Towards a Sustainable Economy

Yacine Belhaj-Bouabdallah

Chapter 10 in Saving Ourselves:Interviews with World Leaders on the Sustainable Transition, 2017, pp 211-223 from World Scientific Publishing Co. Pte. Ltd.

Abstract: While many people view mitigating climate change as a moral imperative or as a humanitarian necessity, others see it as an economic problem. Economists argue that because polluting is free, from the viewpoint of the polluter, the cost is external to them. For example, if polluters release CO2 into the atmosphere or waste into a river, it costs them nothing to do so and many of the subsequent consequences of their actions will be external to them. Thus, if polluting the environment costs you nothing, there is nothing incentivising you to stop…

Keywords: Sustainable; Sustainability; Interviews; Sustainable Development; Renewable Energy; Climate Change; Fossil Fuels; Biodiversity; Good Governance; Green Economy; Food Security (search for similar items in EconPapers)
JEL-codes: Q55 (search for similar items in EconPapers)
Date: 2017
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