Too often amongst policy makers and thought leaders an assumption is made that we must make a choice between tackling climate change and having a strong economy; tackling climate change and allowing poorer nations to develop; tackling climate change and having a secure energy system. However, a decade of advanced modelling tested against historical data has provided wide evidence that well-chosen policies can be implemented that avoid these apparent either/or choices.This highly interdisciplinary book provides an overview of potential pathways for the decarbonisation of the global economy. By examining the entire global economy, we show policy-makers and thought-leaders that greatly reducing the risks of climate change can be consistent with energy security, economic development in poor nations, and vibrant economies in already developed nations. Advanced models of the relationships between the economy, energy and climate change pioneered at the Cambridge Centre for Climate Change Mitigation Research (4CMR) over the past decade provides a sound evidence base for decisions. This book examines not only the impacts of policies, but also the feasibility of bringing them forward and the ways in which energy, climate and economic policies can and must be joined up if climate, energy and economic goals are to be met globally.Economists, physicists, engineers, policy analysts, environmental scientists, climate scientists, political analysts, lawyers and computational scientists are brought together for the first time to produce analyses that make up a unique approach to a global problem that must be addressed sooner rather than later.

Problems of climate change, biodiversity, air pollution are clearly growing in globally, but more particularly in Asia because of its economic importance and richness in nature. The growing increasing interest in the environmental and resource economics applied in regions of Asia will make this book an outstanding resource to the existing literature particularly in the fields of environmental and resource economics and the integration of applied content in traditional agricultural and development.

At present there is no single handbook or text on the state of current knowledge in environmental economics in Asia or which offers a comprehensive guide to students and academics on the subjects of environmental economics research. This book will help to fill the gap in the existing literature.

Industrial production and consumption patterns rely heavily on the intensive use of both renewable and non-renewable resources and the consequences for the environment can be serious. Following a long period of time where the profit incentives of firms have prevailed over preservation of the environment and the world's natural resources, a new consensus has emerged concerning the need to regulate firm behaviour, aimed at ensuring the sustainability of the economic system in the long run. This book offers an exhaustive overview of current economic debate about these topics, taking modern oligopoly theory as a benchmark. The first part of the book covers static models dealing with incentives for green research and development, Pigovian taxation, cartels, environmental quality and international trade, as well as the role of corporate social responsibility, public firms and consumer environmental awareness as endogenous regulatory instruments. Then, the author moves on to examine the role of time while drawing from optimal control and differential game theory. This opens the way to the discussion of fair discount rates to ensure the welfare of future generations, as well as the long run sustainability of production and consumption patterns.

In recent years there have been several alarming predictions about the future of the planet's fish stocks. As a result, many national governments and supranational institutions, including the European Union, have instituted reforms designed to mitigate the crisis. This book examines the discourse and practice of 'good governance' in the context of fisheries management. It starts by examining the 'crisis' of fisheries in the North Sea, caused primarily by overfishing and failure of the European Union's Common Fisheries Policy. It then goes on to analyse reforms to this policy enacted and planned between 2002 and 2013, and the proposition that collapse of fish stocks could occur as a result of deficiencies in new governing arrangements, i.e. failure to apply 'principles of good governance'. The book argues that impediments to good governance practice in fisheries are not merely the result of implementation deficits, but that they constitute a more systematic failure. Governance theory addresses issues of power, but it does not recognise the many important spatially contingent and relational forms of power that are exercised in actual governing practice. For example, it frequently overlooks spatial practices and strategies, such as 'scale jumping, 'rescaling' and the discursive redrawing of governing boundaries. This book exposes some of these spatial power relationships, showing that the presence of such relationships has implications for accountability and effective policymaking. In sum, this book explores some of the ways in which we might better understand governance practice using theories of scale and relational concepts of power, and in the process it offers a critique and rethinking of governance theory. These reflections are made on the basis of an in-depth case study of the attempted pursuit of 'good governance' in the European Union via institutional reforms, focusing particularly on the thorny and fascinating case of North Sea fisheries management.

