How was the birth of "Environmental Economics" related to the first Earth Day fifty years ago (April 22, 1970)? This short note introduces some ideas about an amazing burst of intellectual activity from 1968 to 1974. Environmental economics was not a field of economics before this brief period,...

The paper aims to substantiate the importance of endogenous innovations when evaluating the compatibility of natural resource use and economic development. It explains that technological change has the potential to compensate for natural resource scarcity, diminishing returns to capital, poor...

Using a dynamic model with non-renewable natural resources and endogenous knowledge creation, the paper analyses economic development under conditions which are generally considered as most unfavourable. We assume poor substitution between primary input factors, positive population growth and a...

A situation is analysed in which two countries negotiate the financing of the incremental costs which accrue if one of them switches from a non-sustainable onto a sustainable development path. The other country's incentive to pay arises as it benefits from the developing country's environmental...

This paper offers a brief intuitive explanation of the effect of omitting the form of government might have on the turning point in estimated environmental Kuznets curves. Relevant literature on this subject is then surveyed and a preliminary model of pollution control and public goods provision...

This is motivated by the need to include issues of risk, uncertainty, irreversibility, learning and catastrophe in analyses of climate change, particularly integrated assessment models used to investigate limate change policy.

This paper considers the case of Bayesian learning about the relationship between the greenhouse-gas level and temperature rise. Learning takes time because of a stochastic shock to the realized global mean temperature. The paper illustrates the difficulty of quickly learning about the...

A standard assumption in computational models of climate change (integrated assessment models) is that population and technology are growing, but at a decreasing rate. We explore the significance of the assumption of population and technology growth for greenhouse gas control levels.

This paper illustrates the major issues influencing interaction between environmental regulation and international trade by reviewing the empirical studies and theoretical results of the last 20 years. The second section of the paper discusses how environmental regulation distorts comparative...