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dc.contributor.authorAttard, Maria-
dc.identifier.citationAttard, 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.en_GB
dc.description.abstractConsidering 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.en_GB
dc.subjectAutomobiles -- Motors -- Exhaust gasen_GB
dc.subjectClimatic changesen_GB
dc.subjectGreenhouse gasesen_GB
dc.subjectGlobal warmingen_GB
dc.titleThe environment in the provision of transporten_GB
dc.title.alternativeThe Routledge handbook of transport economicsen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
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