Which countries currently have the productive capabilities to thrive in the green economy? How might countries reorient their existing industrial structures to be more competitive in an environmentally friendly world? To investigate these questions, this paper develops a novel methodology for...

The extent to which natural capital can be substituted with manufactured or human capital in production is a key determinant of the possibility of long-run sustainable economic development. We review empirical literature pertaining to the degree of substitutability between natural capital and...

Renewable natural capital — terrestrial and marine ecosystems, fisheries, biodiversity, and groundwater — is in decline around the world affecting livelihoods of millions of people. Natural capital market design uses economic theory and analysis to develop practical solutions for...