The environment is an asset that provides essential services. Like any other asset, its services will diminish as it depreciates. The environmentally sustainable income of a nation depends on a sustained flow of these services, and can be estimated by including the environment in a macroeconomic...

Worldwide urban population is on the rise putting pressure on the basic energy needs. The administrators of leading cities have been trying to improve the energy efficiency, yet the demand continues to grow. Providing an acceptable of life quality of life is becoming a major challenge, not to...

Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&D-based endogenous growth model with exhaustible...

The agri-food sector is the world's largest economic sector having the biggest impact on environment. According to the Food and Agriculture Organization of the United Nations (FAO), sustainable agriculture must meet the needs of present and future generations while ensuring profitability,...

Efforts to address the sustainability crisis, especially in the U.S., have made important strides over the last twenty-five years, and continue to evolve. Yet, current sustainability discourse and practice reveal some challenges, risks and emerging needs. In particular, the modern sustainability...

Traditional resource economics has been criticised for assuming too high elasticities of substitution, not observing material balance principles and relying too much on planner solutions to obtain long-term growth. By analysing a multi-sector R&D-based endogenous growth model with exhaustible...

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,...

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...