Abstract
One aspect of sustainable development is operationalized: if economic growth is to be compatible with environmental restrictions, then both technology and output composition must somehow be restricted to take increasing scarcity of environmental resources into account. The simplest approach for an economist to illustrate the practical implications of this is through increasing prices on environmental services. As an example, a global tax on fossil fuel combustion is discussed as a tool for controlling the emission of greenhouse gases. In the light of this example, environmental policy development both at the level of various groups of countries and at the global level is briefly discussed.
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Sterner, T. (1992). Economic and Environmental Policies for Sustainability. In: Svedin, U., Aniansson, B.H. (eds) Society and the Environment: A Swedish Research Perspective. Ecology, Economy & Environment, vol 2. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-2799-8_8
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DOI: https://doi.org/10.1007/978-94-011-2799-8_8
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