Subsidizing fossil fuel consumption has increased the income gap in the world´s population, since these subsidies have primarily benefited individuals with greater wealth. Globally, it is estimated that, in 2010, only 8% of the subsidies for fossil fuel consumption reached the poorest 20% of the world’s population.
edited by Shreya Bhardwaj Economic prosperity and societal well-being require a safe and reliable supply of energy resources. Energy and mineral resources are vital for the production of goods and services across all economic sectors: agriculture, infrastructure, transportation, commerce, healthcare, and tourism, among others. At the same time that energy resources contribute to a… Read more »
Agricultural practices that preserve ecosystem services are growing. Nongovernmental organizations have taken a market-based approach, introducing certification programs which compensate farmers who adhere to sustainability standards for their consequent reductions in yield by charging consumers a price premium. We conduct a choice experiment to test consumers’ willingness to pay for such eco-labeled products.