This report offers a comprehensive analysis of a suite of climate policy initiatives associated with a cap and trade program with the goal of identifying those empirical and design issues that most influence the economic consequences of their enactment. Empirically, present-value policy costs heavily depend on the actual outcomes of household consumption-saving and labor-leisure decisions, the magnitudes of and any induced changes in sectoral demand elasticities and technological trends, and the resulting time paths of permit prices and market interest rates.

Virtually every aspect of economic activity results in greenhouse gas emissions, so meaningful climate policies will need to alter the fossil fuel foundation of economies over the long term. Climate change policy will likely cost more, benefit more, and require more changes in behavior by firms and individuals than any other environmental policy. The magnitude of this challenge has drawn attention to the potential use of market-based or economic-incentive instruments

Live-stock sector has recorded an upsurge in generating income in agriculture sector during last one and a half decades in Pakistan. The share of livestock sector in agriculture income has increased from 29.8 per cent in 1990-91 to 49.6 percent in 2005-06 and its share in export-related earning has been recorded at 10 percent, says a survey report 2005-06 of State Bank of Pakistan (SBP).

The objective of this report is to illustrate insights into alternative policy options and the potential impact nationally and explicitly at the state level associated with a modest GHG control policy. Differences in the structure of the economy across the United States are likely to cause these impacts to diverge from those estimated for the country as a whole.

There is now clear scientific evidence that emissions from economic activity, particularly the burning of fossil fuels for energy, are causing changes to the Earth's climate. A sound understanding of the economics of climate change is needed in order to underpin an effective global response to this challenge. The Stern Review is an independent, rigorous and comprehensive analysis of the economic aspects of this crucial issue.

Time was when climate change was a debate among scientists. Now, economists are looking at its costs. There is a warning or two for India. It has to do with the monsoon and the glaciers that feed Himalayan rivers. While the monsoon's behaviour is ch

15 Aug 2009

At l’aquila in Italy, during a meeting of the world’s major boys and girls, India agreed to cap its carbon emissions. The agreement proclaimed the signatory countries would work together to limit global temperature rise to 2ºC from pre-industrial time. It was as if they were writing off bad debt.

15 Jan 2008

The road to next climate negotiation turns hostile as some developing nations are upgraded.