Too often, economics disassociates humans from nature, the economy from the biosphere that contains it, and sustainability from fairness. When economists do engage with environmental issues, they typically reduce their analysis to a science of efficiency that leaves aside issues of distributional analysis and justice. The aim of this lucid textbook is to provide a framework that prioritizes human well-being within the limits of the biosphere, and to rethink economic analysis and policy in the light of not just efficiency but equity. Leading economist Eloi Laurent systematically ties together sustainability and justice issues in covering a wide range of topics, from biodiversity and ecosystems, energy and climate change, environmental health and environmental justice, to new indicators of well-being and sustainability beyond GDP and growth, social-ecological transition, and sustainable urban systems. This book equips readers with ideas and tools from various disciplines alongside economics, such as history, political science, and philosophy, and invites them to apply those insights in order to understand and eventually tackle pressing twenty-first-century challenges. It will be an invaluable resource for students of environmental economics and policy, and sustainable development.

This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries. The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.

This book discusses the problems of developing quality information on the availability of natural resources. Originally published in 1969

The book applies the principles of cost-benefit analysis, an international program in which an equitable division of costs and gains was an aim, along with economies of coordinated development. Originally published in 1967

First Published in 2011. Routledge is an imprint of Taylor & Francis, an informa company.

In a concise and crisp manner, this book presents the state of the art in ecological economics, an interdisciplinary field focused on the analysis of sustainability of global, national and regional economic systems. An elegant guide, the book offers a range of cutting edge methods used in sustainability research including multicriteria decision aid (MCDA), input-output analysis, and life cycle analysis. This book is packed with references for students with some background in economics, environmental science or mathematics who aim to develop the analytical skills required for redirecting our development path towards sustainability in government, international organisations, academia, non-profit sector and business. As such, the book is primarily aimed at MSc and first year PhD students reading for degrees in Environmental Change and Management, Ecological Economics, Environmental Management, Philosophy, Politics and Economics, and those taking part in similar programmes. The book strives to develop the idea that a significant adjustment of the current economic theories is required, an idea supported by the emerged world economic crisis, the climatic and biodiversity crisis the world is currently facing and the enormously slow progress that has been made in the field of reorientation of the global economy towards sustainability. The practical case studies provided focus on the most pressing topics of today, and the book adopts a positive approach for problem solving and strategic development, which is aimed at educating the future decision makers and business leaders.

Presenting a comprehensive analysis of the use of alternative sources of energy and technologies to produce fuels and power, this book describes the energy value chain from harvesting the raw material, (i.e solar, wind, biomass or shale gas) followed by analysis of the processing steps into power, fuels and/or chemicals and finally the distribution of the products. Featuring an examination of the techno-economic processes and integration opportunities which can add value to by-products or promote the use of different sources of energy within the same facility, this book looks at the tools that can make this integration possible as well as utilising a real world case study. The case study of the operation of "El hierro" island is used as an example of the current effort towards more efficient use of the resources available. Tackling head on the open challenges of the supply, the variability of the source and its prediction, the description of novel processes that are being developed and evaluated for their transformation as well as how we can distribute them to the consumer and how we can integrate the new chemicals, fuels and power within the current system and infrastructure, the book takes a process based perspective with such an approach able to help us in the use and integration of these sources of energy and novel technologies.

This book explores the causes and consequences of market failure in bridging societal differences to create a shared economy. It questions the current world order and evaluates socio-economic gains in reference to the social origins of the economic agents. With a need to counterbalance economic growth with social equality and environmental sustainability, the book proposes innovative approaches to address key questions on the contemporary global economy such as, "Is the Global socio-economic order supportive of the pursuit of rational and enlightened self -interest?", "Is it a unipolar power centre and neoliberal economic policy regime?", "Can the system reinvent itself?", etc. One approach encourages going back to the golden past and making things "great again", insisting that history has ended and the failures of old global institutions be blamed on the "Clash of Civilizations". Another approach advocates giving up the intellectual comfort zone of elegant but irrelevant neo-liberal explanations of global challenges and asking new questions that take academic debate to the public square. The book examines the internal challenges and contradictions that cause disintegration and proposes alternative ideas and practices in moving the global community beyond the free market regime. The book will appeal to students and academics of development studies, political economy, political science, sociology, as well as policymakers and public opinion makers interested in creating a new egalitarian global society.

