Sectors subject to international competition still benefit from free allocation of EU Allowances in Phase III of the EU ETS market. A frontier analysis in the steel industry show that most free permits are allocated to most polluting firms. Hence, we highlight that by protecting the EU steelmakers from international competition, free EUAs lead to a trade-off between the EU climate policy and the competition policy.
The article contributes to the literature on the Great Divergence by providing a review of all deep-rooted and proximate causes of economic growth.
Pioneer investigations of the economic consequences of ethnic diversity – a ubiquitous feature of African societies – found a strong and negative correlation. The...
This dissertation offers a transdisciplinary modeling approach to feed the debates raised by the long-run availability of mineral materials. It investigates the plausibility of a depletion threat posed to key metal resources within the current century.