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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Author Archives: Adam Bailey
UK Climate Change Policy – An Outline
Anyone who has followed the news in the UK over the last year will have heard plenty about COP26 and Extinction Rebellion, and about extreme heat, forest fires and melting ice in various parts of the world. UK policy on … Continue reading
The Maximum Duration of Constant Consumption
At what rate should an essential non-renewable resource be depleted to sustain an economy for as long as possible? Suppose the inputs of a closed economy consist of produced capital, a non-renewable resource and labour . Output is of a … Continue reading
An Inconvenient Truth about the Hartwick Rule
The relevance to the Hartwick Rule of depreciation of produced capital is not widely understood. Suppose the inputs of a closed economy consist of produced capital K, a non-renewable resource R and labour L. It produces a single good which … Continue reading
Getting to Zero Emissions
A short review of Bill Gates’ How to Avoid a Climate Disaster When someone famous for their achievements in one field of human endeavour offers opinions on some unrelated topic, it is wise to treat their views with a degree … Continue reading
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