This book provides an integrated approach to the assessment of seismic hazards. The reduction of losses expected by future earthquakes is probably the most important contribution of seismology to society. Large earthquakes occurred in densely populated areas highlight the dramatic inadequacy of a massive portion of the buildings demonstrating the high risks of modern industrial societies. Building earthquake-resistant structures and retrofitting old buildings on a national scale can be extremely expensive and can represent an economic challenge even for developed western countries. Earthquakes can cause also several psychological problems due to the fact that such kind of disasters will result in casualties, collapsing of houses, strategic buildings and facilities and deeply affect a community. Moreover in our society it is necessary to properly plan emergency responses and rescues taking into account any possible secondary effect in order to avoid more casualties.

This book examines the global scope of tourism-related grabbing of land and other natural resources. Tourism is often presented as a peaceful and benevolent sector that brings people from different cultural backgrounds together and contributes to employment, poverty alleviation, and global sustainable development. This book sheds light on the lesser known and much darker side of tourism as it unfolds in the Global South. While there is no doubt that tourism has been an engine of economic growth for many so-called developing countries, this has often come at the cost of widespread dispossession and displacement of Indigenous and non-indigenous communities. In many countries of the Global South, tourism development is increasingly prioritised by governments, businesses, international financial institutions and donors over the legitimate land and resource rights of local people. This book examines the actors, drivers, mechanisms, discourses and impacts of tourism-related land grabbing and displacement, drawing on more than thirty case studies from Latin America and the Caribbean, sub-Saharan Africa, South and Southeast Asia, the Middle East and the Southwest Pacific. The book provides solid grounds for an informed debate on how different actors are responsible for the adverse impacts of tourism on land rights infringements, what forms of resistance have been deployed against tourism-related land grabs and displacement, and how those who have violated local land and resource rights can be held accountable. Tourism, Land Grabs and Displacement will be essential reading for students and scholars of land and resource grabbing, tourism studies, development studies and sustainable development more broadly, as well as policymakers and practitioners working in those fields.

Global interest in forest conservation, biodiversity preservation, and non-timber values has risen while pressures on the forest as a source of income and employment have also increased. These demands are often conflicting, making forest planning, allocation, and policy formation very complex. This volume explores theoretical and applied issues surrounding forest resource allocation. The book is divided into three sections: (1) Tropical Forests: Environment, Economics and Trade, (2) Non-Timber Valuation: Theory and Application, and (3) Ecosystem Management. The first section focuses on tropical forests, reflecting the fact that global environmental concerns surrounding these regions are often in conflict with local economic objectives. The chapters in this section examine mechanisms for capturing or optimizing total (timber and non-timber) economic value from tropical forests and the implications of forest policy on global trade in forest products and production from tropical forest regions. The second section examines non-timber values. These values, particularly existence or passive use values, are important in planning and policy decisions. However, these non-timber valuation techniques are also very controversial. This section examines theoretical advances in non-timber valuation and presents case studies employing state of the art techniques. The third section considers ecosystem management, a concept that promotes the use of forest harvesting practices that mimic natural disturbance patterns. The impact of ecosystem management on timber and non-timber values is largely unknown. The chapters in this section explore these issues from theoretical and applied perspectives. Overall, the book will be of interest to readers in forestry and environmental economics.

This book examines green management practices among top-performing companies operating on the Chinese mainland. It begins with the question: what constitutes a "green" company? Is this definition different when we consider China's sustainability efforts? Taken into consideration are such aspects as green management vision, supplier management programs, resource usage and investment in the environment. Through in-depth interviews with sustainability leaders and top executives, this Green Management Book will reveal how to systematically create or improve existing green management strategies in China. It uses actual case studies from domestic and foreign companies to highlight these practices. Over 2 years of extensive research - working with the research board of the Fortune China CSR rankings and China-based CSR strategy platform InnoCSR - contribute to a comprehensive list of companies that are leading the way towards a greener China.

Originally published in 1992 Economics for the Wilds argues that an economics that properly values the resources of the wilds offers the best long-term security for their future. Most of the world's wilds have, in fact, always been utilized by local societies who have managed their resources sustainably, and one important guarantee for their preservation is therefore the continued participation of those communities and an adequate reward to them for their management. The book looks at the complexity and global nature of the issues, at the application of economics to the wilds and at the policies for their conservation and sustainable management which then result. It also examines specific forms of utilization of wild species and habitats, both sustainable and unsustainable, and including community-based development, tourism, the use of rainforest products, poaching and the impact of conservation on wildlife use. The book concludes that a comprehensive utilization strategy for wild resources is needed to ensure their continued existence and the continued flow of benefits from them.

