Related papers: Natural Capital as a Stock Option
Global warming due to human-made gases, mainly CO2, is already 0.8{\deg}C and deleterious climate impacts are growing worldwide. More warming is 'in the pipeline' because Earth is out of energy balance, with absorbed solar energy exceeding…
Natural capital accounting is important to efforts that attempt to measure the value of nature to decide on how best to trade-off natural resource productive use and conservation. Much work on measuring reciprocal physical stocks and flows…
Depletion of natural and artificial resources is a fundamental problem and a potential cause of economic crises, ecological catastrophes, and death of living organisms. Understanding the depletion process is crucial for its further control…
The Anthropocene is characterized by close interdependencies between the natural Earth system and the human society, posing novel challenges to model development. Here we present a conceptual model describing the long-term coevolution of…
We investigate optimal carbon abatement in a dynamic general equilibrium climate-economy model with endogenous structural change. By differentiating the production of investment from consumption, we show that social cost of carbon can be…
Human activity has an enormous impact on Earth, changing organisms, environments and landscapes, leading to the decline of original ecosystems and irreversible changes that create new combinations of living beings and materials. As a…
The transition from a fossil-based energy economy to one based on renewable energy is driven by the double challenge of climate change and resource depletion. Building a renewable energy infrastructure requires an upfront energy investment…
There are many indicators of energy security. Few measure what really matters -- affordable and reliable energy supply -- and the trade-offs between the two. Reliability is physical, affordability is economic. Russia's latest invasion of…
Climate change is the long-term shift in global weather patterns, largely caused by anthropogenic activity of greenhouse gas emissions. Global climate temperatures have unmistakably risen and naturally occurring climate variability alone…
Many aspects of anthropogenic global change, such as land cover change, biodiversity loss and the intensification of agricultural production, threaten the natural biosphere. These aspects seem somewhat disjunct and specific so that it is…
Energy has always been the driving force in the technological and economic development of societies. The consumption of a significant amount of energy is required to provide basic living conditions of developed countries (heating,…
Along with the accumulation of atmospheric carbon dioxide, the loss of primary forests and other natural ecosystems is a major disruption of the Earth system causing global concern. Quantifying planetary warming from carbon emissions,…
The extinction of species is a core process that affects the diversity of life on Earth. One way of investigating the causes and consequences of extinctions is to build conceptual ecological models, and to use the dynamical outcomes of such…
Planetary life support systems are collapsing due to climate change and the biodiversity crisis. The root cause is the existing consumer economy, coupled with profit maximisation based on ecological and social externalities. Trends can be…
A one-size-fits-all paradigm that only adapts the scale and immediate outcome of climate investment to economic circumstances will provide a short-lived, economically inadequate response to climate issues; given the limited resources…
A successful response to climate change needs vast investments in low-carbon research, energy, and sustainable development. Governments can drive research, provide environmental regulation, and accelerate global development, but the…
Climate change and environmental concerns represent a global crisis accompanied by significant economic challenges. Regular international conferences held to address these issues, such as in the UK (2021) and Egypt (2022), spark debate…
Climate change, which is now considered one of the biggest threats to humanity, is also the reason behind various other environmental concerns. Continued negligence might lead us to an irreparably damaged environment. After the partial…
Unprecedented imbalances and growing human impacts characterize the Anthropocene. It highlights the urgency of better choices, and the perspectives outlined here can inform our decision-making process. The Biocentric-Technological way…
We develop a financial market model in which a large population of firms chooses dynamic emission strategies under climate transition risk, interacting with both environmentally concerned and neutral investors. Firms face a trade-off…