Sustainable growth requires a long-term focus

Pascal Lamy, Ian Goldin, 28 March 2014

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Just when we thought high-frequency trading couldn’t get any faster, a US communications company is developing a high-speed laser network between the New Jersey data centres of the New York Stock Exchange and the NASDAQ stock exchange, to shave an additional few nanoseconds off high-frequency trading times.

Topics: Environment, Financial markets, Global crisis, International trade
Tags: climate change, corporate governance, environment, global crisis, growth, high-frequency trading, mark-to-market accounting, short-termism, trade

Nuclear expansion or phase-out? Costs and opportunities

Enrica De Cian, Samuel Carrara, Massimo Tavoni, 22 December 2013

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"We learned from Fukushima that we have to deal differently with risks… We believe we as a country can be a trailblazer for a new age of renewable energy sources… We can be the first major industrialized country that achieves the transition to renewable energy with all the opportunities – for exports, development, technology, jobs – it carri

Topics: Energy, Environment
Tags: carbon pricing, climate change, climate policy, energy, energy mix, environment, nuclear power, R&D

California energy efficiency: Lessons for the rest of the world, or not?

Arik Levinson, 9 August 2013

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Energy-efficiency standards for buildings and appliances and vehicles appear to be a central component of climate policy in the US.

Topics: Environment
Tags: climate change, energy efficiency, US

Facing up to uncertainty in climate-change economics

Geoffrey Heal, Antony Millner, 13 June 2013

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Uncertainty is intrinsic in climate change economics. We know that increases in greenhouse gas concentrations are causing shifts in the climate, but not precisely how large these shifts will be, nor when and where they will occur. Neither do we understand fully the social and economic consequences of these changes, or the options that will be available for coping with them in the future.

Topics: Environment
Tags: climate change, uncertainty

Four changes to trade rules to facilitate climate change action

Aaditya Mattoo, Arvind Subramanian, 4 May 2013

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The research on the links between trade rules and climate-change action has mostly been concerned with how far climate-change action is constrained by current trade rules pertaining, for example, to border-tax adjustments (Horn and Mavroidis 2011), subsidies (Green 2006) and exports of natural gas (Levi 2012 and Hufbauer et al. 2013).

Topics: Energy, Environment
Tags: adaptation, climate change, technology

Geoengineering and abatement: A ‘flat’ relationship under uncertainty

Johannes Emmerling, Massimo Tavoni, 17 April 2013

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The slow progress in climate-change mitigation policies aimed at reducing greenhouse-gas emissions has fuelled the discussion about alternative policy options in order to cope with the impacts from climate change. The better known one is adaptation, but most recently ‘climate geoengineering’ has begun to attract increasing attention.

Topics: Environment
Tags: climate change, geoengineering

The sordid history of Congressional acceptance and rejection of cap-and-trade: Implications for climate policy

Richard Schmalensee, Robert N. Stavins, 7 March 2013

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In both his second inaugural and his fifth state of the union addresses this year, President Obama renewed his commitment to address the risk of global climate change, due to increased concentrations of greenhouse gases in the atmosphere, largely (but not exclusively) a consequence of carbon dioxide (CO2) emissions linked with burning fossil fuels to generate energy.

Topics: Energy, Environment
Tags: Cap-and-trade, climate change, US

Moving to Greenland in the face of global warming

Klaus Desmet, Esteban Rossi-Hansberg , 16 January 2013

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If populations don’t move, global warming is likely to have disastrous consequences.

Topics: Environment, Migration
Tags: climate change, migration, trade

Imperfect climate policy unlikely to increase domestic emissions

Corrado Di Maria, Ian Lange, Edwin van der Werf, 6 January 2013

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Current implemented policies aimed at reducing greenhouse gas (GHG) emissions are far from perfect and leave owners of stocks of fossil fuels ample scope to increase current (as opposed to future) extraction. Some economists and policymakers fear that emission reduction policies may thereby induce an increase rather than a decrease in COemissions.

Topics: Environment
Tags: climate change, greenhouse gas emissions

Why do we see unilateral action on climate change?

Simon Dietz, Carmen Marchiori, Alessandro Tavoni, 5 December 2012

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Countries have been negotiating on climate change for about 23 years, and talking about it for even longer. In that time, steps have certainly been taken: a range of institutions have been created, from a UN convention to elements of a global market for CO2 emissions reductions.

Topics: Energy, Environment
Tags: climate change, international treaty, UNFCCC

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