Professor William Nordhaus was honored with a Nobel Prize in Economics for his lifetime contributions to research and policy on climate change and macroeconomics. This book contains a collection of essays written by eleven leading climate change economists describing precisely how Professor Nordhaus changed climate change economics. The essays highlight the major contributions that Professor Nordhaus has made to understanding climate change. The book also discusses the important contributions Professor Nordhaus has made to develop effective policies to manage greenhouse gases both now and far into the future. Several authors also thank Professor Nordhaus for the influence he has had on the trajectory of their own careers. Finally, the essays press forward and discuss how the entire field continues to work on perfecting both climate change economics and policy.

This collection of specially commissioned papers pays tribute to Karl-Gustaf Lofgren's significant and diverse contribution to theoretical and empirical research within the field of environmental and resource economics over the past two decades. A number of distinguished scholars examine a broad range of topics including sustainability, risk and uncertainty, demand theory and issues related to public goods. The book also contains analyses of more specific resource problems concerning fisheries, forestry management, wildlife and pollution. Together, the seventeen chapters provide an innovative and cutting-edge analysis of a smorgasbord of both old and new environmental and resource problems, including, amongst others: local public goods and income heterogeneity self-selection and the value of lives saved international fisheries agreements salmon and hydropower discrete versus continuous harvesting timber supply voluntary road pricing economic impacts of environmental regulations in California. Academics, researchers and students within the fields of environmental, resource and public economics will find this book to be a fascinating read.

The Research Handbook on Emissions Trading examines the origins, implementation challenges and international dimensions of emissions trading. It pursues an interdisciplinary approach drawing upon law, economics and, at times, political science, to present relevant research strands in a clear and multifaceted way. Its comprehensive mix of theoretical analysis and experiences from existing trading systems offers insights that can be applied around the world. The expert contributors bring together views from different disciplinary and geographic perspectives. This multifaceted examination of economic and legal origins, implementation problems and the emerging international aspect of emissions trading identifies key bodies of research for both upcoming and seasoned academics in the field and highlights future research opportunities. Its broad and accessible approach touches on climate law, environmental law and environmental governance. This Research Handbook will appeal strongly to academics and postgraduate students, as well as providing valuable insights for regulators, government officials and practitioners who are involved in emissions trading. Contributors include: H. Chen, D.H. Cole, C. de Perthuis, A.F. Gubina, F. Gulli, B. Hinterman, K. Holzer, C. Kettner, E. Kosolapova, A. Nentjes, K. Nield, M. Peeters, R. Pereira, K.S. Rogge, R. Trotignon, A. Tuerk, J. van Zeben

Environmental taxes differ from each other according to the functions they serve and the manner in which they are implemented. This study highlights the appropriateness of different kinds of environmental taxes against a rigorous framework of theory and case study evidence. The purpose of this book is to analyse the way in which environmental taxes are categorized and which factors affect the effectiveness and efficiency of the different kinds of environmental taxes in practice. This pragmatic approach is emphasized along with the multiplicity of regulatory problems such as: At what level should the environmental tax rate be set? What is the proper time schedule for introducing an environmental tax? What are the most appropriate taxable characteristics and how should they be determined? What activities should be exempt from environmental taxation? How can tax relief be implemented? These are only some of the regulatory problems explored in this study, which also encompasses an examination of the theory of regulation. The author argues that economists have often paid too little attention to the administrative and legal issues concerning the implementation of legislation, such as environmental tax laws, which are of course vital to the success of any potential policy. Lawyers too have in turn neglected the theory of regulation, which would assist in analysing problems in a future-oriented way. Environmental Taxes will therefore be of great interest to a wide audience of environmental economists, law and economics scholars as well as policymakers.

This innovative volume systematically brings together two strands of applied research that, to date, have been carried out separately - 'smart growth' research and climate change adaptability research. By providing theory, models, and case studies from North America, Oceania and Europe, the book creates synergies between the two strands, reconciles differences, and provides insights for decision-makers at national and local levels. The contributors to the volume draw on modeling tools complementary to both camps as they explore the issues surrounding: water and energy use, health, transportation, urbanization and regional development. Examples from around the world illustrate the relationships between regional land use, infrastructure development, quality of life and climate change. The contributors take special care to develop theory and models in real-world contexts as they emphasize both the science of climate change and its land use management, policy and investment implications. In addition, they pay special attention to bridging the gaps that may exist among science and engineering, stakeholder interests, and policy implementation. Students, scholars and practitioners in the areas of geography, planning, land use, civil and environmental engineering, environmental economics, and policy will find the approaches and strategies in this volume of great interest.

