The gap between actual carbon prices and those required to achieve ambitious climate
change mitigation could be closed by enhancing the public acceptability of carbon pricing …

Road transport imposes negative externalities on society. These externalities include
environmental and road damage, accidents, congestion, and oil dependence. The cost of …

With rapid economic growth, China is facing tremendous pressures of emission–reduction
and serious income inequality issues. The existing research is concerned with the …

The paper sets out the credibility problem in carbon policy, provides a number of examples
of non-credibility in recent energy policy, and identifies the costs of failing to address it. The …

In this article the problem of credible commitment in carbon policy is discussed. Investors
favour long-term predictability of the policy, but without any external enforcement …

Pigouvian taxes are efficient—but unpopular among voters—and hence often politically
infeasible. Earmarking of revenues has been widely reported to increase public support for …

Carbon emissions have global consequences. The international community may therefore
wish to intervene when domestic regulation fails. Indeed, free-riding incentives, political …

With the success of the GATT/WTO in reducing conventional tariff barriers, much of the
recent focus of both regional and multilateral trade agreements has switched to nontariff …

This paper develops a new perspective on stranded assets in climate policy using a partial
equilibrium model of the energy sector. Political-economy related aspects are considered in …

Green taxes can internalize environmental externalities and raise revenues. We develop a
positive theory that treats both of these aspects as endogenous outcomes of special-interest …