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The economics of sustainable development

How can economists influence policymakers in the international effort to achieve sustainable development and avoid a climate catastrophe? Leon Vinokur investigates

The rate of extraction of non-renewable resources, such as coal, is higher than the rate of formation

Nearly three decades have passed since the historic United Nations conference in Rio de Janeiro, commonly known as the Earth Summit. At the end of this conference an agreement on sustainable development was signed by over 170 countries. This paved the way for setting the future international agenda on environmental protection.

sustainable development, externalities, public goods, market failure, incentives

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Previous

Inflation and deflation: which is worse?

Next

Loss aversion and the use of disposable cups

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