This paper analyzes the causal effect of exposure to uncensored environmental reporting on individuals' environmental preferences and pro-environmental behavior. We exploit a natural experiment occurring in the German Democratic Republic, where geographic characteristics determined access to...

This study investigates the relationship between green finance and environmental sustainability, with particular attention towards how these dynamics foster green economic growth within BRICS economies. Using a balanced panel dataset spanning 25 years, the research employs the Method of Moments...

The Vjosa River Basin, located in the heart of the Balkans, is one of Europe's last free-flowing wild rivers comprising a large number of pristine habitat types with a wealth of biodiversity. Widespread degradation of the forest ecosystem and unsustainable land use due to logging and livestock...

This paper has explored heterogeneous individual valuations of an important amenity, climate mildness, using a traditional Rosen-Roback empirical framework. It does so by including interaction terms between the amenity and worker characteristics in an hedonic wage regression that also include a...

We develop a unified cost-benefit framework that allows for a better understanding of nature conservation and climate policies under risk and uncertainty. We derive modified Hotelling rules from a social planner’s welfare optimization. They reveal four forces that jointly determine market...

Climate change stands as one of the most formidable challenges in the twenty-first century. Despite this, our understanding of the unfolding and interconnection of climate-related physical and transitional risks, and their implications for socioeconomic dynamics along various transition...

This report aims to highlight opportunities for developing ecosystem-linked insurance - that is, insurance that integrates the effect of ecosystems in products covering coastal hazards. These products can provide funds for ecosystem restoration after a disaster occurs. This report points to...

The Blue Solutions for Africa series of operational briefs captures how a thriving Blue Economy can help African countries better manage the development challenges they face while supporting economic growth, sustainable livelihoods, and the health of these precious ecosystems

Within a two-country model, this paper identifies a novel emission leakage channel that is caused by moral behavior of (atomistic) consumers. In a non-cooperative emission tax game between the countries, the leakage effect lowers the governments’ marginal benefit of emission taxation, so...

Consumers increasingly care about the environmental quality of the goods they consume. However, limited attention impairs consumers' ability to compare and evaluate the environmental quality of goods. I show that investments in environmental quality, consumer surplus, producer surplus, and...

Voluntary sustainability standards (VSS) have gained prominence in the agri-food sector as marketbased tools to address environmental and social concerns in global supply chains. While third-party certifications like Rainforest Alliance and Fairtrade have been extensively studied, company-led...

This study explores the pivotal role of theories of economics in shaping the multifaceted concept of sustainable development and integrates economic, social, and environmental dimensions. It traces the intellectual trajectory of classical, neoclassical, and contemporary economic paradigms,...

This paper examines how the fragmentation of production across Global Value Chains (GVCs) generates both economic and environmental inequalities. Building on the "smile curve" framework (Mudambi, 2008; Meng et al., 2020), we show that developing countries specialize in low-value-added, high-emission...

This research examines how energy efficiency measures impact macroeconomic results and solves an important research deficiency. An analysis of how energy efficiency policies impact macroeconomic dynamics occurs through agent-based modeling (ABM). This research evaluates two approaches to...

This article explores the career of American economist Robert Dorfman (1916-2002), that can be divided into three distinct phases. During the first phase (1938-1958), he made contributions to mathematical programming and statistics. The clarity of his work was particularly emphasized by his...

The Paris Agreement mandated high-greenhouse-emitting countries implement carbon pricing to accelerate emission reduction to cope with environmental challenges posed by climate change. We emphasized a research analysis of the reciprocal feedback mechanism between micro- and macro-economic...

"This newly and fully revised fifth edition explores the two opposing paradigms of sustainability in an insightful and accessible way. Eric Neumayer contends that central to the debate on sustainable development is the question of whether natural capital can be substituted by other forms of...

This paper examines two literatures that try to understand the biophysical constraints placed on the economy and economic growth. Firstly, exergy economics uses the second law of thermodynamics to examine the aggregate exergy conversion process to the useful stage. This shows the dependency of...

What is the environmental impact of exports? Focusing on 2000-20, this paper combines customs, administrative, and census microdata to estimate employment elasticities with respect to exports. The findings show that municipalities that faced increased exports experienced faster growth in formal...