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The New Land Economy

While it is well known that reducing global carbon emissions to net-zero will require widespread economic change, far too little attention has been paid to the issue of land use. The green transition will require a fundamental reconsideration of how we apportion rights to the planet's surface.

LONDON – “How Much Land Does a Man Need?” asks Leo Tolstoy in a short story about a former serf named Pahom, who greedily accumulates land in czarist Russia’s equivalent of the American frontier. In the end, Pahom’s servant answers the question as he buries his master with the same spade used to mark his vast property: “Six feet from his head to his heels was all he needed.”