28 March 2003

Interpreting Sustainability in Economic Terms

Sustainability ≡ Dynamic Efficiency + Intergenerational Equity

Abstract:

Economists have confined the concept of ‘sustainability’ to intertemporal distributional equity. We propose a broader definition, combining dynamic efficiency and intergenerational equity, and relate it to two concepts from neoclassical economics: potential Pareto-improvements and inter-personal compensation.

Published paper: "Interpreting Sustainability in Economic Terms: Dynamic Efficiency Plus Intergenerational Equity" (full text)

Climate shift uncertainty and economic damages

by Romain Fillon, Manuel Linsenmeier and Gernot Wagner

15 Mar 25

Climate change is both predictable and unpredictable. We don't need certainty to know it's a crisis

The next climate disaster is sure to come. When and where is the question

1 May 25

The Green Key to Germany’s Economic Recovery

Just as the broader European economy depends heavily on Germany, the continent's industrial powerhouse, Germany's own economy depends on access to affordable power. With geopolitical and climate conditions requiring an urgent transition to renewables, the task now is to develop a politically viable energy strategy.

16 May 25