A growing body of evidence suggests that approaches to address the risk of leakage have not performed as intended, however, causing regulatory capture, perverse incentives, and windfall profits.

The relationship between trade policy and climate policy needs to improve in the future, in particular with a view towards implementing the Paris Agreement.

Climate change has been widely recognized as a political priority by the international community. Views differ widely, however, about the right way to shape an international response. Closely related is the question of the right institutions to drive international climate cooperation.

Climate Change and Energy Security: Lessons Learned delivers some extremely valuable insights into the respective debates on both sides of the Atlantic. Joe Aldy, Camilla Bausch, and Michael Mehling shed light on the experiences Germany and the United States have had in these important issue areas over the course