Paying the Carbon Price analyzes the practice of freely allocating permits in Emissions Trading Schemes (ETSs) and demonstrates how many heavy polluters participating in ETSs are not yet paying the full price of carbon. This innovative book provides a framework to assist policymakers in the design of transitional assistance measures that are both legally robust and will support the effectiveness of the ETSs whilst limiting negative impacts on international trade. Within the realm of international and comparative law, this book closes the gap between the legal frameworks of ETSs in practice, the economic research data and the doctrinal analysis of WTO law. These interesting insights and fresh ideas explore the connection between ETSs, the problems with free allocation of emission permits and the analysis of complex legal instruments. This accessible resource will be invaluable for those researching and teaching climate change law and policy, international trade law and environmental economics. It will also be a useful tool for policymakers, lawyers and economists.

This book offers new perspectives on the economic development of the Middle East and North Africa region. Offering both theoretical studies and empirical country studies, it examines micro- and macroeconomic issues and provides deep insights into the development challenges and prospects of various countries in the region. The articles examine a wide range of development issues, including economic growth, natural resource use, food security, poverty and inequality, corruption and transparency, military spending, water and resource scarcity, agriculture and aid effectiveness, and other relevant issues. The volume is aimed at scholars in economic and development studies as well as policy-makers and investors interested in the economic development of the MENA region.

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.

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.

For over 30 years environmental policy has developed under the assumption that self-interest explains firms' environmental behaviour and that the problem of pollution can be rectified by technological fixes. This policy paradigm has been proved wrong: entrenched antagonism between firms and regulators, and greater environmental harm, have proved to be the dominant outcomes. This book re-focuses environmental policy analysis by demonstrating how behavioural models can be applied within the field to better understand the propensity of the firm to engage in pro-environmental, innovative activities. The book develops an essential tool for environmental policy analysis in the context of technical change. A rigorous theoretical and methodological framework is applied to identify sources of firms' willingness (or resistance) to engage in cleaner production and to evaluate under which conditions the firm's pro-environmental, innovative behaviour may be fostered. The author undertakes extensive research through a case study of the In-Bond industry in Mexico and assesses the significance and relationship of individual factors relating to a firm's innovative behaviour towards 'greener' production. The model developed helps to understand the planned behaviour of the firm in specific contexts, to shape and guide empirical inquiry, and to produce useful corporate and public policy recommendations. Environmental Policy and Technological Innovation comprehensively explores the factors which can influence a firm's behavioural approach towards developing clean technologies. Unlike many other studies on environmental policy, it addresses the origin of the problems and not just the symptoms. It will become an indispensable companion for local, national and international environmental regulators, environmental policymakers and analysts, and those interested in technological innovation and technology policy.

Global warming is widely considered to be one of the most serious environmental problems for current and future generations. Moreover, the apparent failure of the Kyoto Protocol to effect a meaningful reduction in greenhouse gas emissions has increased the importance of economic research into new ways to control global warming. In this exhaustive study, the authors break new ground by integrating cutting edge insights on global warming from three different perspectives: game theory, cost-effectiveness analysis and public choice. For each perspective the authors provide an overview of important results, discuss the theoretical consistency of the models and assumptions, highlight the practical problems which are not yet captured by theory and explore the different applications to the various problems encountered in global warming. They demonstrate how each perspective has its own merits and weaknesses, and advocate an integrated approach as the best way forward. They also propose a research agenda for the future which encompasses the three methods to create a powerful tool for the analysis and resolution of global pollution problems. Surveying a large amount of literature and providing plentiful examples of potential applications, this extensive book combines three branches of economic research on global warming into one accessible volume. It will be widely read by students and scholars in environmental courses, environmental and resource economists, and those working in governmental and non-governmental organisations concerned with international environmental problems.

