This paper addresses the issue of environmental policy instrument choice for achieving deep emission reductions in the industrial sector. Specifically, it provides: (a) a theoretical and empirical review of the conditions under which performance standards can provide efficient incentives for...

In this article we estimate the long-run development of genuine savings in Sweden during the period 1850 to 2000. By doing so we are able to present a first analysis of long-run sustainable development during a single country's transition to modern economic growth rates and high income levels....