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Endangered EconomiesHow the Neglect of Nature Threatens Our Prosperity$
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Geoffrey Heal

Print publication date: 2016

Print ISBN-13: 9780231180849

Published to Columbia Scholarship Online: January 2019

DOI: 10.7312/columbia/9780231180849.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 12 June 2021

The Next Steps

The Next Steps

Chapter:
(p.185) 10 The Next Steps
Source:
Endangered Economies
Author(s):

Geoffrey Heal

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231180849.003.0010

There are four steps to be taken to reconcile prosperity with sustainability; addressing external costs, property rights, natural capital and setting the right goals by measuring what matters. This would lead to the rapid adoption of renewable energy and a resolution of the climate problem, and many other hitherto-intractable environmental problems. The economics is clear. Action is blocked by politics, by powerful vested interests and by beliefs that intervention in the market is fundamentally wrong.

Keywords:   external effects, common property, snow pack, Catskill watershed, renewable energy

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