Taking time for the environment: On timing and the role of delays in environmental and resource economics

Lucas Bretschger, Sjak Smulders

Research output: Contribution to journalEditorialScientific

Abstract

Ecosystem transformation and climate change evolve over long time scales. The effects of the economic decisions on the natural environment are also of a long-run character because they relate to investment decisions and capital stocks. At the same time, the economy is short-sighted and subject to different kinds of market failures. The time it takes to notice the changes and adequately address the associated problems affects the dynamics and inertia of the process. We discuss some recent contributions and new research questions that deal with time and timing in environmental and resource economics.
Original languageEnglish
Pages (from-to)731-736
JournalEnvironmental & Resource Economics
Volume70
Issue number4
DOIs
Publication statusPublished - Aug 2018

Keywords

  • Time
  • Inertia
  • Environmental policy
  • Climate change
  • Decision delay

Cite this

@article{2854c0f21f414af1a2625a9a56cf2b7e,
title = "Taking time for the environment: On timing and the role of delays in environmental and resource economics",
abstract = "Ecosystem transformation and climate change evolve over long time scales. The effects of the economic decisions on the natural environment are also of a long-run character because they relate to investment decisions and capital stocks. At the same time, the economy is short-sighted and subject to different kinds of market failures. The time it takes to notice the changes and adequately address the associated problems affects the dynamics and inertia of the process. We discuss some recent contributions and new research questions that deal with time and timing in environmental and resource economics.",
keywords = "Time, Inertia, Environmental policy, Climate change, Decision delay",
author = "Lucas Bretschger and Sjak Smulders",
year = "2018",
month = "8",
doi = "10.1007/s10640-017-0175-y",
language = "English",
volume = "70",
pages = "731--736",
journal = "Environmental and Resource Economics",
issn = "0924-6460",
publisher = "Springer",
number = "4",

}

Taking time for the environment : On timing and the role of delays in environmental and resource economics. / Bretschger, Lucas; Smulders, Sjak.

In: Environmental & Resource Economics, Vol. 70, No. 4, 08.2018, p. 731-736.

Research output: Contribution to journalEditorialScientific

TY - JOUR

T1 - Taking time for the environment

T2 - On timing and the role of delays in environmental and resource economics

AU - Bretschger, Lucas

AU - Smulders, Sjak

PY - 2018/8

Y1 - 2018/8

N2 - Ecosystem transformation and climate change evolve over long time scales. The effects of the economic decisions on the natural environment are also of a long-run character because they relate to investment decisions and capital stocks. At the same time, the economy is short-sighted and subject to different kinds of market failures. The time it takes to notice the changes and adequately address the associated problems affects the dynamics and inertia of the process. We discuss some recent contributions and new research questions that deal with time and timing in environmental and resource economics.

AB - Ecosystem transformation and climate change evolve over long time scales. The effects of the economic decisions on the natural environment are also of a long-run character because they relate to investment decisions and capital stocks. At the same time, the economy is short-sighted and subject to different kinds of market failures. The time it takes to notice the changes and adequately address the associated problems affects the dynamics and inertia of the process. We discuss some recent contributions and new research questions that deal with time and timing in environmental and resource economics.

KW - Time

KW - Inertia

KW - Environmental policy

KW - Climate change

KW - Decision delay

U2 - 10.1007/s10640-017-0175-y

DO - 10.1007/s10640-017-0175-y

M3 - Editorial

VL - 70

SP - 731

EP - 736

JO - Environmental and Resource Economics

JF - Environmental and Resource Economics

SN - 0924-6460

IS - 4

ER -