The topics discussed in the Handbook on the Economics of Natural Resources are essential for those looking to understand how best to use and conserve the resources that form the foundation for human well-being. The expert contributors to this Handbook provide insightful solutions to many of the problems that growing populations now face. Organized into four fundamental parts, this book sketches the likely developments in the field of natural resource economics and paves the way for new thinking in the areas of: - nonrenewable resources - modeling of biological resources - conservation of biological resources - water resources. A key source of the most important research in the field, this important book will be of interest to graduate students, instructors and scholars in natural resource economics. Contributors: H.J. Albers, G.S. Amacher, R.M. Auty, E.B. Barbier, O. Bayasgalan, A. Bhaduri, R. Boadway, E.C. Edwards, E.P. Fenichel, G. Gaudet, S. Gopalakrishnan, R.Q. Grafton, R. Griffin, R. Halvorsen, J.M. Hartwick, M. Herrmann, D. Holland, M. Keen, Y. Kuwayama, P. Lasserre, R. Laxminarayan, D.F. Layton, G.D.Libecap, J. Livernois, S.C. Newbold, S. Olmstead, E.J.Z. Robinson, S.W. Salant, J. Siikamaki, H. Thille, S. Wheeler

In the current era of globalisation, national governments are increasingly exposed to international influences which can present many new constraints and opportunities for domestic environmental policies. This comprehensive Handbook pushes the frontiers of theoretical and empirical knowledge, and provides a state-of-the-art examination of the critical effects of globalisation on environmental governance. Following a comprehensive introduction by the editors, the expert contributors analyse key concepts and recent developments in themes such as national regimes, types of environmental goods, trade rules and environmental policies, eco-innovation policy, government-business cooperation, the role of citizen-consumers in environmental politics, and governance in developing countries. They also present various societal perspectives, including the role of businesses and non-governmental organisations. Eight original case studies address global influences on domestic environmental policies and government participation in international and supranational fora. The Handbook concludes with innovative and challenging views on the future role of national governments in global environmental governance. Including contributions from leading authorities in academia, government, and business, this comprehensive new Handbook provides an insightful overview of the powerful effect of globalisation on national environmental policy. The depth and scope of the work will ensure a broad and varied readership, including academics, students, and policymakers in the fields of governance, environmental politics and law, international relations, and political science.

This important new book enhances our understanding of the dynamic interactions between economic activity, economic growth, pollution abatement and environmental policy. It addresses one main policy problem: how can the direct and indirect costs of environmental policy for multiple pollutants be properly assessed in an applied model? Using an original methodology, the author constructs a multi-sectoral dynamic applied general equilibrium model. This new integrated model greatly improves the empirical analysis of the dynamic reactions of economic agents to pollution control, explicitly taking into account the direct and indirect effects of abatement on the economy and the environment. The author goes on to apply the model to study the costs of various environmental policies including climate change, acidification, eutrophication, smog formation and the dispersion of fine dust. He finds that if environmental policies can be implemented simultaneously and in a cost-effective manner, the economic costs of these policies can be effectively limited through a combination of economic restructuring and adopting technical abatement measures. Modelling the Costs of Environmental Policy will prove essential and enlightening reading for scholars, students and researchers of environmental and resource economics, environmental policy and economic modelling.

This major annual publication provides a state-of-the-art survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year's volume include: the management of high seas fisheries; choosing environmental risks; the stability and design of international environmental agreements; managing environmental risk through insurance; motor vehicles and the environment; recreation demand models; stated preference methods for environmental valuation; pollution control policy in developing countries.

How can markets help us address the challenges of climate change? Most current climate policies require hard-to-enforce collective action and focus on reducing greenhouse gases rather than adapting to their negative effects. Editor Terry L. Anderson brings together essays by nine leading policy analysts who argue that adaptive actions can typically deliver much more, faster and more cheaply than any realistic climate policy.

