Natural Resource Management: Challenges and Policy Options

Jessica Coria and Thomas Sterner

Annual Review of Resource Economics, 2011, vol. 3, issue 1, 203-230

Abstract: Much of the improvement in living standards in developed and developing countries is attributable to the exploitation of nonrenewable and renewable resources. The problem is to know when the exploitation occurs at rates and with technologies that are sustainable. If the technologies used are not sustainable, resource exploitation presents a serious problem for the future because welfare will decrease. A long-term management perspective is needed to avoid irreversible degradation of renewable resources. This article examines major challenges to natural resource management as well as policy options.

Keywords: sustainability; natural resources; policy instruments; property rights; tradable quotas; taxes; voluntary agreements; liability; subsidies; deposit-refunds (search for similar items in EconPapers)
JEL-codes: Q00 Q10 Q20 Q30 Q58 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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