Dynamic and Stochastic Resource Economics: Essays on Biodiversity, Invasive Species, Joint Systems, and Regulation is a collection of Professor Batabyal's previously published and unpublished papers on the subject of natural resource and environmental economics. The book demonstrates how new dynamic and probabilistic techniques can be profitably used to study a whole host of research questions in natural resource management, biological diversity, ecological economics, invasive species management, and environmental regulation.The book collects the results of frontier-level research in many different areas within the general field of natural resource and environmental economics. It also shows how theoretical modeling, frequently using techniques that are unfamiliar to economists, can be gainfully utilized to shed new light on a whole host of issues, some of which have not been modeled previously in a comprehensive manner. Finally, this book draws connections between the different areas that are covered so as to provide a common methodological approach to research questions and a unified perspective on the key issues in natural resource and environmental economics.

The topic of 'stranded assets' created by environment-related risk factors has risen up the agenda dramatically, influencing many pressing topics in relation to global environmental change. For example: how best to manage the exposure of investments to environment-related risks so that financial institutions can avoid stranded assets; the financial stability implications of stranded assets and what this means for macroprudential regulation, microprudential regulation, and financial conduct; reducing the negative consequences of stranded assets by finding ways to address unemployment, lost profits, and reduced tax income; internalising the risk of stranded assets in corporate strategy and decision-making, particularly in carbon intensive sectors susceptible to the effects of societal action on climate change; underpinning arguments by civil society campaigns attempting to secure rapid decarbonisation to reduce the scale of anthropogenic climate change; and designing decarbonisation plans developed by governments, as well as companies and investors. Taken as a whole, this book provides some of the latest thinking on how stranded assets are relevant to investor strategy and decision-making, as well as those seeking to understand and influence financial institutions. This book was originally published as a special issue of the Journal of Sustainable Finance and Investment.

This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities finance, mathematics & stochastics, international macroeconomics and financial econometrics. Financial Mathematics, Volatility and Covariance Modelling: Volume 2 provides a key repository on the current state of knowledge, the latest debates and recent literature on financial mathematics, volatility and covariance modelling. The first section is devoted to mathematical finance, stochastic modelling and control optimization. Chapters explore the recent financial crisis, the increase of uncertainty and volatility, and propose an alternative approach to deal with these issues. The second section covers financial volatility and covariance modelling and explores proposals for dealing with recent developments in financial econometrics This book will be useful to students and researchers in applied econometrics; academics and students seeking convenient access to an unfamiliar area. It will also be of great interest established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.

Originally published in 1986. Energy economics emerged in the 1970s as one of the most controversial and critical aspects of European economic and political development. This book provides a fully comprehensive but easily accessible guide to the key issues of energy policy, placing them in a European context. As well as discussing oil price movements and their effects on European prosperity, it assesses the role of energy conservation and pricing policies. The chapters discuss the economic, political and social impact of nuclear power programmes, North Sea oil and gas discoveries, Soviet gas imports, and coal field closures, and go on to forecast possible future developments. This is for all those concerned with European and energy studies, especially political scientists, geographers, economists, and environmental and resource specialists.

This book provides a wide-ranging comparative analysis of contemporary economic, social, political and environmental change in small islands, island states and territories, through every ocean. It focuses on those island realms conventionally perceived as developing, rather than developed, in the Caribbean, Pacific and Indian Oceans.John Connell examines the decline of agriculture and the rise of tourism, the problems of urbanization, and the particular role of migration and remittances, within a culture of migration. He seeks to balance economic challenges with environmental threats, notably that of climate change, and social changes with the survival of culture, pointing to awkward and hybrid development futures. This unique study comprehensively balances environmental, social and economic changes to provide a more wide-ranging assessment of sustainability that will be invaluable for academics and postgraduate students on environment and international development courses. Contents: Preface 1. Introduction 2. Islands and Political Economies 3. The Historic Core: Agriculture and Fisheries 4. Towards Modern Economies? 5. Urban Futures? 6. Leaving the Islands: International Migration 7. Environmental Change 8. Islands at Risk? References Index

The future of clean energy is no longer about science and technology; it's all about access to finance. The fossil fuel industry has been subsidized for decades with tax breaks and government backing, while renewables have struggled to compete. But now clean energy is the safe bet for investors, as is argued in Renewable Energy Finance: Powering the Future, edited by Dr Charles Donovan, Principal Teaching Fellow at Imperial College Business School.With a foreword by Lord Brown and contributions from some of the world's leading experts in energy finance, this timely book documents how investors are spending over US$250 billion each year on new renewable energy projects and positioning themselves in a global investment market that will continue to expand at double-digit growth rates until 2020. It documents first-hand experiences of the challenges of balancing risk and return amid volatile market conditions and rapid shifts in government policy.Renewable Energy Finance provides an insider's perspective on renewable energy transactions, and insight into how countries like the US, India and China are responding to the global energy challenge. Drawing together contributions from senior executives and leading academics, Renewable Energy Finance serves an audience of readers craving intelligent, practical perspectives on the future of clean energy investment.

