If the United States chooses to implement a greenhouse gas reduction program, it would be necessary to decide whether to include carbon sequestration policies—such as those that promote forestation and discourage deforestation—as part of the domestic portfolio of compliance activities. We investigate the cost of forest-based carbon sequestration by analyzing econometrically micro-data on reveal...

We develop a two-region partial equilibrium model of the global market for liquid fuel and analyze different policies, such as biofuel mandate, emission standard, and fuel carbon tax. We rank these policies under different criteria, such as greenhouse-gas (GHG) emissions, expenditure on fuel imports, the impact on fuel consumers and producers, the quantity of biofuel, etc. Our analysis suggests...

The Croatian electricity demand exceeds domestic production and about 30% of additional power is covered from imports. The Croatian government is planning to add domestic production capacity, using natural gas and coal as the main fuel. Due to the attractive solar irradiation in Croatia, these new projects offer the possibility to build these thermal power plants as hybrid plants by adding sola...