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It's time for MPT to evolve. The authors propose a new imperative to improve finance's ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT's focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

This book considers the concept of 'value' at the root of our actions and decision-making. Value is an ever-present, yet little interrogated aspect of everyday life. This book explores value as it is theorised, practiced and critiqued from a variety of disciplinary perspectives. It examines how value is operationalized, endorsed and contested in contemporary society. With international insights from leading scholars, chapters offer a diverse and vibrant geographical engagement with value to showcase its conceptual flexibility. The book explores value's eclectic epistemic foundations; it's 'roll-out' and legitimation across a range of policy fields; and its challenges and opportunities. The book draws on global examples of value in practice: from forest conservation in Indonesia; protected area management in arctic Norway; a state park in the US; certification schemes for biodiversity in the UK; protection of the international night sky; heritage planning in East Taiwan; a re-developed airport site in Norway; a, local food networks in Canada and the UK; a market in the US and urban development in China. The book will be of interest to human geographers, political ecologists, heritage scholars and practitioners, planners and those working in public policy, as well as practitioners and policy makers interested in how valuation processes work.

The book is meant to improve our understanding of sustainable development of production and consumption. Monetary values of the impact of emission and resources are determined, and used in environmental management, with a focus on sustainability. Values related to cultural context are not possible to predict, therefore ignored. The book only focuses on environmental goods and services that are used to satisfy basic human needs. One of the benefits of monetary valuation is its holistic approach. The impact of any contributing factor on the total value, can be determined, and the sensitivity to uncertainty in inputs can be estimated. This is useful in developing knowledge, where it is most needed. In a society, there are many economic units which need to function in tandem to support human welfare. Each unit has its own system boundary in what it includes and covers in time and space. The system boundary of a sustainable unit is likely to be very long and wide. This book provides data on long term monetary values of environmental impacts from human activities. It discusses the choice of system boundaries, and how to use monetary values in sustainable development. A large part of the book describes impact models in terms of the relation between emissions and natural goods and services.

This book explains how the U.S. federal system manages environmental health issues, with a unique focus on risk management and human health outcomes. Building on a generic approach for understanding human health risk, this book shows how federalism has evolved in response to environmental health problems, political and ideological variations in Washington D.C, as well as in-state and local governments. It examines laws, rules and regulations, showing how they stretch or fail to adapt to environmental health challenges. Emphasis is placed on human health and safety risk and how decisions have been influenced by environmental health information. The authors review different forms of federalism, and analyse how it has had to adapt to ever evolving environmental health hazards, such as global climate change, nanomaterials, nuclear waste, fresh air and water, as well as examining the impact of robotics and artificial intelligence on worker environmental health. They demonstrate the process for assessing hazard information and the process for federalism risk management, and subsequently arguing that human health and safety should receive greater attention. This book will be essential reading for students and scholars working on environmental health and environmental policy, particularly from a public health, and risk management viewpoint, in addition to practitioners and policymakers involved in environmental management and public policy.

Environmental Problems in the Shortage Economy is one of the first books to analyse environmental disruption under the Soviet economic system. Using original Soviet data the author shows that considerable damage has been done to the environment and that measures which were intended to protect it have been largely ineffective.A detailed account of environmental problems in the Soviet economy is followed by discussion of two specific problems: the ineffectiveness of measures to protect the environment and the general mismanagement of natural resource extraction. In order to explain these problems, a framework is adopted which views the former Soviet Union as a shortage economy with environmental problems as part of its general functioning. Further insight into the impact of the shortage economy on the management of natural resources is provided by a case study on the use of forestry resources. The book also includes an account of Soviet academic work in the field of environmental economics. This rigorous and authoritative assessment of the implications of Soviet environmental policy will be welcomed by environmental economists and political scientists concerned with the wider legacy of the Soviet Union and its economic policy.

This book offers a lively account of the humanitarian, economic, societal, and planetwide impacts of the pandemics, the COVID-19 pandemic included, which are traced back to as early as the 14th century plague pandemic. Placing the pandemics along with other globally shared resources, such as global warming, AI singularity, and high-risk physics experiments, each of the nine chapters of the book discusses the global health crises from a variety of unique standpoints, including infectious diseases, economics, governance, and public health. Based on the historical records of past pandemics and the rich data from the COVID-19 pandemic, a conceptual framework is presented for the economics of pandemics as a globally shared experience. This book aims to critically examine salient features in the global responses to the COVID-19 pandemic, including global governance, lockdowns, radical movements, and mRNA vaccines. The book will be a valuable resource to students, researchers, and policymakers who are working in the fields of environmental economics, global-scale public goods, and health economics.

