32 votes
Accepted

Does recycling lead to fewer jobs?

Any invention that replaces human labor puts an end to that specific task. Glass recycling eliminates (or decrease) the need for silica-gathering task. Typewriter eliminates the need for printing ...
Art's user avatar
  • 2,784
21 votes

Why aren't we seeing carbon taxes in practice?

I think it’s mainly politics. For example, when France tried to implement increases in tax on oil (indirect way of taxing carbon) it led to yellow jacket protest. As you pointed out it’s easy to ...
1muflon1's user avatar
  • 56.4k
16 votes

Why aren't we seeing carbon taxes in practice?

It seems that there are many advantages to carbon taxes, including pricing in the environmental cost and generating revenue (that could offset other taxes). So why are we not seeing them in practice, ...
juhist's user avatar
  • 319
10 votes

Why aren't we seeing carbon taxes in practice?

Just to build up on @1muflon1's (+1) answer: I'd also add the "axe the tax" campaign in British Columbia back in 2008. The carbon tax there is (or at least was) considered a model example of how to ...
bajun65537's user avatar
8 votes

Limits to Growth: Is environmental collapse by 2030 a likely scenerio?

We know one core element of the Guardian article is nonsense - the discussion of Peak Oil. The Peak Oil lament, fashionable a decade ago, was that we didn't have enough oil, and that was going to ...
410 gone's user avatar
  • 8,168
8 votes
Accepted

Is climate change an economic question?

Climate change in itself, its measurement and the fact that it is happening, and modeling its speed or trying to discover its causes (e.g., carbon emissions, methane emissions and so on) is not an ...
1muflon1's user avatar
  • 56.4k
7 votes
Accepted

Is undervaluing environmental impact a subsidy?

Yes, undervaluing environmental impact is a subsidy, within the context of the IMF report that you are referring to. Here's what that report says in its abstract (my emphasis): it focuses on the ...
410 gone's user avatar
  • 8,168
6 votes

Help me find again a paper I saw which calculated a high social cost of carbon

Perhaps it is "Country-level social cost of carbon" by Ricke et al. (2018)? Abstract: The social cost of carbon (SCC) is a commonly employed metric of the expected economic damages from ...
Giskard's user avatar
  • 29.5k
5 votes

Universal carbon price

The justification goes back to the work of Pigou in the early 20th century. The essence is this: the burning of fossil fuels creates a negative externality: a cost that is incurred, but not by that ...
410 gone's user avatar
  • 8,168
5 votes

Is the use/consumption of natural resources considered an externality per se?

Use or consumption of natural resources is not in mainstream economics considered as an externality per se. First of all the quote from Mankiw is probably from undergraduate textbook and taken out of ...
1muflon1's user avatar
  • 56.4k
5 votes

Positive externalities of cars - free seats on public transport

In order to answer this question we first have to properly and rigorously define externality. Externalities are often vaguely defined as any effects on third parties but the correct definition of ...
1muflon1's user avatar
  • 56.4k
5 votes

References about environmental economics

I have plenty. First of all, you absolutely need to look up this website: https://www.exploring-economics.org/en/orientation/ On exploring-economics, you can find detailed articles and sources about ...
Alexandre Michaud's user avatar
5 votes

References about environmental economics

I would recommend Natural Resource and Environmental Economics by Perman, Ma, Common, Maddison & McGilvray. The edition linked to is the 4th: my comments are largely based on study of the 3rd ...
Adam Bailey's user avatar
  • 8,369
4 votes
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A growth model with regime switch

Continuing on the comments exchange, the conclusion that the overall effect is to change the discount factor, is similar to the one reached in the original Overlapping Generations Model of Blanchard, ...
Alecos Papadopoulos's user avatar
4 votes

Limits to Growth: Is environmental collapse by 2030 a likely scenerio?

As economists, we should be well advised to restrain from making such forecasts. Future is hard, if not impossible, to predict. For example, take the job reports in the US which are published on a ...
Hector's user avatar
  • 1,077
3 votes

How does fuel tankering save airlines money

Airlines typically have a "good" contract for fuel with some supplier for their base airports (they buy a LOT of fuel and hence, they are able to negotiate higher discount). When a plane flies to a ...
bajun65537's user avatar
3 votes
Accepted

Sources on Border Carbon Adjustment

I found some references that might help you explore this topic. Other topics like game theory can also be applied to border carbon adjustments. LSE: https://www.lse.ac.uk/granthaminstitute/publication/...
Drashti Shah's user avatar
3 votes
Accepted

International emissions trading

There can be civil or criminal penalties applied for non-compliance. See for example: https://www.gov.uk/government/publications/environment-agency-enforcement-and-sanctions-policy/annex-2-climate-...
410 gone's user avatar
  • 8,168
3 votes

Papers on International Trade and Environment

I have to disagree with the previous answer. There is quite a large literature on international trade and the effect of environmental regulations. To start off there is the whole race to the bottom ...
Maarten Punt's user avatar
  • 2,375
3 votes
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Is my reasoning about economic growth and environmental sustainability correct?

It is on a correct track but I would not say it is 100% correct as you miss the main source of growth which is technological progress. Consider the following Cobb-Douglas production function with all ...
1muflon1's user avatar
  • 56.4k
3 votes

Positive externalities of cars - free seats on public transport

Effects that follow from rivalry are usually not considered to be economic externalities. From Wikipedia: In economics, a good is said to be rivalrous or a rival if its consumption by one consumer ...
Giskard's user avatar
  • 29.5k
2 votes
Accepted

Economics in nature?

A first, basic approach approach could be optimal foraging theory: To maximize fitness, an animal adopts a foraging strategy that provides the most benefit (energy) for the lowest cost, maximizing ...
sba222's user avatar
  • 831
2 votes

Economics in nature?

You may want to take a look at Evolutionary Game Theory. Instead of using the regular equilibrium concept developed by Nash, it uses the concept of an Evolutionarily Stable Strategy (ESS). The idea ...
Jéssica Dutra's user avatar
2 votes

What is Natural Capital?

Natural Capital is an analytic accounting approach: it is a system of putting a monetary value on environmental assets such as ancient woodland. It is also the name of those assets, within that ...
410 gone's user avatar
  • 8,168
2 votes
Accepted

What is the relation among "welfare economics", "institutional economics", "environmental economics" and "neoclassical economics"

As dismalscience said, none of these terms has a truly rigorous and concrete definition. But here is a broad outline: Environmental economics is the branch of economics that deals with environmental ...
Ubiquitous's user avatar
  • 16.9k
2 votes

Best strategy to incentivise third party investment

There are several possible routes to get conservation investment into national reserves, i.e. geographic areas that are designated for special protection and environmental conservation. The ...
410 gone's user avatar
  • 8,168
2 votes
Accepted

Adjusting GDP for Environmental and Resource Impacts

A good place to start is a report by the U.S. National Academy of Science called Nature's Numbers. The upshot: There is a consensus among economists that it is possible to refine standard measures of ...
Arthur Small's user avatar
2 votes

Command and control policy approach graph

As far as I know, there is a Least Cost Principle regarding cutting pollution, which states that: when there is a pollution target which firms (with heterogeneous and publicly unobserved pollution ...
J Tg's user avatar
  • 224
2 votes
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Recycling credits

Recycling credits are put in place assuming that the pollution after the consumption of a good is a negative externality. This negative externality affects everyone, when you have a newspaper in the ...
JoaoBotelho's user avatar
  • 2,145

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