Growth embedded in a finite Earth

William Brock and Anastasios Xepapadeas

No 2402, DEOS Working Papers from Athens University of Economics and Business

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.

Keywords: growth; limits; biosphere; population dynamics; impact inequality; biosphere saving technology (search for similar items in EconPapers)
JEL-codes: J13 O44 Q01 (search for similar items in EconPapers)
Date: 2024-01-16
New Economics Papers: this item is included in nep-ene, nep-env, nep-gro and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:aue:wpaper:2402

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