Nowadays, it is commonplace to claim that the economy overuses our limited material and energy resources and that this overuse threatens both human society and the biosphere. Other than anti-science cranks, the only ones who seem to deny this claim are mainstream economists. In our view, though,...

In recent years the role of transport infrastructure in energy markets has become a flashpoint for legal conflict. On one hand, the world is experiencing an unprecedented build-out all kinds of energy transport: oil and gas pipelines, liquefied natural gas projects, power transmission, and port...

Resource abundance characterizes economies within the MENA region from North Africa to the Middle East. As such, to improve financial development (FD) for regional economic sustainability, this study provides a comprehensive analysis of the roles of natural resources abundance and institutional...

This study analyses the diffusion of renewable energy (RE) technologies. It analyses the transition dynamics as the sector broadens its energy mix and changes its capital stock. This shift is found to be desirable from an environmental, geopolitical and economic perspective. Yet, it greatly...

In this paper, we present a simple overlapping-generations model with human capital, pollution, and political corruption to consider problems related to sustainable growth. In many growth models that incorporate the environment, it is assumed that there exists an altruistic government that...

Meeting the temperature goals of the Paris Agreement requires a transformational change in our infrastructure systems. Given the long lifetime of infrastructure, there is an urgency to build more of the right type of it. The failure to do so will lock-in emissions for decades to come, or create...

The LA Times called the bluff: William D. Nordhaus won the Nobel prize in economics for a climate model that minimized the cost of rising global temperatures and undermined the need for urgent action. Unfortunately, though, the article missed the nugget in the racket.

This working paper reflects on the outcomes of the 2015 agreements on development and environment including the Sendai Framework, the Addis Ababa Action Agenda, the 2030 Agenda and the Sustainable Development Goals, and the Paris Agreement. It identifies common themes emerging from the...

Continuous economic development of the European Union countries has reached a stage in which both intra- and inter-state cooperation together with the interaction of economic actors, have become biggest strength. The present paper analyze the level of cooperation between European Union countries...

Following a court decision on July 10, 2020, the Turkish authorities revoked the status of Istanbul's 6th century iconic cathedral, the Hagia Sophia, turning the building from a museum into a mosque. Hagia Sophia is a historic site on UNESCO's World Heritage List that has served as a Roman...