The United Nations Framework Convention on Climate Change’s (UNFCCC) strategy for global carbon emissions reduction has undergone a sea change since the 2015 Paris Agreement. While the earlier dispensation of the Kyoto Protocol with a commitment period from 2008 to 2020 mandated only the Annex-1 or developed countries to reduce their emissions as per the...Read More

In a recently published working paper, the European Central Bank undertakes a detailed exploration of policy measures crafted to incentivize corporations to reduce their carbon emissions. Authored by Maria Cecilia Bustamante and Francesca Zucchi, the paper, titled “Dynamic Carbon Emission Management,” stands as a comprehensive model aimed at dissecting and comprehending how firms respond to...Read More