Every week, the media report stories of environmental destruction. Most of this destruction has been caused either directly or indirectly by economic activity. While the media attention mainly focuses on climate change, serious issues are also emerging regarding the availability of fresh water,...

This paper provides a model-based macroeconomic assessment of First-Mover Advantage (FMA) in environmental technologies, in which a European sector becomes world leader and captures the global market for a particular technology. The E3MG model is used to assess a set of scenarios where the FMA...