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Interpreting sustainability in economic terms : dynamic efficiency plus intergenerational equity

Stavins, Robert N.; Wagner, Alexander F.; Wagner, Gernot - 2002

concept of "sustainability". We relate such a definition of sustainability to well known concepts from neoclassical economics …-temporal realm, we find that dynamic efficiency is a necessary but not sufficient condition for a notion of sustainability that has … normative standing as a goal for public policy. We define sustainability as dynamic efficiency plus intergenerational equity …

Persistent link: https://www.econbiz.de/10011597674

Integrating the value of natural capital in evidence-based policy making

Banerjee, Onil; Vargas, Renato; Cicowiez, Martín - 2020

gain, can have adverse consequences for economic, social, and environmental sustainability in the long run. …

Persistent link: https://www.econbiz.de/10012587530

Building uncertainty into the adaptation cost estimation in integrated assessment models

Markandya, Anil; De Cian, Enrica; Drouet, Laurent; … - 2016

This paper proposes an operationally simple and easily generalizable methodology to incorporate climate change damage uncertainty into Integrated Assessment Models (IAMs). Uncertainty is transformed into a risk-premium, damage-correction, region-specific factor by extracting damage distribution...

Persistent link: https://www.econbiz.de/10011451668

Increasing participation and compliance in international climate change agreements

Barrett, Scott; Stavins, Robert N. - 2002

Scientific and economic consensus increasingly points to the need for a credible and cost-effective approach to address the threat of global climate change, but the Kyoto Protocol to the U.N. Framework Convention on Climate Change appears incapable of inducing significant participation and...

Persistent link: https://www.econbiz.de/10011598221

Thirteen plus one : a comparison of global climate policy architectures

Aldy, Joseph E.; Barrett, Scott; Stavins, Robert N. - 2003

We critically review the Kyoto Protocol and thirteen alternative policy architectures for addressing the threat of global climate change. We employ six criteria to evaluate the policy proposals: environmental outcome, dynamic efficiency, cost effectiveness, equity, flexibility in the presence of...

Persistent link: https://www.econbiz.de/10011591853

Evaluating projects and assessing sustainable development in imperfect economies

Arrow, Kenneth Joseph; Dasgupta, Partha; Mäler, Karl-Göran - 2003

We are interested in three related questions: (1) How should accounting prices be estimated? (2) How should we evaluate policy change in an imperfect economy? (3) How can we check whether intergenerational well-being will be sustained along a projected economic programme? We do not presume that...

Persistent link: https://www.econbiz.de/10011593029

Uncertainty and stock returns in energy markets: a quantile regression approach

Cedic, Samir; Mahmoud, Alwan; Manera, Matteo; Uddin, … - 2021

The aim of this paper is to analyze the relationship between different types of uncertainty and stock returns of the renewable energy and the oil & gas sectors. We use the quantile regression approach developed by Koenker and d'Orey (1987; 1994) to assess which uncertainties are the potential...

Persistent link: https://www.econbiz.de/10012510024

The value of biodiversity in economic decision making : applying the IEEM+ESM approach to conservation strategies in Colombia

Banerjee, Onil; Cicowiez, Martín; Malek, Žiga; … - 2020

In this paper we evaluate the economic, natural capital and ecosystem services impacts of strategies for conserving Colombias rich natural capital endowment. Specifically, we consider Government program proposals for establishing Payment for Ecosystem Services (PES), implementing more...

Persistent link: https://www.econbiz.de/10012587042

The unilateral implementation of a sustainable growth path with directed technical change

Bijgaart, Inge van den - 2015

We determine the core characteristics of a climate coalition's optimal policies in a dynamic two country directed technical change framework. Unilateral policies alter the structure of production and thereby innovation incentives across countries. Whenever feasible, optimal policies implement...

Persistent link: https://www.econbiz.de/10010485494

Linking heterogeneous climate policies (consistent with the Paris Agreement)

Mehling, Michael A.; Metcalf, Gilbert E.; Stavins, Robert N. - 2017

The Paris Agreement has achieved one of two key necessary conditions for ultimate success - a broad base of participation among the countries of the world. But another key necessary condition has yet to be achieved - adequate collective ambition of the individual nationally determined...

Persistent link: https://www.econbiz.de/10011737584

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