Pricing the Limits to Growth from Minerals Depletion
评估了石油等不可再生资源枯竭导致的全球福利损失,估计世界每年因地球资源有限性损失约相当于最终消费的1%。
This paper evaluates the loss of global welfare from exhaustion of nonrenewable resources, such as oil. The underlying methodology represents an empirical application of some recent developments in the theory of green accounting and sustainability. The paper estimates that the world loses the equivalent of about 1 percent of final consumption per year from finiteness of the earth's resources, compared with a counterfactual trajectory where global extraction of minerals is allowed to remain forever constant at today's flow rates and extraction costs.