Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/42184
Title: The environment in the provision of transport
Other Titles: The Routledge handbook of transport economics
Authors: Attard, Maria
Keywords: Automobiles -- Motors -- Exhaust gas
Climatic changes
Greenhouse gases
Global warming
Issue Date: 2017
Publisher: Routledge
Citation: Attard, M. (2017). The environment in the provision of transport. In J. Cowie & S. Ison (Ed.), The Routledge handbook of transport economics (pp. 271-283). Routledge: Abingdon-on-Thames.
Abstract: Considering the natural environment as capital in economic theory dates back at least 200 years, with some of the early work of Ricardo (1817) and Faustmann (1849), and more recently the work of Hotelling (1931). Capital assets store wealth and generate production for future consumption. Similarly, if we use more natural capital to produce economic output today, then we have less for production tomorrow (Barbier, 2014). Over time, many economists developed strong conceptual frameworks for considering the natural environment and its resources as capital, or an economic resource. Despite this, however, efforts to include the natural environment as capital in the decision-making process have been overall weak. This happens in particular where common property or public goods are dismissed and developed.
URI: https://www.um.edu.mt/library/oar//handle/123456789/42184
ISBN: 9781138847491
Appears in Collections:Scholarly Works - FacArtGeo

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