Greening the Budget regards the fundamental cause of environmental degradation as government and market failure and proposes the use of budgets as an instrument of environmental policy to rectify this problem. The book focuses on the elements of the public budget which currently affect the environment and explores the scope for greening both revenue and expenditure through specific measures. The authors begin by considering the effects of removing environmentally damaging subsidies and the potential for correcting market failure by way of appropriate pricing. They go on to examine the introduction of new taxes following the 'polluter pays' principle and, in contrast, the allocation of incentives for those who take the environmentally preferred course of action. They also explore the environmental and budgetary implications of European Union financial transfers by looking at a case study of the agricultural sector. The book concludes by addressing public purchasing and administration. This book will be of particular interest and value to scholars of environmental economics, researchers involved in environmental policy, and environmental consultants, practitioners and policymakers.

Conventional economic analysis of property rights in natural resources is too narrow and restrictive to allow for effective comparisons between alternative institutional structures. In this book, a conceptual framework is developed for the analysis of these structures with illustrative application to the allocation of water resources. Ray Challen introduces and develops a model for the analysis of the problems involved in institutional choice that takes into account constraints in institutional change imposed by history and the value of maintaining options in an uncertain future. The emphasis of institutional analysis shifts from assessing the benefits of particular property rights regimes in isolation to considering the distribution of property rights between levels of governments, communities and individuals in an institutional hierarchy. Conceptual developments in institutional theory are illustrated by using a case study of institutional change in the regulation of water use in irrigated agriculture.

This book comprehensively examines the performance of Bangladeshi agriculture in light of the most recent thinking on economic development and the environment. It both analyses the experience during the last five decades and discusses the major issues and challenges with special emphasis on the prospects for sustainable agricultural development in the future. The authors emphasise the importance of distributional aspects of environmental change and development in relation to employment and poverty and also focus on gender issues - often ignored in traditional theory. Many of the issues that arise in Bangladesh in connection with the agricultural-development nexus are not unique to the country. Parallels exist elsewhere in the developing world and as such Bangladesh is useful as an example from which to draw conclusions about much of the developing world. Environment and Agriculture in a Developing Economy will therefore be of particular interest to developmental and environmental economists as well as international organisations and NGOs committed to environment and development issues.

The assessment and management of risks to human health and the environment has become a topic of increasing importance and presents one of the major challenges to modern society. This comprehensive volume draws together key papers from a range of different perspectives and offers the reader an important insight into the basic principles of environmental risk management.Topics include the background to environmental risk, human health and ecological risk assessment, risk perception and communication, strategic issues in corporate environmental risk and environmental risk and siting hazardous facilities.

This outstanding book focuses on how economics can contribute to the design, implementation and appraisal of legal systems that create the 'right' incentives for environmental protection. The sixteen original and specially commissioned contributions - written by some of the leading names in their field - span many of the important areas of contemporary interest and employ case study material combined with theoretical, empirical and experimental research. The book addresses many topical issues including: the fundamental notions of property rights and social norms; the design and implementation of civil liability regimes; the use of criminal law as an instrument of environmental policy; the role that citizen suits, self-monitoring and self-enforcement could and should play in the implementation of law; the international harmonisation of environmental law; and the treatment of environmental damages in courts. Cutting-edge economic technique is motivated by, and articulates with, real and pressing policy debates. The contributors refer to a range of legal cases and policy decisions, and draw out a host of policy implications and prescriptions for settings as diverse as Superfund reform in the US and the harmonisation of landfill regulations in the European Union. By combining incisive overviews of the latest thinking and results, complemented by original analysis, The Law and Economics of the Environment will appeal to researchers and students of the environment, law and economics, policy practitioners and those with an interest in knowing what constitutes 'good' environmental law.

A number of tools for environmental analysis and decision support have been developed over time, including life-cycle assessment, substance-flow analysis, environmental impact and risk assessment. Many of these tools have different economic systems - a product, a regional substance-flow, a factory or emission pattern etc.- as their object. This book aims to reconcile and unify the many different tools for environmental analysis and decision-support into one meta-tool. The subject of this study revolves around two problems: the attribution problem - which environmental problems are to be attributed to which economic activities; and the position problem - what is the relative position of a number of the various tools for environmental decision-support? Both these problems can be resolved by the construction of a general framework and specific methodological steps within the framework. The main focus of this study is on the methodology. By providing a common framework for topics often treated in isolation this book enables experts from many fields, including scholars of environmental, resource and ecological economics, environmental science as well as researchers and professionals within industrial ecology, to understand the full depth and range of the material.