Imagine a waste-free future for your business, your family, and yourself A circular economy is an economic system designed to save money, eliminate waste, and achieve deep sustainability. No-brainer, right? Circular Economy For Dummies explains why the old way of doing things (linear economy) is fast going the way of the dinosaurs, and it gets you ready to think circular. From business processes and material lifecycles to circular design in just about every industry, this book is a fascinating glimpse into our sustainable future. Whether you're looking to close the resource loop in your business or develop a greener lifestyle for yourself and your family, this book shows you how. Learn how to innovate for circular economy, how to turn trash into treasure, and how to calculate the (potentially large) amount of money this will save you. And--bonus--you'll feel good doing the right thing and being a part of our sustainable future! Challenge the assumptions behind the old-school "linear economy" model Learn how we can work together to achieve a waste-free future Save money by rethinking your resource use or business supply chain Reimagine households, neighborhoods, schools, companies, and societies The future is circular. Buck business-as-usual and learn how to create a circular economy for all!

The world economy today is at an historical inflection point. The neoclassical (industrial) model of economics is self-destructing while a new life-mimicking model, based on radically different assumptions, is emerging. Although rarely acknowledged in economic journals, Nordic countries, which pioneered the life-mimicking model, have become world leaders in prosperity and productivity while those operating on the older neoclassical/industrial model are trapped in downward spirals. By approaching economies as sub-systems of life rather than super-systems that transcend life, we gain transformative insights. Such thinking led to the first circular economy experiments in Kalundborg (Denmark) during the 1970s, then quickly spread to the rest of the Nordic world. By placing a higher value on living assets (people and Nature) than on non-living capital assets, this approach generates harmony rather than exploitation and conflict. Because Nordic people feel vested in the system and responsible for its success, they are extraordinarily innovative and productive. That is why Nordic companies are regularly rated among the world's most sustainable and profitable in their fields - even though their region holds less than half of one percent of the world's population. Written in an accessible way for non-economists, the book is ideal for readers interested in the benefits of biomimicry and methods of guiding democratic countries along a proven path of self-renewal. Economies That Mimic Life will also provide useful background for corporate leaders in scenario planning and strategic thinking. Knowing which way the political-economic wind is blowing will become increasingly important to corporate survival.

For at least two decades, scholars and practitioners have argued that international beneficiaries of ecosystem conservation should help pay for the supply of services from which they benefit. Yet these arguments have remained inchoate and have had little real impact on the ground. Bishop and Hill's excellent edited volume should help change that. The chapters are chock full of insights and guidance for scaling payments for environmental services to the international level. Everyone interested in the formidable problems of generating sufficient, reliable funding for international ecosystem conservation and spending these funds efficiently should read this book.' - Paul J. Ferraro, Georgia State University, USGlobal Biodiversity Finance sets out the case for scaling up Payments for Ecosystem Services (PES) at the international level. The book explores how International Payments for Ecosystem Services (IPES) can help capture the global willingness-to-pay for biodiversity, and how the resulting revenues can be used efficiently to encourage conservation and the sustainable supply of ecosystem services, on which we all depend. This timely volume includes examples of promising initiatives from around the world, supporting an agenda for action to make IPES a reality. Key questions addressed in this volume include: - Which ecosystem services are most likely to attract voluntary international payments? - How can we assess the international demand for particular ecosystem services? - How can potential importers of intangible ecosystem services ensure they receive value for money? - What is needed to become a competitive exporter of ecosystem services? - What kind of brokering and other services are needed to facilitate agreements between importers and exporters of ecosystem services? - What examples exist of international payments for ecosystem services, and what do they tell us about the potential for scaling up IPES? Researchers, teachers, policy makers, civil servants and technical staff of NGOs working at the interface between business and nature should find much useful material in this book. Contributors: A. Baranzini, N. Bertrand, J. Bishop, B. Borges, P. Covell, S. Engel, A.-K. Faust, L.A. Gallagher, C. Hill, D. Huberman, K. Karousakis, T. Koellner, M. Lehmann, A. Lukasiewicz, D. Miller, B. Norman, J. Olander, W. Proctor, F. Sheng, F. Vorhies, S. Waage, T. Wunscher, R.T. Zuehlke, S. Zwick