This book explores China's low-carbon consumption in the context of residential behaviour, corporate practices and policy Implication. It first calculates the carbon and ecological footprints of residential consumption, including both direct and indirect emissions, before discussing Chinese residential behavioural aspects and determinants of electricity saving, low-carbon transportation, low-carbon product purchasing, and e-waste recycling. The authors then investigate the relationship between industrial growth and carbon emissions, using the example of the iron and steel industry to examine the motivation for energy intensive industries to reduce carbon emissions. They also consider energy efficiency and inter-company collaboration on carbon emission reduction. Lastly, the book describes the major low-carbon policies in China and their impact, economic cost and public acceptance.

Economics, Ethics, and Environmental Policy: Contested Choices offers a comprehensive analysis of the ethical problems associated with basing environmental policy on economic analysis, and ways to overcome these problems. The volume has practical relevance because policy recommendations and choices based on economic analysis are often contested by critics. This book takes their criticism seriously. It seeks to clarify and defend the ethical foundations of environmental economics and examines what lessons environmental economics should draw from the criticism. As a result, the volume improves our understanding of the ethical foundations and implications of economic analysis of environmental problems and policy. The contribution is all the more important because the problem has not been extensively studied.

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

In this controversial book Herman Daly, a leading commentator on the environment, offers lively criticism of existing work on ecological economics and the economics of ecology. The theme throughout the book is about changes in perspective, attitudes and policies required to avoid uneconomic growth - that is, the impoverishment that results when the environmental and social costs of growth exceed the benefits. Key issues addressed include: * growth economics * misunderstandings of thermodynamics * economic development and population * globalization * money * humans in the ecosystem. This major new book will be of interest to economists, ecologists, environmentalists, public policy scholars and activists as well as social philosophers.

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

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

Tourism is the world's largest industry and its fastest growing one. It has the potential to contribute significantly to the economic development of most economies, including those of less developed countries and peripheral economic regions. However, it depends heavily on environmental conditions, natural and man-made, for its market and its sustainability. This book analyzes market and political failures in relation to tourism development and the environment, and the implications of those for national gains from international tourism, for public finance and policy, and for the sustainability of tourism. Particular emphasis is placed on ecotourism and the sustainable use of natural sites, methods of evaluating the sustainability of tourism and the impacts of pollution on tourism. Case studies cover both large and small developing countries e.g. Bangladesh, Brazil, China, India and the Maldives, as well as more developed economies. While some attention is given to the evaluation of protected areas, most attention is given to policies in terms of the sustainable recreational use of such areas - examples include scuba diving and encounters of tourists with whale sharks and sea turtles. This is a fascinating book that will be of great use to a wide readership including economists, environmentalists, geographers, tourism scholars and professionals, as well as academics in development studies.

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

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

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

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.

This book explores opportunities for diversifying modern Kazakhstan's economy, which is still heavily dependent on its natural resources, as well as looking at economic opportunities for the whole Central Asian region arising from the Chinese government's Belt and Road Initiative (BRI). The book is comprised of four parts. Part 1 explores the first main theme of the book: development of the economy based on the resource sector with the example of Kazakhstan. Part 2 examines opportunities for diversification arising from BRI: a rise of transport and communication industries alongside the new Belt and Road economic route. Part 3 explores the view from China on the perspectives of regional development, not least the economic reasons for the launch of this programme, investments and planned effects. Part 4 discusses other internal sources for diversification of the economy in Kazakhstan based on development of local industry in the oil and gas sector, small- and medium-sized enterprises and tertiary sector of the economy. This book will be of value for students, academics, policy-makers, and practitioners focused on economic development and business in the Central Asian region, as well as those who are working on the design of instruments for economic development in their own countries.

