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The concept of environmental capital is thoroughly entrenched in policy dicussions but largely missing from mainstream economic curriculums. This article by Carlo Carraro, Marianne Fay and Marzio Galoetti argues that environmental externalities, climate change, and constraints on natural resources will constantly and deeply affect humankind’s future. The teaching of economics, especially growth economics, should stop ignoring them.

Review of Environment, Energy and Economics – Re3