This book aids those concerned about environmental issues to firmly grasp relevant analytical methods and to comprehend the thought process behind environmental economics. It does so by drawing from specific environmental issues and at the same time providing commentary that facilitates understanding. This text contains in-depth explanations necessary for a thorough understanding of the fundamental aspects and importance of environmental economics. Environmental Economics seeks to elucidate the mechanisms that give rise to environmental problems by approaching environmental issues from an economic perspective. At the same time, it is a study aiming to indicate specific countermeasures that could resolve present environmental issues. This text has been put together in way that allows readers without specialized economics knowledge to easily understand the situation, issues and challenges of environmental economics.

Energy issues feature frequently in the economic and financial press. Specific examples of topical energy issues come from around the globe and often concern economics and finance. The importance of energy production, consumption and trade raises fundamental economic issues that impact the global economy and financial markets. This volume presents research on energy economics and financial markets related to the themes of supply and demand, environmental impact and renewables, energy derivatives trading, and finance and energy. The contributions by experts in their fields take a global perspective, as well as presenting cases from various countries and continents.

This book is based on the author's published research and uses the principal-agent methodology as a consistent framework for analysing and evaluating the development of the European Union's agricultural land use policy as it has evolved over the last two decades from voluntary set-aside to 'compliance' set-aside to environmental stewardship. The book begins with an introduction to the principal-agent methodology and to the historical development of agricultural land use policy in the CAP (Common Agricultural Policy). There are also literature-based introductions which contextualise each major part of the book (Parts A and B). The book concludes with some reflections and forward-looking comments on policy design lessons from this research, which will be of use to students, academics and policymakers.

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 collection breaks new ground by investigating applications of degrowth in a range of geographic, practical and theoretical contexts along the food chain. Degrowth challenges growth and advocates for everyday practices that limit socio-metabolic energy and material flows within planetary constraints. As such, the editors intend to map possibilities for food for degrowth to become established as a field of study. International contributors offer a range of examples and possibilities to develop more sustainable, localised, resilient and healthy food systems using degrowth principles of sufficiency, frugal abundance, security, autonomy and conviviality. Chapters are clustered in parts that critically examine food for degrowth in spheres of the household, collectives, networks, and narratives of broader activism and discourses. Themes include broadening and deepening concepts of care in food provisioning and social contexts; critically applying appropriate technologies; appreciating and integrating indigenous perspectives; challenging notions of 'waste', 'circular economies' and commodification; and addressing the ever-present impacts of market logic framed by growth. This book will be of greatest interest to students and scholars of critical food studies, sustainability studies, urban political ecology, geography, environmental studies such as environmental sociology, anthropology, ethnography, ecological economics and urban design and planning.

This comprehensive Handbook explores the role that economics plays in water resource use, management, and policy. The contributors cover a continuum of topics that individually and jointly represent the state of the art of water economics.Leading scholars demonstrate ways in which economic theory, tools, and analyses have been used to address a variety of water-related issues over the years and, subsequently, to create better-informed policy and management decisions. Acknowledging and building upon the seminal research related to water economics, this book offers a current and provocative exploration of a variety of topics, including: the role of institutions in developing sound water policy and water sustainability extraction, production, and use of surface water, groundwater, and recycled water, including the conjunctive use of these resources the use of water in industrial, residential, agricultural, and hydropower sectors as well as for the environment and ecosystems the role of experimental economics; methods to address climate change effects and adaptation; developments in the field of nonmarket valuation; approaches to nonpoint source pollution control and salinity pollution; issues related to water in the developing world; water and economic growth; and management of international water. The Handbook of Water Economics will prove to be an enlightening, thought-provoking, and practical read for PhD students, researchers in water economics and management, water-related agency staff, and professionals interested in water-related economic issues at the local, state, national, and international levels. Contributors: E. Ansink, K.A. Baerenklau, E.B. Barbier, R. Bark, H. Bejarano, K. Burnett, R.T. Carson, J. Connor, O.G. Davila, A. Dinar, D.P. Dupont, B. Franklin, R.Q. Grafton, K. Hansen, F. Hernandez-Sancho, H. Houba, B.H. Hurd, W.K. Jaeger, P.-O. Johansson, S. Kaplan, V. Kerry Smith, K.C. Knapp, P. Koundouri, B. Kristroem, A. Loch, M. Molinos-Senante, S.K. Pattanayak, S. Pongkijvorasin, S. Renzetti, J. Roumasset, K. Schwabe, J. Shortle, V.K.Smith, D. Squires, Y. Tsur, C.A. Wada, J. Wang, F.A. Ward, S.A. Wheeler, D. Whittington, M.-Q. (Kent) Zhao, D. Zilberman