The provision of water and sanitation services (WSS) in developing countries has traditionally been the preserve of the state, but recently there has been a move towards greater private sector participation (PSP). While the potential economic benefits of PSP are well-known, the authors extensively discuss the environmental and social implications unique to the sector. The focus of the book is on the crucial role public authorities must continue to play to guarantee sustainability, levels of service and access to a variety of consumers. The authors show how these objectives are realised in very different ways - and not always successfully - in developing countries. The authors critically review the current literature and include new case studies from Manila, Buenos Aires, Cordoba, Abidjan and Mexico City. Private Firms and Public Water will be of interest to regulatory officials, economists, development professionals and scholars, as well as government, business and NGOs.

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

Circular economy principles are driving to overcome the challenges of today's linear take-make-dispose production and consumption patterns through keeping the value of products, materials, and resources circulating in the economy as long as possible. Sustainable Consumption and Production, Volume II: Circular Economy and Beyond aims to explore the sustainable consumption and production transition to a circular economy, while addressing critical global challenges by innovating and transforming product and service markets towards sustainable development. This book explores how consumers, private sector, relevant international organizations, and governments can play an active role in innovating businesses to help companies, individuals (consumers and citizens), organizations, and sectors, to remain competitive, while transitioning towards sustainable markets and economies. It is of interest to economists, students, businesses, and policymakers. Chapter "Tourism as (Un)sustainable Production and Consumption" is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

In the fast-changing policy arena of a country as diverse as India, gauging regional implications of policy shifts is critical but challenging. E3-India is a policy evaluation tool based on the internationally recognized E3ME global model, that allows for iterative quantification of multiple policy options within an integrated economy-energy-environment framework to support wellinformed progressive policy choices at the regional level. This book provides comprehensive coverage of creating and using E3 modeling framework for regional policy analysis, which is available in public domain for the first time in India, addressing existing flagship Government of India policies, including but not limited to the Make in India initiative, Digital India initiative, Automotive Mission Plan, Nationally Determined Commitments under the Paris agreement, and the Atmanirbhar Bharat relief package. These studies have been designed to provide in-depth and lucid insights regarding choices for resource allocation by policymakers, thereby serving as a comprehensive guide for evidence-based policymaking in India.

In this innovative book, Clement Tisdell adopts a holistic approach, combining economic, social, biophysical and historical considerations to analyse the economic origins of major contemporary environmental problems, especially those associated with climate change. The ability of humankind to respond effectively to these problems is assessed in a unique and lucid fashion. The depth and nature of social embedding is identified as the major (but not the only) barrier to dealing with human-induced environmental change. In a thought-provoking manner, the book provides discussions of: the relationships between the nature of economic development, social and environmental change; the limited policy guidance provided by debates about the desirability of sustainable development; the shortcomings of economic criteria for valuing environmental and social change; and social embedding as the prime impediment to humanity responding adequately to many of its current environmental problems. Given its interdisciplinary nature, this book will appeal to economists, sociologists, geographers, social historians and political scientists alike. Natural scientists who are interested in socio-economic aspects of environmental change will also find this a captivating read.

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

Biological invasions - the introduction of living organisms beyond their original range - are one of the main drivers of biodiversity loss. They are a major threat to human health and a source of pests and pathogens in the world's farms, forests and fisheries. The growth of international trade and travel means that more species are being introduced to more places than ever before. This book represents the first concerted effort to understand the economic causes and consequences of biological invasions. The volume discusses the theoretical and methodological issues raised by invasion, including control strategies, modelling options, and a study of the economic, institutional and policy conditions that predispose countries to biological invasions. Also included are case studies of fisheries, agricultural systems, tropical forests and protected areas affected by invasive species in locations such as the Black Sea, Australia and Africa, and an evaluation of control programmes. The Economics of Biological Invasions provides an important first step towards codification of the advice needed to develop decision rules, tools and protocols for the effective management of invasive biological species. This volume will be a fascinating read for researchers, academics and students in ecology, economics and environmental science with an interest in the biodiversity problem. The book will also prove to be essential reading for policymakers responsible for health, agriculture, forestry, fisheries and the environment in both developed and developing countries.