Role of economics in analyzing the environment and sustainable development

The environmental sciences have documented large and worrisome changes in earth systems, from climate change and loss of biodiversity, to changes in hydrological and nutrient cycles and depletion of natural resources (1⇓⇓⇓⇓⇓⇓⇓⇓⇓⇓–12). These global environmental changes have potentially large negative consequences for future human well-being, and raise questions about whether global civilization is on a sustainable path or is “consuming too much”...