This study estimates the economic value of seven land based ecosystem services for mainland Portugal in 2018. The estimated services are Climate Regulation, Drought Regulation, Erosion Prevention, using the market price methodology, and Food Supply, Pollination, Recreation and Water Purification...

In order to facilitate constructive deliberation about macroeconomic policy models, I derive a list of ‘sustainability features’ that such models would ideally incorporate or reflect. Because besides working towards specific policy goals, policy makers are also required to contribute to the...

With a transformational shift in sustainable finance in the last few years owing to the seriousness of climate change, we are seeing a rise in carbon markets and green finance instruments globally. As more sovereigns and companies look to carbon offset mechanisms and carbon credit markets to...

This review provides an overview of the field of ecological economics, which seeks to integrate ecological principles and tools into economic analysis. It examines the foundational work of Georgescu-Roegen and Passet, as well as the concept of maximum sustainable yield, to understand the economy...

Carbon leakage occurs when carbon-priced low-emission domestic products are replaced with high-emissions foreign products. In a trade model with endogenous emissions abatement, we investigate the impact of three policies aimed at mitigating carbon leakage: free emission allowances, Carbon Border...

In diesem Beitrag stellen wir einen Weg vor, der es erlaubt, grundsätzliche Aussagen darüber zu treffen, dass wirtschaftliches Handeln schädliche Auswirkungen auf die Umwelt mit sich bringt. Diese Auswirkungen sind naturwissenschaftlich bedingt und treten insbesondere in der...