Technologies, preferences, and policies for a sustainable use of natural resources

We discuss eight contributions that combine the topics of sustainable natural resource use and economic dynamics. In the first part we consider enhanced oil recovery (EOR), carbon capture and storage (CCS), as well as innovations allowing for energy-efficiency improvements and renewable energy cost reductions. We discuss how to include these technologies and innovations in CGE models, how each of them has different effects on the timing of emissions and abatement and on total emissions, and how (first-best as well as second-best) complementary policies (in particular, emission taxes and innovation subsidies) differ across these technologies. In the second part we compare differences in intergenerational preferences towards resource conservation - altruistic preferences and concern for social status from relative consumption -and also found sharply contrasting effects across the alternative assumptions.