The concept of environmental capital is thoroughly entrenched in policy discussions but largely missing from mainstream economic curriculums. This article argues environmental externalities, climate change, and constraints on natural resources will constantly and deeply affect humankind's...

In recent years, a large number of papers have explored different attempts to endogenise technical change in climate models. The obvious reason is that technical change is widely considered the main route to achieving a significant reduction in global GHG emissions. This recent literature has...

The concept of environmental capital is thoroughly entrenched in policy dicussions but largely missing from mainstream economic curriculums. This article argues environmental externalities, climate change, and constraints on natural resources will constantly and deeply affect humankind’s...

In this paper we use a simple climate model with endogenous environmental technical change in order to analyse the effects on equity and efficiency of different degrees of restrictions on trade in the market for pollution permits. The model is obtained by incorporating in Nordhaus and Yang...