The 2007-2008 financial crisis exposed the shortcomings of mainstream economic theory with economists unprepared to deal with it. In the face of this, a major rethinking of economics seems necessary and in presenting alternative approaches to economic theory, this book contributes to the rebuilding of the discipline. This volume brings together contributions from different perspectives and theoretical approaches that address the challenge of updating the economic theory corpus and seek to recover prestige for this discipline after the failure of neoclassical economics. It addresses a range of topics, including the complexity approach to economics, category theory, the Post-Keynesian approach to micro and macroeconomics, financialisation, multidimensional analysis and ecological economics. The book is aimed at economics scholars, researchers, academics and practitioners, as well as upper undergraduates and graduates in this area of knowledge. It may also be of interest for people interested in methodological issues in economics and the relationship between economic theory and the real world.

These investigations identify and clarify some basic assumptions and methodological principles involved in ecological explanations of plant associations. How are plants geographically distributed into characteristic groups? What are the basic conditions that organize groups of interspecific plant populations that are characteristic of particular kinds of habitats? Answers to these questions concerning the geographical distribution of plants in late 19th century European plant geography and early 20th century American plant ecology can be distinguished according to differing logical assumptions concerning the habitats of plant associations. Through an analysis of several significant case studies in the early history of plant ecology, Konopka distinguishes a logic of habitats that conceives of plant associations in an analogy to individual organisms with a logic that conceives of plant associations in a reciprocal relation to habitat physiography. He argues that a phenomenological conception of the logical attributes of habitats can philosophically complement the physiographic tradition in early plant ecology and provide an attractive alternative to standard reductionism and holism debates that persist today. This wide ranging and original analysis will be valuable for readers interested in the history and philosophy of ecology.

This book addresses the relevance of geographical indication (GI) as a tool for local and socio-economic development and democratization of agri-food, with case studies from Asia, Europe and the Americas. A geographical indication is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. It provides not only a way for businesses to leverage the value of their geographically unique products, but also to inform and attract consumers. A highly contested topic, GI is praised as a tool for the revitalization of agricultural communities, while also criticized for being an instrument exploited by global corporate forces to promote their interests. There are concerns that the promotion of GI may hamper the establishment of democratic forms of development. The contributing authors address this topic by offering theoretically informed investigations of GI from around the world. The book includes case studies ranging from green tea in Japan, olive oil in Turkey and dried fish in Norway, to French wine and Mexican Mezcal. It also places GI in the broader context of the evolution and trends of agri-food under neoliberal globalization. The book will be of interest to researchers, policy makers and students in agri-food studies, sociology of food and agriculture, geography, agricultural and rural economics, environmental and intellectual property law, and social development.

By departing from conventionally analytical tools such as Cobb-Douglas and CES production functions, the author quantitatively analyses the production structure and productivity of Japanese agriculture for the second half of the 20th century. To achieve this objective the book uses newly developed analytical tools from the early-1950s through to the 1980s such as the duality theorem, flexible functional forms, and index number theories. By making full use of these newly developed analytical tools, the author offers comprehensive, consistent, integrated, and reliable empirical results for analysing the production structure and productivity of postwar Japanese agriculture.
Volume 1 utilises the crop-livestock multiple product total and variable translog cost to quantitatively assess production structure and productivity from 1957-1997. Important indicators of production are estimated for different size classes for each
year and are compared over time. Furthermore, a distinctive feature of Volume 1 is the introduction of a newly devised method for decomposing the growth rate of labor productivity. This process departs from the conventional Solow growth account method, which is not explicitly integrated with the theory of the firm.

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It's time for MPT to evolve. The authors propose a new imperative to improve finance's ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT's focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

Provides an understanding for the fundamental economic approaches to groundwater policy and project evaluation Incorporates cost-benefit analysis and life-cycle approaches in a triple-bottom line framework Includes new case studies on economics of groundwater data for decisionmaking Addresses local and regional groundwater economic choices through a series of practical applications Explains the economic value of groundwater recharge for sustainable use and needs