Since the publication of the Stern Review, economists have started to ask more normative questions about climate change. Should we act now or tomorrow ? What is the best theoretical carbon price to reach long-term abatement targets? How do we discount the long-term costs and benefits of climate...

Environmental challenges, and the potential solutions to address them, have a direct effect on living standards, the organization of economies, major infrastructures, and modes of urbanization. Since the publication of path-breaking contributions on the governance of environmental resources in...