The global energy landscape is undergoing a major transformation, upending decades of economic thinking built around resource scarcity. Unlike fossil fuels – continuously extracted from finite, geographically fixed deposits – renewable energy revolves around manufacturing technology that...

Many developing countries depend crucially on open-access renewable natural resources (NR). Trade is generally viewed as hurting the long-term health of NR in commodity-exporting countries. I examine whether trade might be beneficial in the case of population growth. Dynamic general equilibrium...

In this research, the intertemporal optimal management of subsidies offered by the environmental regulator and the dynamic conflict between two groups of economic agents involved in environmental quality are discussed. First the environmental model is examined in its optimal control management...

On the way to complying with the 2015 Paris agreements regarding climate change, there are notable differences between the positions of the countries. Even considering the same geographical area such as Europe, the existence of a supranational environmental policy, assumed by the 27 European...

Many developing countries depend crucially on open-access renewable natural resources (NR). Trade is generally viewed as hurting the long-term health of NR in commodity-exporting countries. I examine whether trade might be beneficial in the case of population growth. Dynamic general equilibrium...

The consecutive rises in the consumption of energy to attain economic growth have accelerated the extraction of natural resources, which have substantiated investments in green technology to pivot sustained economic growth. Therefore, the roles of natural resources (NRs) and renewable energy...

Robert S. Pindyck has made significant contributions to a wide and diverse range of economic literatures; summarizing them is challenging. To keep the length of this review manageable, I confine my discussion to four areas in which his contributions have been particularly notable: (i) economic...

Energy is an indubitable imperative for economic development, yet it also generates CO2 emissions, which are the leading cause of climate change and environmental deterioration. Renewable energy can stimulate economic growth and can help to achieve economic and environmental sustainability. This...

Across many developing nations, such as Rwanda, the absence of electricity has significantly reduced the economic impact of rural communities. A common practice in some locations is to process farm products using locally fabricated machines, which diminishes the quality and quantity of...

The widespread consumer adoption of low-carbon technologies (LCTs) is a cornerstone of net zero targets worldwide, however LCTs may not be equally distributed across socioeconomic characteristics. Our paper contributes to the literature by exploring socioeconomic inequality in LCT adoption and...

To address global climate change, many countries are reducing CO2 emissions and replacing conventional energy resources with alternative ones. When developing national energy plans, it is essential to investigate public perspectives on the relationship between renewable and other energy...

Renewable resources are affected by both environmental variability, which makes the year-to-year stock growth uncertain, and the risk of irreversible events (e.g., a stock collapse). Little is known about how a renewable resource harvester would optimally respond to the combined effects of both...

Mit den politischen Konzepten der nachhaltigen Bioökonomie ist die Hoffnung auf Wirtschaftsformen verbunden, die zirkulär produzieren, erneuerbare Ressourcen nutzen sowie sozial gerechtere Zugänge zu Ressourcen ermöglichen. Die Diskurse zu solchen Konzepten zeigen vorhandene und neu...

We examine a game of harvesting a renewable common resource and investigate the ramifications of competition. We formulate the problem as an impulse control game between two competing harvesters and devise a new formulation of closed-loop impulse control strategies. In the case of non-zero setup...

Problem definition: We consider a production system where a certain resource is used as the key raw material. The firm needs to decide the production quantity in each period facing stochastic demand and subject to the resource capacity constraint. The resource is self-renewable, and the growth...

Fishery managers face an ongoing challenge in managing commercial fisheries in a way which enables the short-term delivery of economic benefits to commercial fishers while also ensuring those benefits do not compromise the ability of fish stocks to deliver benefits into the future. This...

Based on data for 48 African countries for the period 2000-2020, we analyse the effects of natural resources on renewable energy development and the mediating effects of governance on that relationship. For this purpose, the Ordinary Least Squares method was used to develop a baseline regression...

This study determined the influence of renewable energy and natural resources on carbon emissions by paying special attention to the transboundary trade relationship between South East Asian (SEA) economies. To highlight the importance of international trade relationships among the SEA...

Renewable energy development can enable climate-compatible growth in low- and middle-income countries, particularly given the substantial opportunities for energy export to high-income countries seeking to decarbonise their energy systems. However, this also comes with significant risks,...

We analyze welfare effects of trade in open-access renewable resources, which is induced by consumer love of variety in resource consumption. We consider two countries that are heterogeneous in incomes - high and low - and symmetric otherwise. We show that increasing trade freeness benefits the...

Carbon capture and storage (CCS) seems an appealing option to meet the ambitious objectives of the Paris Agreement. Captured CO2 emissions can also be injected in active fields to enhance recovery: Carbon capture and utilization (CCU). We study a dynamic model of CCS and CCU of an economy...