Showing 1 - 10 of 2,212
This paper examines implications of limits to substitution for estimating substitutability between ecosystem services and manufactured goods and for social discounting. Based on a model that accounts for a subsistence requirement in the consumption of ecosystem services, we provide empirical...
Persistent link: https://www.econbiz.de/10011446656
Nature conservation scientists and practitioners have voiced the concern that a conservation discourse based on economic arguments and monetary valuation may undermine conservation efforts by eroding ("crowding out") the influence of other arguments for nature conservation. This paper presents...
Persistent link: https://www.econbiz.de/10011279993
sustainability-focused wealth accounts. Typical bookend assumptions of the social planner optimally managing natural capital versus …
Persistent link: https://www.econbiz.de/10014023894
Man’s history and developmental endeavour have been advancing alongside a trail of ecological ramifications and climate change. Since prehistoric times, scientists have not recorded an accelerated shift in ecology during any other epoch beside that of modern man on the planet. The paper seeks...
Persistent link: https://www.econbiz.de/10014262994
Understanding what influences the value of nature is crucial for informing environmental policy. From a sustainability …
Persistent link: https://www.econbiz.de/10011753358
-efficiency across generations and sustainability, i.e. non-decreasing utility over time. Our model includes two salient characteristics … of sustainability problems and policy: (i) temporal irreversibility, i.e. the inability to re- vise one’s past actions …”. If initially unforeseen sustainability problems become apparent and policy is enacted after irreversible ac- tions were …
Persistent link: https://www.econbiz.de/10008907720
This paper investigates the effect of institutional quality on sustainable development.Institutional quality is assumed to determine the (perceived) risk in the face of which oil and mining firms determine their level of investment in physical and natural capital. Since these two types of...
Persistent link: https://www.econbiz.de/10011419424
The green bond market has grown rapidly since its inception in 2007. Climate-aligned standards provide investors with the confidence that their investments deliver a measurable climate benefit. Serving as a benchmark, these standards demonstrate alignment with the Paris Agreement, against which...
Persistent link: https://www.econbiz.de/10012824116
This study configures a sustainability transformation model for financial institutions considering the EU and German … sustainability perspectives. The study zooms in on sustainability transformation issues deploying Stouten, Rousseau, & Cremer’s Model … sustainability transformation model (STM) and classifying transformation steps in terms of E, S, and G factors. In building step …
Persistent link: https://www.econbiz.de/10013233198
sustainability constraint, that utility should not be expected to decline over time, in an economy with risky investment … opportunities. The sustainability constraint does not distort portfolio choice and implies a consumption-wealth ratio and social …
Persistent link: https://www.econbiz.de/10013236208