China has achieved rapid economic growth since the market-oriented reform in 1978 and became the second largest economy in the world in 2010. However, the growth model in China is still extensive in nature and may be characterized with high energy consumption and heavy environmental pollutions etc. In fact, China has successively become the largest carbon emitter since 2007 and the largest energy consumer since 2009 in the world. This book endeavors to analyze whether such energy driven and environment restricted economic growth can be sustainable in China in the long run. The book describes the basic situations of energy consumption and environmental pollution in China from the dimensions of industries, regions and energy-types. It also introduces the evolution of energy and environmental policies implemented in China. In particular, this book makes use of the environmental activity analysis model to assess the sustainable transformation of economic model in Chinese industries and regions. This model captures the negative externalities of pollutants and estimates the environmental total factor productivity accurately. The possibilities of win-win development and double dividend are also forecasted. This book proposes new methods to measure the environmental total factor productivity, evaluate the process of low carbon transformation, quantify the structural bonus, estimate the abating cost and forecast the win-win development and so on. Researchers may find these methodologies useful for measuring other pollutants and for analysis in other countries.

This is the first book to examine the linkages among natural and organizational accidents and disasters in the modern era and clarifies the mechanisms involved and the significance of emerging problems, from the aging of vital infrastructure for the supply of water, gas, oil, and electricity to the breakdown of pensions, healthcare, and other social systems. The book demonstrates how we might check the underlying civilizational collapse and then explore translational systems approaches toward resilient management and policy for sustainability. In Unsafety, the author focuses on the kinds of unnatural disasters and organizational accidents that arise as repercussions of natural hazards. Japan serves as an example, where earthquakes, tsunamis, and typhoons are common, with the Fukushima nuclear disaster as an outstanding case of this link between natural disasters and organizational accidents. Natural and human-made disasters happen worldwide and cause misery through loss of life; destruction of livelihoods as in agriculture, fisheries, and the manufacturing industry; and interruption of urban life. Unsafety from a disaster in one place increases uncertainty elsewhere, presenting urgent issues in all nations for individuals, organizations, regions, and the state. The author explains that one factor in the Fukushima catastrophe, which followed in the wake of the earthquake and tsunami in 2011, was the latent deterioration and aging of systems at all levels from the physical to the social, leading through a chain reaction to unsought and unforeseen consequences. Here, the aging of the nuclear reactor system, the breakdown of safety management, and inappropriate instructions from the regulatory authorities combined to create the three-fold disaster, in which technological, organizational, and governmental dysfunction have been diagnosed as reflecting a "systems pathology" infecting all levels.

This book introduces the basic tools of dynamic optimization in economics to study environmental problems, applies econometric methods to estimate and test the models derived by dynamic optimization, and discusses environmental problems in a broad perspective, including the design and implementation of environmental policies. Although the coverage is selective, it represents what the author has to offer from his perspective and experience gained in research in dynamic optimization, econometrics and policy analysis, especially for China. The volume is self-contained for readers with mathematical background of first-year graduate students in the analytical fields of science and engineering but only limited training in economics, while an economics text presumes more knowledge of economics. Once the tools are mastered, the reader can pursue his own research on the topic if he is interested, or simply become a more mature citizen in the global economy.

Geoengineering has become the focus of a vital debate about the intended and unintended consequences of innovation. This introduction to responsible innovation, as a new approach to governance, explains the broad sweep of technoscience that is brought under the umbrella of geoengineering. The possibility of exerting control over the global climate introduces profound social, political and ethical questions. The book explores these issues through the lens of the research project SPICE (Stratospheric Particle Injection for Climate Engineering) one of the first major geoengineering studies worldwide, and one of the first to include an outdoor test of a technology for Solar Radiation Management the reflection of sunlight to cool the planet. The book uses the idea of experimentation to consider how and why research projects become controversial. It also introduces recent experiments in governance, involving new conversations with civil society and others, to explain science-in-society and suggest new ways forward. SPICE is not just a case study of geoengineering research in action. It is also a case study of responsible innovation in action. It illustrates broader dynamics that are of substantial relevance to both wider geoengineering debates and wider science and technology governance debates.The book discusses a full range of geoengineering issues including other cases of real-word experimentation, such as the Haida Gwaii ocean iron fertilisation experiment, and other expert assessments, such as those by the GAO and Bipartisan Policy Commission. This book takes a critical stance on existing assumptions about ethical issues and economics and thus gives students, researchers and the general reader interested in the place of science in contemporary society a compelling framework for future thinking and discussion.

