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After 30 years of reform and opening, China has become the world's second largest economy. However, the fast growth has come at the high cost of environmental degradation and resource consumption. The existing resource reserves and environment will not able to sustain the rapid economic...
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between the predictions provided by theory and the corresponding outcomes in practice. In particular, the author challenges … the theory behind Payments for Environmental Services (PES), a concept derived from neoclassical welfare economics, by …", Oxford University Press 2011) "Philipp Aerni offers a most useful critical assessment of the theory and practice of payments …
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