| Authors |
Brock, W. and Xepapadeas, A. |
| Title |
Growth embedded in a finite Earth |
| Abstract |
This paper puts forth a growth model that takes into account the fact that the economy is embedded in a finite Earth. Economic activity causes greenhouse gas (GHG) emissions into the atmosphere and uses services from the biosphere. There are two main messages from the analysis: First, R&D in technologies that reduce GHG emissions and inputs from the biosphere must be ramped up rapidly. Second, in view of the fact that the top 10% of the world's inhabitants have roughly 76% of the world's wealth, consumption that causes emissions and uses inputs from the biosphere must decrease rapidly. |
| Creation Date |
2024-01-16 |
| Keywords |
growth, limits, biosphere, population dynamics, impact inequality, biosphere saving technology |
| Classification JEL |
O44, J13, Q01 |
| File |
2024.BX.LimGrowth.pdf (802232 bytes) |
| File-Function |
First version |
|
Copyright © 2009 [D.I.E.S.S. A.U.E.B.]. All rights reserved.
|
