Agriculture uses more land and water than any other human activity, and our consumption demands continue to grow even as our resource base shrinks. A highly industrialized U.S. food system produces lots of food at seemingly low per unit cost. But our current system is taking a heavy toll on...

Environmental tax rhetoric in the Estonian policy discussion leads to a dilemma. Policy makers want to increase environmental charges for budgetary reasons and at the same time achieve environmental goals. The article examines the empirics of this issue, i.e. whether pollution charges have been...

The purpose of this paper is to assess the impact of earmarking on central government environment protection expenditure. Since central government spending for the environment relies on earmarked revenues, which is not the case of the local government, it is expected that central government...

We reformulate the Verhulst-Lotka-Volterra model of natural resource extraction under the alternative assumptions of Cournot behaviour and perfect competition, to revisit the tragedy of commons vs the possibility of sustainable harvesting. We stress the different impact of demand elasticity on...

Most currently employed Integrated Assessment Models are of a dynastic nature, commonly assuming a fixed relation between pure time preference, economic growth and interest rate. This rigid relation has led to much debate on which level of discounting to adopt. Especially the quantitative...

The bio-economy is gaining increasing prominence in the policy debate, with several countries developing bio-economy strategies to decouple economic growth from dependence on fossil fuel, as well a pathway to supporting some of the UN Sustainable Development Goals (SDGs) and commitments under...