Market mechanisms are increasingly being considered as a tool for allocating somewhat scarce but unpriced rights and resources, such as air and water. Tradable permits have emerged as the most cost--effective measure leading to the emergence of both nationwide (SO2) and supranational (CO2) emission permits markets. By means of the dynamic optimization of companies which are covered by such environmental regulations, it develop an endogenous model for the emission permit spot price dynamics that account also for the presence of asymmetric information.

Common to many proposals addressing climate change is a cap on carbon emissions or carbon content of fuels. A cap will generate a market value for carbon. A key issue is who will receive this value.

This report showing how setting up a domestic emissions trading scheme (ETS) could turn Japan into a credible leader in the global fight against climate change and bring massive benefits for the country's flagging economy.

This publication provides stimulating analysis on future scenarios of energy use, which focus on a range of technologies that are expected to emerge in the coming years and decades.There is now universal recognition of the fact that new technologies and much greater use of some that already exist provide the most hopeful prospects for mitigation of emissions of GHGs.

This book shows how various levels of society can work towards climate neutrality. Written and reviewed by experts from many disciplines and various countries, the book is aimed at a broad audience, with solutions for individuals, small and large businesses, NGOs, international organizations, cities and countries.

Energy efficiency improvement is a basic, yet significant, way of addressing both energy security and environment concerns. There are various measures of industrial energy efficiency performance, with different purposes and applications. This paper explores different measures of energy efficiency performance: absolute energy consumption, energy intensity, diffusion of specific energy-saving technology and thermal efficiency. It discusses their advantages and disadvantages and their roles within policy frameworks.