The spatial dimension of international trade theory has been neglected during most of its history. Trade barriers such as tariffs have been deemed more important. However, in an increasingly integrated world economy seeking to abolish tariffs, spatial considerations have gained in stature. On the way to fostering a spatial trade theory this book supplies a comprehensive analysis of all the different impacts of the inclusion of space and transport costs, covering orthodox trade theory, new trade theories, and economic geography. Karl Steininger also expands spatial analysis to cover spatial preferences and spatial discounting and catalogues the result of spatial production structure and environmental quality in a global economy. Finally, an empirical account is given of the trade and macro-implications of full cost pricing in transport.

This book focuses on the impact and design of international environmental regimes which are established to preserve natural resources and reduce environmental degradation. The author addresses such regimes from both a conceptual and theoretical point of view as well as using comparative empirical evidence from issue areas such as marine pollution, acid rain, ozone layer depletion and global climate change. He examines specifically a number of controversial institutional issues in international environmental politics. Should, for instance, access to decision-processes be inclusive or exclusive in terms of non-governmental watchdogs? Similar choices and dilemmas exist with regard to decision-making rules, the role of the secretariat, the structuring of the agenda, the organization of the science-politics interface, and the design of verification and compliance mechanisms. Hence, he addresses real dilemmas faced by negotiators, in order to help formulate policies for achieving the most effective organization of international environmental institutions. This book will be welcomed by students and scholars interested in environmental political economy and institutions, and policymakers and practitioners involved in the negotiation process.

Entrepreneurs and managers are increasingly aware that the environment can be both a threat and an opportunity to their current economic activities. This timely book discusses the question of environmental performance versus corporate practices and finds that environmental considerations can have a positive effect on business. The perception of the environment as a means to achieve competitive advantage for companies is a relatively recent phenomenon. The contributors address how to create institutional environments that stimulate businesses to integrate the environment in strategic decision making and thereby promote eco-efficiency. Together they build a convincing argument that the economy-environment trade-off is a false stalemate: societal and market forces may impact on the environment and on business in positive, neutral or negative ways. The authors use evidence from the United States and Europe to demonstrate that environmental considerations can have a positive effect on the competitive advantage of firms. This book draws together three fields - environmental economics, environmental regulation and strategic management - and will be of great interest to scholars and practitioners working in these areas.

Emissions trading has become a central feature of global efforts to control climate change. Its inclusion in the Kyoto Protocol to the Framework Convention on Climate Change represents a victory for advocates of market-based instruments and builds upon twenty years of experience with trading schemes in the United States. However, the concept is controversial and attempts to introduce similar trading schemes in Europe have met with mixed results. This timely book provides a comprehensive overview of the theory and practice of emissions trading including the lessons learnt, the problems faced and the prospects for its extended use. It includes case studies of trading schemes in the US and Europe, and studies of international trading under the European acid rain regime. Problems of practical implementation, especially institutional feasibility and political acceptability, are given particular attention. The prospects for the international trading of greenhouse gases following the Kyoto Protocol are assessed, together with the potential conflict between emissions trading and established regulatory traditions. Pollution for Sale will be of great interest to policymakers, practitioners, researchers and students of environmental policy.

Robert N. Stavins has emerged as one of the most influential voices in environmental economics over the last decade and a half. These 23 essays on environmental economics and policy, written by Professor Stavins and his co-authors over the period 1988-1999, originally appeared in a diverse set of leading, scholarly periodicals and are here collected for the first time. The book is divided into seven parts: overview; benefits and costs of environmental regulation; normative analysis of policy instruments; positive analysis of policy instruments; environmental technology innovation and diffusion; causes and consequences of land-use changes; and global climate policy. The book begins with an introductory essay in which Stavins reflects on the professional path that led to his research and writing and identifies common themes that emerge from this period of research. Students, scholars, practitioners and policymakers will find this volume a valuable and very useful addition to their collection.