This Pivot offers a comprehensive cross-country study of the effects of large-scale resource extraction in Asia Pacific, considering how large-scale extractive industries engender contentious social, political and economic questions. Addressing the strong association in Melanesia between extractive resource industries and a spectrum of violence ranging from interpersonal to collective forms, it questions whether islands are particularly potent spaces for the contentious politics that attend enclave economies. The book brings island studies literature into a closer conversation with political and economic geography, demonstrating that islands provide rich spaces for the investigation of the socio-spatial relations at the heart of human geography's theoretical cannon. The book also has a real-world policy edge, as the sustained and growing dominance of extractive industries, in concert with the highly contentious politics that they engender, places them at the centre of efforts to understand state formation, political reordering and the on-going negotiation of political settlements of various types throughout post-colonial Melanesia. It considers how extractive resource industries can shape processes of state formation, shedding new light on Melanesia's resource curse.

Environmental asset classes are not a hope for tomorrow but a reality today. This new asset category promises to grow dramatically in the 21st Century as financial analysts, investors, and corporations around the world try to find ways to profit or reduce costs while promoting environmental social benefits. Sustainable Investing and Environmental Markets: Opportunities in a New Asset Class presents a groundbreaking new way to "do well and to do good". With a combination of over 50 years of practical experience in the field of environmental finance, Richard Sandor, Nathan Clark, Murali Kanakasabai and Rafael Marques provide a solid preliminary understanding of the promising and transformational new investment category of environmental assets. Three broad asset classes - air and water; catastrophic and weather risk; and sustainability - are covered across 12 chapters which analyze how these environmental asset classes are currently being incorporated into commodities, fixed income, and equity instruments and what the future holds for the field.

Environmental asset classes are not a hope for tomorrow but a reality today. This new asset category promises to grow dramatically in the 21st Century as financial analysts, investors, and corporations around the world try to find ways to profit or reduce costs while promoting environmental social benefits. Sustainable Investing and Environmental Markets: Opportunities in a New Asset Class presents a groundbreaking new way to "do well and to do good". With a combination of over 50 years of practical experience in the field of environmental finance, Richard Sandor, Nathan Clark, Murali Kanakasabai and Rafael Marques provide a solid preliminary understanding of the promising and transformational new investment category of environmental assets. Three broad asset classes - air and water; catastrophic and weather risk; and sustainability - are covered across 12 chapters which analyze how these environmental asset classes are currently being incorporated into commodities, fixed income, and equity instruments and what the future holds for the field.

The authors suggest that China's renewable energy system, the largest in the world, will quickly supersede the black energy system that has powered the country's rapid rise as workshop of the world and for reasons that have more to do with fixing environmental pollution and enhancing energy security than with curbing carbon emissions.

This book brings together leading experts to assess how and whether the Nazis were successful in fostering collaboration to secure the resources they required during World War II. These studies of the occupation regimes in Norway and Western Europe reveal that the Nazis developed highly sophisticated instruments of exploitation beyond oppression and looting. The authors highlight that in comparison to the heavy manufacturing industries of Western Europe, Norway could provide many raw materials that the German war machine desperately needed, such as aluminium, nickel, molybdenum and fish. These chapters demonstrate that the Nazis provided incentives to foster economic collaboration, hoping that these would make every mine, factory and smelter produce at its highest level of capacity. All readers will learn about the unique part of Norwegian economic collaboration during this period and discover the rich context of economic collaboration across Europe during World War II.

Climate change is a huge challenge to humanity in the 21th century. In view of China's recent pledge to the international community to peak carbon emissions before 2030 and achieve carbon neutrality by 2060, this book examines climate mitigation and adaptation efforts in China through the prism of the steel sector, and it does so from three interrelated perspectives, i.e., policy, technology, and market. The book argues that in developing the country's strategy towards green growth, over the years there has been a positive and interactive relationship between China's international commitments and domestic agenda setting in mitigation and adaptation to the impact of climate change. To illustrate China's efforts, two special areas, i.e., carbon capture, utilization and storage (CCUS) and emissions-trading system (ETS), have received focused examination. Along the spectrum of low-carbon, zero-carbon, and negative-carbon strategies, this study ends with a simulation model which outlines different policy scenarios, challenges, and uncertainties, as China moves further on, trying to achieve carbon neutrality in 2060. The book will be of interest to scholars, policy-makers, and business executives who want to understand China's growing role in the world.

The term 'Circular Economy' is becoming familiar to an increasing number of businesses. It expresses an aspiration to get more value from resources and waste less, especially as resources come under a variety of pressures - price-driven, political and environmental. Delivering the circular economy can bring direct costs savings to businesses, reduce risk and offer reputational advantages, and can therefore be a market differentiator -- but working out what counts as 'circular' activity for an individual business, as against the entire economy or individual products, is not straightforward. This guide to the circular economy gives examples of what this new business model looks like in practice, and showcases businesses opportunities around circular activity. It also: explores the debate around circular economy metrics and indicators and helps you assess your current level of circularity, set priorities and measure success equips readers to make the links between their own company's initiatives and those of others, making those activities count by influencing actors across the supply chain outlines the conditions that have enabled other companies to change the system in which they operate. Finally, this expert short work sets the Circular Economy in a political and business context, so you understand where it has come from and where it is going.

