Introduction The objective of this paper is to provide a brief overview of the economics of resource management and to discuss policy implications. The paper is structured as follows. After a definition of the concepts of "resources" and "sustainability" in Section 2, economic theory is reviewed...

This report presents an inventory of existing scenarios studies relevant for Europe in the context of sustainable development, including European and global models. It also provides a useful review of a selected number of scenarios and pinpoints their strengths and weaknesses.

A. Sustainability is a specific term with a specific meaning: it requires avoiding ecological overshoot. B. Overshoot can be measured. And there is evidence that humanity is in overshoot. In fact, most industrialized countries run massive ecological deficits. C. To move out of overshoot,...

The aim of this report is to demonstrate the need to reduce the consumption of natural resources (environmental impacts) in the economy and provide the initial impetus for a new policy to keep the use of natural resources within sustainable limits. (By ‘natural resources’ we mean the global...

Within the EU, the Macaronesian Region consists of three archipelagos: the Azores, Madeira (both belonging to Portugal) and the Canaries (Spain). All are of volcanic origin and this fact is reflected everywhere in the landscape. Large calderas, jagged mountains and vertiginous cliffs contrast...