There is widespread agreement that climate change is a serious problem. If we fail to regulate greenhouse gases that contribute to global warming, or use alternative strategies for addressing the problem, the damages could be significant, and perhaps catastrophic. After several international meetings in which nation-states have tried unsuccessfully to address the climate change problem, there is a sense of frustration and urgency: frustration at the slow pace at which countries are moving toward an international agreement to reduce greenhouse gas emissions; urgency because of the growing evidence that climate change is a serious problem that should be addressed globally and quickly. This book takes a close look at the fundamental political and economic processes driving climate change policy. It identifies institutional arrangements and policies that are needed to design more effective climate change policy. It also examines ethical and distributional arguments that are critical in understanding and framing the climate debate. The book is built around a conference honouring Tom Schelling that took place at the Sustainable Consumption Institute at The University of Manchester. Each chapter represents a significant contribution to the literature on the political economy of climate change.

This path-breaking book shows how green accounting can be compatible with ecological economics and how it can contribute to the implementation of sustainability. It explores the history and methodology of green accounting and describes the state-of-the-art construction of green accounts in individual countries.The authors first provide an overview of the history of national accounting and its place in the debate concerning sustainability. In particular they address the social role that accounts play, the relationship of national accounts to economic traditions, and the relationship between green national accounts and ecological economics. They go on to describe issues related to the history of green accounts and the methodologies adopted, and discuss the Dutch experience with the NAMEA system, the use of input-output analysis in national accounting and the conceptual issues raised by green accounting. Finally, the authors show how green accounts are being constructed and used in various countries, by both national governments and corporate businesses. The book features new case studies of green national accounting in Europe, Africa and Canada, the UK experience in establishing green accounts and the process of greening business accounts. Greening the Accounts will be required reading for scholars of ecological economics, environmental studies and business and national accounting.

The use of dynamic models to address the problem of environmental degradation is central to environmental policy because decisions taken now affect not only the current generation but have a profound impact on the future. In this innovative book, Frank Hettich uses dynamic modelling to study the interactions between economic growth, environmental policy and tax reform. He incorporates pollution and abatement technologies into different endogenous growth models that take into account consumer preferences and physical and human capital accumulation. He focuses on the effects of environmental policy in closed and open economies in the short, medium and long term. He sheds light on the following questions: * what kind of environmental policy can reverse tendencies towards increasing pollution? * will tighter environmental policy inevitably reduce economic growth? * does environmental taxation provide an efficient source of revenue for governments? * how will higher preferences for a clean environment affect optimal growth rates? * what are the effects of international cooperation on growth, welfare and pollution? * does sustainable environmental development necessarily preclude economic growth? This book will interest all students and scholars of environmental economics and particularly those interested in the relationship between economic growth and environmental quality.

This authoritative book presents the results of important new research into the economics of biodiversity conservation in sub-Saharan Africa. The contributors offer case studies of the economic causes of biodiversity loss in a range of ecosystem types - wetlands, montane forests, tropical moist forests, semi-arid savannas and lakes - and discuss the policy options for biodiversity conservation in each case. They also provide an in-depth analysis of the environmental consequences of policy reform at the macro- and micro- levels and offer practical recommendations for the implementation of the Convention on Biological Diversity. The Economics of Biodiversity Conservation in Sub-Saharan Africa will prove invaluable to scholars and policymakers working within the areas of environmental economics, environmental science and sustainable development.

This book analyses and quantifies the environmental impact of two closely related phenomena: economic growth and trade liberalisation. Previous work in this area tends to address only the impact of trade or economic growth on the environment, yet, as Matthew Cole shows, the two are inextricably linked. A theoretical and historical background to the relationship between economic growth and the environment, coupled with the environmental impact of international trade, particularly as it has been applied through the GATT/WTO, provides the contextual framework for a detailed empirical analysis. In examining the environmental effects of economic growth and international trade, use is made of Environmental Kuznets Curves (EKCs) and improvements to traditional EKC methodology are suggested. Global policy implications are discussed and conclusions drawn. An essential supplementary text for any undergraduate or postgraduate studying environmental economics, this book should appeal to researchers and policymakers in the field of international economic development as well as anyone with an interest in the global environment.

Environmental taxes are considered one of the most attractive environmental policy instruments. However, many problems still prevent their widespread implementation. This impressive book offers a comprehensive, global and innovative treatment of the environmental tax issue. The author provides detailed economic analysis as well as practical policy suggestions and presenting numerous examples that have been successful in addressing complex issues as well as considering questions including: how should the instrument be designed? what to do with the tax revenues? how taxes could be made acceptable for industry, politicians and voters an analysis of the ethical issues of environmental taxation. This comprehensive treatment of environmental taxes will ensure the book's appeal to researchers, academics and students. It will also be of immense value to those working with the environment, as well as providing practical solutions to implementation problems faced by civil servants in central and local government.

