ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book address issues that is global in nature, such as: transboundary pollution, provision of global public goods, individual preferences of inequality-aversion, global cooperation, self-enforcing International Environmental Agreements (IEAs), emission standards, abatement costs, environmental quota, technology agreement and adoption and international institutions. It discusses how performance of IEAs can be improved. In this respect, as a permanent solution to the problem, and talks about alternative but quite radical, expansive and high technology embodied methodologies to control gas emissions such as emission catching methods, pumping carbon emissions underground, carbon capturing and injecting sulphur to the atmosphere. The book focuses on is the presence of foreign penetration, which affects optimal pollution policies. It also focuses on production generated pollution externalities and optimal emission standards in the case of heterogeneous firms as well as heterogeneous countries.