The Blue Economy is emerging on the global scene as a powerful and persuasive new concept for sustainable development based on economic activities associated with the ocean. Several regions globally have adopted this concept at national and regional levels, including the Caribbean. Given the complex, multisectoral and multilevel nature of the Blue Economy, it is clear that different approaches will be needed for different regions. Hence, this volume explores the opportunities, threats and risks involved in operationalising the Blue Economy in the Wider Caribbean Region, defined as northern Brazil to the USA and all mainland and island countries and territories in-between. The first part of the book looks at where the region stands in the global picture regarding adoption of the Blue Economy and what is planned. The second set of chapters examines key crosscutting issues such as ecosystem services, climate change and governance at national and regional levels that could make or break the Blue Economy initiative. The book then goes on to explore the main sectoral activities that will constitute the Blue Economies in the region: fisheries, tourism, shipping and transport, renewable energy, oil and gas, seabed mining and waste management are all considered. The book ends with a synthesis of the political and technical requirements to overcome threats and take advantage of opportunities in the Blue Economy.

The Intergovernmental Panel on Climate change (IPCC) was jointly established by the World Meteorological Organization (WMO) and the United Nations Envir- ment Programme (UNEP) to assess the scientific, technical and socio-economic information relevant for the understanding of the risk of human-induced climate change. Since its inception the IPCC has produced a series of comprehensive - sessment Reports, Special Reports and Technical Papers on the state of the und- standing of causes of climate change, its potential impacts, and options for response strategies. In 1998, Working Group III (WG III) of the ongoing Third Assessment was charged by the IPCC Plenary to assess the scientific, technical, environmental, economic and social aspects of the mitigation of climate change and a series of cross-cutting issues such as equity, development and sustainability. Its mandate was changed from a predominantly disciplinary assessment of the economic and social dimensions of climate change in the Second Assessment Report to an interdisciplinary assessment of the options to control the emissions of greenhouse gases and/or enhance their sinks. One key issue of the IPCC Third Assessment Report (TAR) on mitigation of climate change, which has undergone an extensive review by scientists and governments, is the role of present and future behaviour of individuals, households, private and p- lic companies, public authorities and other stakeholders.

This important book sheds light on the ways in which modern tools of welfare economics can be used to assess the benefits and costs of resource conflicts involving hydropower. The chapters highlight key methodological issues in this area; ranging from the intersection between cost benefit analysis and behavioral economics, to the value of load balancing services provided by hydropower. The inclusion of insights from expert contributors from both sides of the Atlantic brings a unique and interesting range of viewpoints to the work.Several factors suggest that resource conflicts involving moving water are likely to be even more difficult to resolve today than they have been in the past. The contributors, top scholars in resource economics, consider a variety of issues through the lens of cost benefit analysis. In the first part of the book, they address specific cases and issues from North America and Europe. The book closes with a more general look at the topic. Academics and students interested in applied welfare economics, especially cost benefit analysis and energy economics, along with government officials in the energy environment nexus and private sector analysts will all find much of interest and value in this volume. Contributors include: J. Duffield, F. Forsund, N. Hanley, L. Hjalmarsson, P.-O. Johansson, Y. Ju, B. Kristrom, J. Loomis, E.M. Moore, B. Ranneby, V.K. Smith

Asian nations increasingly have to balance energy needs with environmental impacts and economic growth. These critical issues for the development of Asian nations and the quality of life of their citizens are extensively addressed in this major new volume which focuses on research and policy perspectives.A distinguished group of researchers from Asia, Europe and North America, focuses on Asian initiatives on global and regional environmental problems, the impact of energy and environment on development and international trade in Asia, the problems associated with siting major energy facilities, the Asian green movement and public reaction to environmental degradation, and the role of communities in achieving a balance between energy, environment and economics. Researchers and policymakers, public policy and management researchers and environmentalists will welcome this important book which addresses the key issue of balancing the conflicting objectives of energy planning, environmental management and economic development.