This major annual publication is an authoritative state-of-the-art survey of current issues in environmental and resource economics written by the leading academics in the field.The discipline of environmental and resource economics has undergone a rapid evolution over the past three decades with the early literature focusing mainly on valuation and the design of policy instruments to correct externalities and encourage optimal resource exploitation. In the past few years, the field has broadened its scope by making numerous links with other disciplines in economics as well as the natural and physical sciences. As a result there has been an explosion in the literature which has made it increasingly difficult to keep up with developments in the field. The Yearbook cuts through this by focusing on the principal issues of current interest. In this edition, experts in their specific field consider the problems of the monitoring and enforcement of environmental policy and examine possible voluntary approaches to environmental protection. Topics examined include policies to counter tropical deforestation, the analysis of transportation and environmental policy, models of climate change control, environmental labelling and the use of cost-benefit analysis. The Yearbook will provide economists, scholars and practitioners working in environmental and resource economics with a comprehensive overview of the up-to-date issues written by the leading international scholars.

This original book presents a new basis for environmental policymaking: environmental networks. This framework graphically simplifies the analysis of environmental problems and emphasizes the spatial nature of economic activity and pollution dispersion.The book first discusses the foundations of environmental economics before going on to apply the environmental network approach to different firm structures. The authors then extend the analysis to incorporate multiple products and pollutants, the presence of transaction costs, the availability of investment in production technologies, and the issue of noncompliance versus compliance. They also apply the network approach to pollution caused by transportation and assess the success of permits in limiting this. The authors then formulate integrated models, analyzing the use of permits and taxes in firms, producers, and consumers, as well as transportation and trade routes. This book will be of interest to students, researchers, practitioners, and policymakers in environmental and transport economics.

Industrial houses have, in recent years, begun to favor green products and financial institutions are funneling investible funds to environmentally friendly industries as a priority. Implementation of green policy to support these changes requires economic as well as political support from various influential countries. Success of green policies will inevitably benefit biodiversity and global environmental health. Economic and Political Implications of Green Trading and Energy Use is a scholarly research publication that presents global perspectives on the impact of green financing and accounting on the health of the environment while highlighting issues related to carbon trading, carbon credit, energy use, and energy efficiency and their impact on economic outputs. This reference features a range of topics including environmental policies and sustainable development and is essential for academicians, environmental scientists, policymakers, political scientists, students, and researchers.

This important collection of essays from the leading writers in the field, focuses on the importance of taking environmental issues into account in the process of development and poverty reduction. This book deepens our understanding of environmental sustainability in a context of economic
growth, putting sustainable development firmly back on the agenda.

Sugarcane exhibits all the major characteristics of a promising bioenergy crop including high biomass yield, C4 photosynthetic system, perennial nature, and ratooning ability. Being the largest agricultural commodity of the world with respect to total production, sugarcane biomass is abundantly available. Brazil has already become a sugarcane biofuels centered economy while Thailand, Colombia, and South Africa are also significantly exploiting this energy source. Other major cane producers include India, China, Pakistan, Mexico, Australia, Indonesia, and the United States. It has been projected that sugarcane biofuels will be playing extremely important role in world's energy matrix in recent future. This book analyzes the significance, applications, achievements, and future avenues of biofuels and bioenergy production from sugarcane, in top cane growing countries around the globe. Moreover, we also evaluate the barriers and areas of improvement for targeting efficient, sustainable, and cost-effective biofuels from sugarcane to meet the world's energy needs and combat the climate change.

The third decade of the 21st century brings new and expansive global sustainability challenges. Managers, policymakers, academics, citizens, and consumers will have to make seemingly contradictory decisions to accelerate demand, and at the same time promote savings. For this reason, it is necessary to clarify that it is not a process of recovery but of regeneration, adaptation and reprioritization. Regenerative and Sustainable Futures for Latin America and the Caribbean: Collective action for a region with a better tomorrow offers a systematic review of past efforts to recover from global crises providing an analysis of the sustainable development challenges faced by Latin America and the Caribbean. Featuring contributions from researchers in seven different Latin American and Caribbean countries, this volume reflects primary data perspectives from government, business, academe and civil society leaders in each specific country. Regenerative and Sustainable Futures for Latin America and the Caribbean explores how to build sustainable futures for Latin America and the Caribbean, presents recommendations for policy and decision-makers to thrive sustainable futures for Latin America and the Caribbean and reflects on the value of collective action for a region that deserves a better tomorrow.