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Introduction The objective of this paper is to provide a brief overview of the economics of resource management and to discuss policy implications. The paper is structured as follows. After a definition of the concepts of "resources" and "sustainability" in Section 2, economic theory is reviewed...
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This report presents an inventory of existing scenarios studies relevant for Europe in the context of sustainable development, including European and global models. It also provides a useful review of a selected number of scenarios and pinpoints their strengths and weaknesses.
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A. Sustainability is a specific term with a specific meaning: it requires avoiding ecological overshoot. B. Overshoot can be measured. And there is evidence that humanity is in overshoot. In fact, most industrialized countries run massive ecological deficits. C. To move out of overshoot,...
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In recent years, the European Commission has continuously developed the tool of cost-benefit analysis to better inform decision-makers in the process of settling on new directives and regulations concerning the environment. However, according to the Terms of Reference of this assignment...
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