Deforestation and agricultural land degradation are major problems in developing countries. While they have attracted much attention, most analyses and policy recommendations examine them in isolation from their broader economic and policy setting. This path breaking and timely book takes an economy-wide approach to the analysis of developing-country resource degradation problems. The Open Economy and the Environment asks what globalization means for environmental quality and the use of natural resources in developing economies. The authors develop theoretical models that trace the effects of trade and trade liberalization on sectoral resource allocation, factor returns, income and welfare, as well as incentives to clear forest and degrade agricultural land. The models reflect important developing economy features including spatial distinctions between uplands and lowlands, open-access forest resources and the special features of domestic food markets. The authors also analyze representative economy submodels, explore empirical cases based on applied general equilibrium models of Asian economies, and examine welfare and environmental implications of migration, trade liberalization and development policy. Researchers and graduate educators in agricultural, development, environmental and international economics, will find the core subject matter of this book of great interest, as will economists specializing in Asian economies.

This major annual publication provides a state-of-the-art survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year's volume include: * contingent valuation * environmental policy, technological change and economic growth * land use decisions and policy * sustainability indicators * value transfer and environmental policy * joint implementation in climate change policy * environmentally harmful subsidies.

Economic Growth and the Environment explores the debate on how to reconcile economic growth with protection of the natural environment, and the closely related discussion on whether an increasing scarcity of natural resources will eventually force economic growth to cease. The debate focusses on whether environmental policies will benefit the economy or not, and is divided into growth optimists and growth pessimists. In general, economists have been optimistic and have pointed to the possibilities of technological progress and substitution, yet they also acknowledge that natural resources and environmental concern do restrict economic growth. The difficulty lies in quantifying the constraint to economic growth. Modern growth economists have constructed models to examine to what extent 'growth pessimism' is theoretically warranted. This book provides an introduction to some of these models, brings together the discussion between growth optimists and pessimists, and presents the theory behind their arguments. It aims to present models where both sides can meet and where both are able to derive expected results with the parameter values that they deem appropriate. From there, the discussions can turn to the empirical observations about these parameters. This book will be of interest to advanced undergraduates in economics, microeconomics, economic growth, sustainable development, and environmental economics. Each chapter concludes with a set of Exercises designed to help the reader master the models.

This manual offers a detailed, up-to-date explanation of how to carry out economic valuation using stated preference techniques. It is relevant for the application of these techniques to all non-market goods and services including air and water quality; provision of public open space; health care that is not sold through private markets; risk reduction policies and investments not provided privately; provision of information as with the recorded heritage, the protection of cultural assets and so on. The resulting valuations can be used for a number of purposes including, but not limited to, demonstrating the importance of a good or service; cost-benefit analysis; setting priorities for environmental policy; design of economic instruments; green national/corporate accounting, and natural resource damage assessment. Compiled by the leading experts in the field, this manual starts by explaining the concepts. It shows how to choose the most appropriate technique and how to design the questionnaires. Detailed advice on econometric analysis is provided, as well as explanation of the pitfalls that need to be avoided.

In this book a distinguished group of international contributors, from both developing and higher income countries, identify and discuss major social conflicts, labour and distributional concerns, environmental issues and impacts arising from the very rapid increase in globalisation experienced since the early 1970s. Issues considered include possible alternatives to globalisation; cultural and linguistic inequalities associated with globalisation, consequences of growing regionalism and economic inequality between and within nations. Poverty, international migration, biodiversity conservation, natural resource sustainability, and global trade in genetically modified organisms (GMOs) are also discussed. A substantial introductory chapter provides a significant overview of the rate and process of economic globalisation and integrates the contributions and their interconnections for the reader. Economic Globalisation offers policy proposals and responses and represents divergent views and rigorous theoretical analysis. Economists, particularly those with an interest in international economics, labour, environmental and ecological economics, macroeconomics and social economics will all find this book of great interest.

Despite the extensive body of literature on energy economics, very little economics research has been conducted that focuses specifically on dams and hydroelectric power. Brian Edwards addresses this deficiency by examining the multiple roles that dams play, as well as the role of hydroelectric power within the context of the energy industry. Brian Edwards provides an in-depth analysis of how dams are used in water management, flood control and irrigation, as well as the environmental impacts of their construction and operation. He examines the types of restrictions imposed on operators to mitigate impacts, and the resulting tradeoffs between achieving hydroelectric generation and environmental management objectives. Also covered is the role of hydroelectric power in both a regulatory framework and within the context of the energy industry deregulation that has occurred in the US and other countries. A simple dynamic model of a hydroelectric generating facility forms the basis for other models discussed. Case studies of dams operated by the United States Department of Energy are also included. Environmental economists, researchers, policymakers, practitioners, and those interested in natural resources and the energy industry will find this a unique and valuable study.

