The climate change issue is a policy concern that falls within the broader issue of sustainable development. Sustainable development means different things to different people. Green economists argue that sustainable development involves the adequate provisioning for people everywhere, of other...

It is generally believed that when a resource becomes increasingly scarce, a shadow is automatically cast in the form of a higher market price. The higher price induces substitution towards more abundant resources and the development of resource-saving technological progress. A growing number of...

It is generally believed that when a resource becomes increasingly scarce, a shadow is automatically cast in the form of a higher market price. The higher price induces substitution towards more abundant resources and the development of resource-saving technological progress. A growing number of...