In addition to being characterised by the rapid population growth, the cities have long represented the centres of knowledge and the sources of growth and innovation, with unique cultural and architectural features, offering exceptional capacity for economic development. The cities are linked to...

Physically, pollution occurs because it is virtually impossible to have a productive process that involves no waste; economically, pollution occurs because polluting is less expensive than operating cleanly. This chapter explores the sources and consequences of, and remedies for, pollution and...

The economic prescription for climate change is clear: price carbon dioxide (CO2) and other greenhouse gas emissions to internalize climate damages. In practice, a variety of political economy constraints prevent the introduction of a carbon price equal to the full social cost of emissions. This...