NATURAL RESOURCE MANAGEMENT
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Harvard Business School students Michael Matly and Laura Dillon examine Dubai's development strategies.
Annual Report Chapter
The authors investigate a central issue in the climate change debate associated with the Kyoto Protocol: the likely performance of international greenhouse gas trading mechanisms. Virtually all design studies and many projections of the costs of meeting the Kyoto targets have assumed that an international trading program can be established that minimizes the costs of meeting overall goals. This conclusion rests on several simplifying assumptions. The authors focus on one important issue that has received little, if any, attention: the interation between an international trading regime and a heterogeneous set of domestic greenhouse policy instruments. This is an important issue because the Protocol explicitly provides for domestic sovereignty reagrding instrument choice, and because it is unlikely that most countries will choose tradeable permits as their primary domestic vehicle.
Any serious attempt to address the global climate change problem must involve the diffusion of energy-efficient technologies into the industrial sector of countries critical to future global emissions. China is expected to be the largest emitter of greenhouse gas emissions by early next century due to its high economic growth and reliance on coal. Although the diffusion of energy-efficient technologies in China has increased since the start of market reforms in 1978, much improvement is still needed.
Journal Article, Journal of Evolutionary Economics, issue 1/2, volume 10
By F.M. Scherer, Professor of Public Policy and Corporate Management in the Aetna Chair, Emeritus
Journal Article, Tropinet, issue 4, volume 6