This study examines Japan's transnational environmental policy through environmental technology transfer to Newly Industrializing Countries (NICs) in the 1990s. It addresses the ability of Japan to take up the challenges in this transnational sphere. Social scientists differ in their assessment about the future of nation-states' capability to steer policy formulation under this changing framework. However, transnationalization does not necessarily undermine the state, but includes transformations of state forms and policy making. The transfer of environmental technology to NICs proceeds on the assumption of the existent, but probably reduced capacity of states to act. Based on the policy cycle model, this study focuses special attention to the actors based on Albrecht Dehnhard's theory that nation-states are gaining power in international circles.

As the world hurtles towards environmental oblivion, China is leading the charge. The nation's CO2 emissions are more than twice those of the US with a GDP just two-thirds as large. China leads the world in renewable energy yet it is building new coal-fired power plants faster than renewables. The country's lakes, rivers, and farmlands are severely polluted yet China's police state can't suppress pollution, even from its own industries. This is the first book to explain these contradictions. Richard Smith explains how the country's bureaucratic rulers are driven by nationalist-industrialist tendencies that are even more powerful than the drive for profit under 'normal' capitalism. In their race to overtake the US they must prioritise hyper-growth over the environment, even if this ends in climate collapse and eco-suicide. Smith contends that nothing short of drastic shutdowns and the scaling back of polluting industries, especially in China and the US, will suffice to slash greenhouse gas emissions enough to prevent climate catastrophe.

In this significantly revised second edition of Bronwyn Hayward's acclaimed book Children Citizenship and Environment, she examines how students, with teachers, parents, and other activists, can learn to take effective action to confront the complex drivers of the current climate crisis including: economic and social injustice, colonialism and racism. The global school strikes demand adults, governments, and businesses take far-reaching action in response to our climate crisis. The school strikes also remind us why this important youthful activism urgently needs the support of all generations. The #SchoolStrike edition of Children Citizenship and Environment includes all new contributions by youth, indigenous and disability activists, researchers and educators: Raven Cretney, Mehedi Hasan, Sylvia Nissen, Jocelyn Papprill, Kate Prendergast, Kera Sherwood O' Regan, Mia Sutherland, Amanda Thomas, Sara Tolbert, Sarah Thomson, Josiah Tualamali'i, and Amelia Woods. As controversial, yet ultimately hopeful, as it was when first published, Bronwyn Hayward develops her 'SEEDS' model of 'strong ecological citizenship' for a school strike generation. The SEEDS of citizenship education encourage students to develop skills for; Social agency, Environmental education, Embedded justice, Decentred deliberation and Self-transcendence. This approach to citizenship supports young citizens' democratic imagination and develops their 'handprint' for social justice. This ground-breaking book will be of interest to a wide audience, in particular teachers and professionals who work in Environmental Citizenship Education, as well as students and community activists with an interest in environmental change, democracy and intergenerational justice.

This open access book focuses on the concepts, tools and techniques needed to successfully model ever-changing time-series data. It emphasizes the need for general models to account for the complexities of the modern world and how these can be applied to a range of issues facing Earth, from modelling volcanic eruptions, carbon dioxide emissions and global temperatures, to modelling unemployment rates, wage inflation and population growth. Except where otherwise noted, this book is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0.

This book envisages a different form of our economies where care work and care-full relationships are central to social and cultural life. It sets out a feminist vision of a caring economy and asks what needs to change economically and ecologically in our conceptual approaches and our daily lives as we learn to care for each other and non-human others. Bringing together authors from 11 countries (also representing institutions from 8 countries), this edited collection sets out the challenges for gender aware economies based on an ethics of care for people and the environment in an original and engaging way. The book aims to break down the assumed inseparability of economic growth and social prosperity, and natural resource exploitation, while not romanticising social-material relations to nature. The authors explore diverse understandings of care through a range of analytical approaches, contexts and case studies and pays particular attention to the complicated nexus between re/productivity, nature, womanhood and care. It includes strong contributions on community economies, everyday practices of care, the politics of place and care of non-human others, as well as an engagement on concepts such as wealth, sustainability, food sovereignty, body politics, naturecultures and technoscience. Feminist Political Ecology and the Economics of Care is aimed at all those interested in what feminist theory and practice brings to today's major political economic and environmental debates around sustainability, alternatives to economic development and gender power relations.