Perhaps the most defining characteristic of the global economy today is the rise of emerging market economies (EMEs). Many states have experienced rapid economic growth over the past two decades that has led to an increasing share of global wealth. Such dramatic changes are highly relevant because they raise important issues about the distribution of global monetary and fiscal power. As the EMEs have gained importance in the global economy, their influence and significance have grown across a wide range of policy domains. One particularly relevant example is the increasingly critical role of EMEs in addressing climate change.

Contrary to the popular belief that the level of development determines a country s ability to produce positive environmental outcomes, this book shows that the variation in environmental outcomes among the EMEs is due to differences in the types of economic institutions prevalent in their economies. Since EMEs differ dramatically on a number of variables, examining national variations in economic institutions helps explain why international climate policy has been more successful in some countries than in others. To assess how variations in capitalism may influence important outcomes, this book explores a representative sample of 31 EMEs and employs a mixed method research design that incorporates both conventional regression analysis and Qualitative Comparative Analysis (QCA) to explain these outcomes. The analysis shows that although liberal market economies were expected to perform better than other types of capitalism, their performance fell below expectations. On the contrary, economic institutions related to coordinated types of capitalism (like those found in China and Brazil) have led to greater Clean Development Mechanism (CDM) market participation.

Theoretically informed, this book employs innovative ways of understanding a broad set of increasingly important but under studied states in an effort to highlight the interactions found in complex socio-political and ecological systems. With the growing importance of the EMEs, a better understanding of how to design market-based policies with them in mind will be required if future efforts across a range of policy issues are to be meaningful and effective."

Much is written in the popular literature about the current pace of technological change. But do we have enough scientific knowledge about the sources and management of innovation to properly inform policymaking in technology dependent domains such as energy and the environment? While it is agreed that technological change does not 'fall from heaven like autumn leaves, ' the theory, data, and models are deficient. The specific mechanisms that govern the rate and direction of inventive activity, the drivers and scope for incremental improvements that occur during technology diffusion, and the spillover effects that cross-fertilize technological innovations remain poorly understood. In a work that will interest serious readers of history, policy, and economics, the editors and their distinguished contributors offer a unique, single volume overview of the theoretical and empirical work on technological change. Beginning with a survey of existing research, they provide analysis and case studies in contexts such as medicine, agriculture, and power generation, paying particular attention to what technological change means for efficiency, productivity, and reduced environmental impacts. The book includes a historical analysis of technological change, an examination of the overall direction of technological change, and general theories about the sources of change. The contributors empirically test hypotheses of induced innovation and theories of institutional innovation. They propose ways to model induced technological change and evaluate its impact, and they consider issues such as uncertainty in technology returns, technology crossover effects, and clustering. A copublication o Resources for the Future (RFF) and the International Institute for Applied Systems Analysis (IIASA).

First Published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.

The relationship between environmentally sustainable development and company law and related areas of business law and policy has emerged in recent years as a matter of major concern for many scholars, policy-makers, businesses and nongovernmental organisations. This book combines a conceptual analysis of the principles of sustainable development and environmental integration in the EU legal system with a particular focus on Article 11 TFEU and its impact on business in the EU. Article 11 TFEU states that European Union policies and activities must integrate environmental protection requirements with an emphasis on promoting sustainable development and the book investigates the role played by Article 11 TFEU in specific areas of EU law affecting European businesses.

The book gives an overview of the role played by the environmental integration principle in EU law, both at the level of European legislation and at the level of Member State practice. It explores a number of issues related to the role played by Article 11 TFEU in the EU legal system, including its history, its function in the Treaties and its significance for EU institutions and Member States. Contributors to the volume identify and analyse the main legal issues related to the importance of Article 11 TFEU in various policy areas of EU law affecting European businesses, such as company law, insurance and state aid. In drawing together these strands the book sets out what the requirement of environmental integration means for the regulation of business in the EU.

