Abstract:
This talk explores the role of limited substitutability between nature and human-made goods and services for measuring and managing Sustainable Development. Combining several research papers that draw on economic theory, integrated climate-economy modelling, experiments and other empirical approaches, I will shed light on (i) how to assess scarce ecosystems in benefit-cost analyses, (ii) the role that limited substitutability plays in estimating the social cost of carbon and (iii) how indicator substitutability shapes measures of sustainability as portrayed in composite indices.
Brief CV: Moritz Drupp's research focuses on designing and evaluating public policies to address sustainability challenges, such as relating to climate change, biodiversity conservation, fishery and forests, air and water quality, and health, with a special focus on distributional issues. Drawing on theory, modelling and empirical approaches, my work seeks to inform the transition towards more sustainable futures.
His work appears in general economics journals (e.g. American Economic Journal: Economic Policy), field journals (e.g. JEEM, EARE), and interdisciplinary journals (e.g. Nature Climate Change, PNAS, Science), is featured in various media outlets, and has informed public policy guidance i.a. in Germany, the Netherlands, the EU, the UK, and the US.
https://sites.google.com/a/fulbrightmail.org/moritzdrupp/
Zoom-Link: https://us02web.zoom.us/j/86790103582?pwd=Q41t1Hm0P17uqAzEKV34235gl9No3b.1