This research builds a dynamic model of the global economy and climate with three endogenous knowledge stocks. We confirm that the contribution of induced R&D in global climate change is shown to be very sensitive to the elasticity of substitution between energy and other factors of production...

Environment policy is a crucial part of social policy. The problems involved can be solved only if all act in unison and in close international coordination. A progressive environment policy must comprise all the planning and defensive measures required to safeguard the environment.