Drawing on the biophysical sciences, public policy, geography, economics, exploratory research and the behavioural sciences, this book offers reviews and prescriptions for the future of ecological economics, placing particular emphasis on complex sustainability problems. The book is divided into three broad parts: challenges and reviews, reorientations and openings, and frameworks and applications. To begin, the authors illustrate the limitations of ecological economics by highlighting the lack of theory and method, the need for greater interdisciplinary co-operation and the domination by economists from developed nations. They move on to present strategies to address these shortcomings by focusing on interdisciplinary methods and their theoretical basis, discussing the future prospects for ecological economics, and addressing a host of ecological economic issues from a variety of natural and social science perspectives. They aim to challenge the notion of ecological economics by addressing 'what it is', and asking 'what it could be'. The book expands current thinking on ecological economics by exploring existing avenues for integrative and interdisciplinary research and discovering new overlaps with a range of other disciplines. It will appeal to ecological and environmental economists, and academics and researchers of the social sciences, particularly environmental science and geography.

During the past twenty years there has been an explosive growth in research into environmental issues from a social science perspective. Ecological economics, in particular, has emerged as a true transdiscipline which seeks to conceptualise environmental concerns, thus allowing for the formulation of appropriate policy measures. This volume takes stock of this emerging body of work and offers an authoritative insight into current environmental thought. The book is divided into three broad sections: Disciplinary Approaches, Concepts and Issues. Under the heading of disciplinary approaches, the authors review the state of environmental thinking in the diverse fields of philosophy, politics, sociology, economics and law. The concepts addressed include the precautionary principle, sustainable development, environmental security and ecological modernisation. Finally, in the last section, they assess a range of crucial environmental issues such as consumption, biodiversity, global climate change and population. Each of the specially commissioned chapters is written by a recognised expert in the field, while the book as a whole offers a unique interdisciplinary perspective. Ecological economists, environmental researchers and environmental policy analysts will all find this an accessible and highly rewarding introduction to contemporary environmental thinking.

The Kyoto Protocol was a milestone event in the process of getting global climate change on to the political agenda and taking the first tentative steps towards internationally co-ordinated action. This book brings together researchers from the disciplines of law, economics, political science and sociology to analyse the instruments which have been set up to manage climate change and the institutional shifts that are required for the reduction of greenhouse gases (GHGs). The authors highlight the need for an adequate implementation structure and well designed flexible instruments to enable emissions targets to be achieved. They discuss the level of international coordination which is required for the smooth operation of flexibility mechanisms and the importance of ensuring these instruments fit within existing national structures. In some countries, there are concerns that the introduction of cap and credit trading programmes may require an overhaul of existing environmental legislation. Technical innovations will also have a critical role to play in preparing the ground for increasingly ambitious controls of GHGs. The authors emphasise the need for an evolutionary development of instruments to support such innovations and the potentially vital roles of firms and governments to help their quick diffusion. This book presents an unusual, fascinating and highly instructive mixture of approaches which will be readily accessible to a broad array of readers from a variety of scientific backgrounds. It will prove invaluable to economists, political and social scientists, lawyers, practitioners and decision-makers involved with climate change policy and international environmental law.

This innovative book presents a series of up-to-date analyses of the economics of outdoor recreation. The distinguished group of authors covers real-world recreation management issues and applies economic understanding to these problems. An extensive introduction by the editors details the historical background of economists' interests in this subject, and reveals how economics can provide practical insights into improving how we manage our natural recreation areas.The book is divided into three parts, each of which focuses on a specific environmental resource: mountains, forests, and rivers and the sea. An array of valuation methods - including stated preference and revealed preference techniques - are then applied to various outdoor recreation activities which occur in these different settings. These include such diverse pursuits as rock climbing, skiing, fishing, hunting and whale watching. The authors clearly demonstrate how recreation modelling can offer a productive link between people (their preferences and behaviour) and the natural environment. With extensive empirical examples from Europe and North America, this book will be of great value to economists, governments and NGOs who are interested in the environment, development and tourism. It will also be a valuable source of reference for policymakers concerned with land use and natural resource management, and students of environmental and resource economics.

