This paper derives first a reduced-form … read more »
This paper examines the key design mechanisms of existing and proposed cap-and-trade markets. First, it is shown that the hybrid systems under investigation (price floor using a minimum price … read more »
Unlike derivatives of financial contracts, commodity options exhibit distinct particularities owing to physical aspects of the underlying. An adaptation of no-arbitrage pricing to this kind of derivative turns out … read more »
Baker, T.R., Jones, J.P.G., Rendón Thompson, O.R., Cuesta, R.M.R., del Castillo, D., Aguilar, I.C., Torres, J., and Healey, J.R. December 2010. Journal of Applied Ecology, v.47, pp.1159-1165.