Capitalism and its Critics offers an accessible account of major theories of capitalism from the industrial revolution to the present day. The book provides a comprehensive account of the economic and social thought of key theorists from Adam Smith and Karl Marx to David Harvey and Thomas Piketty. Capitalism has long been the subject of passionate debate, and today such contestations are perhaps more timely than ever. For its advocates, capitalism brings democracy and freedom and is the cornerstone of modernity and of progress. For its critics, capitalism is based on the exploitation of labour and is responsible for the destruction of the environment as well as colonialism. Whether capitalism survives the century, or whether an alternative social system emerges, may very well determine the fate of humanity. Capitalism and its Critics gives a comprehensive critical analysis of the most important theorists of capitalism, including Adam Smith, Karl Marx, Max Weber, Joseph Schumpeter, Karl Polanyi, F.A. Hayek, J.M. Keynes, David Harvey, and Thomas Piketty. The book discusses some of the main debates about capitalism and considers alternatives in the twenty-first century. The 12 chapters are loosely chronologically organised around the main approaches and historical phases in the history of capitalism. Central themes of the book are the ideas of capitalist crisis and of tensions between democracy and capitalism in the making of modernity. A highly readable, informative and engaging text, Capitalism and its Critics is essential reading for anyone interested in understanding capitalism and its alternatives.

First written in 1977, Economics of Natural and Environmental Resources presents a collection of articles written in exploration of the economic, social, and ecological problems peculiar to natural and environmental resources. Whilst focusing on the economic theory of natural resources, the contributions also consider geological, technological, and institutional features of particular resources. Policy implications and considerations are central to the text and although the book was published over thirty years ago, the issues discussed remain relevant to today's society.

Energy price rises have been amongst the biggest change that has taken place in our society over the last few decades. Their impact, particularly when this book was first published in 1983, had a growing importance in social policy, practice and research, and fuel was, and still is, a major public issue. This collection of essays describes how any why domestic fuel prices have been rising faster than other prices and incomes, what impacts this has on domestic budgets, and the extent of 'fuel poverty'. The resulting problems of debts, disconnections, cold conditions and hypothermia are discussed by specialists in these fields. This book is ideal for students of economics and social policy.

This book presents an introduction, overview and extension of ecosystem management and environmental restoration principles and applications. It develops a new framework and approach to improving the environment through extensive case studies and analysis of environmental rehabilitation initiatives in the San Francisco Bay-Delta, Florida Everglades, Columbia River Basin in the Pacific Northwest, and the Green Heart region of western Netherlands. The book's comparative and integrative approach, with its grounding in ecology, engineering and management, will appeal to those working wherever population, resources and environment are in conflict.

The threats posed by global climate change are widely recognized and carbon emmissions are the major source of greenhouse gases accumulating in the atmosphere. Burning fossil fuels causes long-lasting, pervasive damages, costly to those of us alive today and even more to our children and our children's children. The United States is the second largest carbon emitting country in the world and should play a key role in global efforts to reduce emissions. Paying for Pollution incisively examines the very real costs-economic and social-of climate change and the challenges of concerted action to reduce future losses due to damages of higher temperatures and more extreme weather. Gilbert E. Metcalf argues that there is a convergence of social, economic, environmental, and political forces that provides an opening for a new approach to climate policy, one based on market principles that can appeal to politicians across the political spectrum. After all, markets work best when the price of a good reflects all its costs. Metcalf suggests that a thoughtfully and politically sensitive designed carbon tax could also contribute to an improved tax system, something desired by Republican and Democratic politicians alike. That is, a carbon tax increases fiscal flexibility by providing new revenues to finance reforms to the income tax that improve the fairness of the tax code and contribute to economic growth. Metcalf compares the benefits of a carbon tax to other potential policies, such as cap and trade, to reduce the threats of climate change. None, he shows, are as effective, efficient, and fair as a carbon tax.

This book looks at environmental governance in both Asia and Europe and offers a comparative analysis of the two regions in order to provide a better understanding of the concept of 'environmental governance' and its status in Europe and Asia. The book assesses the legislative, institutional and participatory mechanisms which affect the overall development of environmental governance, and analyses current issues, concerns and strategies in respect of environmental governance at the local, national, and international levels. The rapid changes in economic, social and political life have had an enormous impact on Asia's ecosystems and resources. Asian countries, in the name of economic development, are following the same environmentally destructive path their European counterparts followed in the past. The key to the environmental future of these two regions lies in the evolution of the character of governance - the ensemble of social ethics, public policies and institutions which structure how state actors and the civil society interact with the environment. This book will be valuable to scholars and students of environmental politics, EU and Asian studies, public policy, environmental law, and to decision makers and policy analysts.