Carbon Border Adjustment Mechanism (CBAM)
The carbon border adjustment mechanism charges imports the EU carbon price to stop carbon leakage, blurring the line between credible...
Climate Policy
Hotelling Rule: Pricing Non-Renewable Resources Over Time
The Hotelling Rule states that the net price of an exhaustible resource must rise at the real interest rate, the...
Jevons Paradox Economics: Why Energy Efficiency Doesn’t Always Save Energy
Jevons Paradox economics explains why efficiency gains lower the implicit price of energy services, triggering demand responses that can offset...
Central Banks Climate Change: Should Monetary Policy Go Green?
Central banks climate change policy now divides the ECB, BoE, and Fed on whether monetary tools should support the green...
Green Macroeconomics: How Climate Policy Is Reshaping Fiscal and Monetary Frameworks
Green macroeconomics studies how climate policy reshapes fiscal rules, monetary frameworks, bond markets, and growth models, with carbon pricing, green...