This paper describes a new model, Climate and Regional Economics of Development (CRED), which is designed to analyze the economics of climate and development choices. Its principal innovations are the treatment of global equity, calculation of the optimum interregional flows of resources, and...

This book spells out, in more detail than usual, what can and should be done to avert the real risks of disaster. It summons us to an endeavour worthy of the resources and ingenuity of the twenty-first century - towards bold initiatives with big costs, and much bigger benefits. It explores the...

Market based policies are fast becoming the recommended policy panacea for all the world’s environmental problems. Implicit in such recommendations is the theory that free markets, adjusted for externalities, can always create an “efficient” allocation of society’s resources. As a...