This major annual publication provides a state-of-the-art survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year's volume include: the management of high seas fisheries choosing environmental risks the stability and design of international environmental agreements managing environmental risk through insurance motor vehicles and the environment recreation demand models stated preference methods for environmental valuation pollution control policy in developing countries.

Although many books focus on law and economics, and environmental economics, this is one of the first to combine the two topics in a fully integrated and comprehensive manner. The authors successfully bridge the gap between the disciplines of environmental law and traditional economics in a lucid and highly accessible style. The Economic Analysis of Environmental Policy and Law covers many of the recent advances in the field and attempts to integrate some of the most crucial legal and economic instruments which, in the authors' view, have not yet been subjected to proper analysis. These include zoning, expropriation, licensing, third party liability, safety regulation, mandatory insurance and criminal sanctions. The authors pay particular attention to the interrelationships of these instruments and their various economic effects. Using a comparative law and economics methodology, they are also able to incorporate environmental law with international policy and investigate the many diverse rules of the legal system and their implementation in different countries. Crucially, the authors do not consider economics as the exclusive determinant in legal rule-making. They also highlight the need for ethical considerations and illustrate the potential limitations of pure economic analysis. The book assumes no prior knowledge of economics and will prove informative and rewarding for students of law and the social and natural sciences, especially those with an interest in environmental policy. With an extensive reference list and detailed notes on further reading material, this book will also serve as a stimulating introduction to the discipline of law and economics for environmental, political and legal practitioners.

The loss of biodiversity has put increasing pressure on the stability and continuity of ecosystems, and their ability to provide goods and services to mankind. This valuable new book addresses this issue and presents an integrated ecological-economic perspective on the analysis of biodiversity loss and conservation. It adopts a multidisciplinary approach and attempts both to provide a definition of biodiversity benefits as well as investigate alternative perspectives on biodiversity. The book also presents a classification of biodiversity values and effectively illustrates which economic valuation methods can best measure which type of biodiversity value. The distinguished authors move on to discuss the utility of the application of the economics-ecology interface and integrated modelling for the assessment of biodiversity values. In doing so, they consider the use of multi-criteria evaluation and meta-analytical methods to deal with the aggregation of information from multiple disciplines and past valuation studies, respectively. The book concludes by addressing the role of biodiversity indicators and monetary information for policy design and biodiversity management, devoting special attention to the certification and the ecolabeling of biodiversity benefits. The integration of economic and ecological theories and methods, and the strong methodological orientation will be of immense benefit to students, academics and researchers of environmental economics, environmental science and ecology. Policymakers involved with nature policy and management will also find this volume to be of great practical value.

At the UN Climate Negotiations in Copenhagen, 117 heads of state concluded that low-carbon development is necessary in order to combat climate change. However, they also understood that transition to a low-carbon economy requires the implementation of a portfolio of policies and programs - a challenging endeavour for any nation. This book addresses the need for information about factors impacting climate policy implementation, using as a case study one effort that is at the heart of attempts to create a low-carbon future: the European Emission Trading Scheme. It explores problems surrounding the implementation of the ETS, including the role of vested interests, the impact of design details and opportunities to attract long-term investments. It also shows how international climate cooperation can be designed to support the domestic implementation of low-carbon policies. This timely analysis of carbon pricing contains important lessons for all those concerned with the development of post-Copenhagen climate policy.

Choice Modelling is a technique that has recently emerged as a means of estimating the demand for environmental goods and the benefits and costs associated with them. The aims of the book are fourfold: * to introduce the technique in the environmental context * to demonstrate its use in a range of case studies * to provide insights into some methodological issues * to explore the prospects for the technique. The authors contributing to the book show that choice modelling offers considerable potential for the evaluation of environmental goods and services. Its flexibility to cope with a wide range of applications is well demonstrated. The technique also presents numerous challenges to practitioners. A number of these are addressed in the book. Informed and innovative, this book will prove indispensable to all scholars, researchers and practitioners in the areas of environmental studies and environmental economics.