Underlying the management of revenues from natural resource extraction is a set of assumptions about how abundant and how valuable these resources are. Nevertheless, existing approaches to measuring the value of extractive resources are seriously flawed. This paper proposes two avenues for...

As reporting GHG emissions becomes mandatory in the financial sector, the methods by which emissions are calculated will grow in importance for their impact on the resulting metric. Progress is underway in both the public and private financial sectors to embed emissions accounting standards, but...

The transition towards a more resource efficient and circular economy has broad linkages with international trade through the emergence of global value chains as well as trade in second-hand goods, end-of-life products, secondary materials and waste. Despite of the potential linkages between...

A more resource efficient and circular economy will help to decouple global economic growth from natural resource use, decrease environmental degradation and improve energy efficiency. Existing circular economy policies have been largely focused at the national level. However, trade policies can...

This paper articulates the necessity of emphasizing the absolute level of environmental degradation in different countries as a guide to understanding the links between such degradation and economic development. We argue the case for developing a composite environmental degradation index (EDI)...

We analyze the role of electricity storage for technological innovations in electricity generation. We propose a directed technological change model of the electricity sector, where innovative firms develop better electricity storage solutions, which affect not only the relative competitiveness...

This paper describes how Natural Capital Accounting (NCA) can be integrated into economy wide analytical frameworks to enhance evidence based decision making. Examples from applications of the Integrated Environmental Economic Modelling (IEEM) Platform show how explicitly accounting for the...

This working paper, part of my Master of Economics and International Business Management, highlights the impacts of environmental changes on society and the multidisciplinary concept of sustainable development. This work focuses on two major actors, financial actors and policy-makers, and their...

Climate disaster events are expected to displace at least 1.2 billion people by 2050. However, “climate refugees,” or individuals displaced in the context of disasters and climate change, lack international legal recognition and protection. In 2020, an international tribunal acknowledged in...