The interlinked issues of air pollution and energy policies in an enlarged Europe are currently subjects of major interest in economic, environmental, geography and regional sciences. This interest is understandable given the considerable consequences on human health and on climate change issues at not only a European, but a global level. In addition, the recent effects of economic fluctuation and oil prices as well as the actual restructuring of the European energy supply and security market raise a great deal of policy challenges. These issues have become an increasingly relevant concern, as the optimal design of policy by centralised European institutions has come under greater scrutiny.

This book presents an integrated approach to recent regulations on air pollution with particular emphasis on transborder air pollution, climate change and energy policies in the new Europe. This integrated vision embraces the extent to which global pollution influences policy decisions at different institutional levels; the magnitude, by virtue of policy simulation analysis, of environmental policy tools (i.e. environmental taxes) on aggregate welfare and transboundary air emissions fluxes in light of the recent enlargement process; the European Trading System and its flexible mechanisms to curb carbon emissions and fulfil the European Union Kyoto Protocol s commitments; and the developments of the new European energy strategy and its interdependencies across energy requirements, innovation, competitiveness and climate change.

The book is primarily aimed at Postgraduates and Postdoctoral research students in economics, environmental economics, environmental sciences, or environmental policy disciplines. However, it should also be of interest to environmental economists, energy policy analysts, members of governmental and non-governmental agencies dealing with environmental policy, climate change or air pollution."

As demand for fresh water rises, together with population, water scarcity already features on the national security agenda of many countries. In this book, Dinardevelops a theory to explain solutions to property rights conflicts over shared rivers. Through systematic analysis of available treaty texts, corresponding side-payment and cost-sharing patterns are gleaned. Geographic and economic variables are used to explain recurring property rights outcomes.

Rather than focusing on a specific river or particular geographic region, the book analyzes numerous rivers, dictated by the large number of treaty observations, and is able to test several hypotheses, devising general conclusions about the manner in which states resolve their water disputes. Policy implications are thereby also gained. While the book simultaneously considers conflict and cooperation along international rivers, it is the focus on negotiated agreements, and their embodied side-payment and cost-sharing regimes, that justifies the use of particular independent variables.

This book aims to explore the avenue of landscape economics and provides the building blocks (from different scientific disciplines) for an economic analysis of landscapes. What exactly constitutes and determines the value of a landscape? It focuses on the value of landscapes in its broadest sense, thereby covering a variety of topics including stakeholder involvement in landscape design, landscape governance and landscape perceptions from different countries. Merely saying that landscapes have value or are important is not sufficient - not when resources are scarce and have alternative uses. Measuring and quantifying the economic value of changes in landscapes would help ensure that landscape management decisions are both (economically) rational and sound.

The first edition of this important work was the winner of the 2002 Publication of Enduring Quality award by the Association of Environmental and Resource Economists. The continuing premise for the book is that estimates of the economic values of environmental and natural resource services are essential for effective policy-making. As previous editions, the third edition, which includes two additional co-authors, presents a comprehensive treatment of the theory and methods involved in estimating environmental benefits.

Researchers, policy-makers, and practitioners will welcome the work as an up-to-date reference on recent developments. Students will gain a better understanding of the contribution that economics as a discipline can make to decisions concerning pollution control and human health, recreation, environmental amenities, and other critical issues concerning the way we use and interact with environmental and natural resource systems. To reflect recent progress in both the theory and practice of non-market valuation, the third edition includes more details on empirical approaches to measurement, expanded discussion of the reasons for divergence between "willingness to pay" and "willingness to accept compensation," and increased coverage of econometric issues encountered in estimation. In keeping with its cutting edge orientation, it also includes more discussion of survey design, equilibrium sorting models, and the implications of behavioral economics for welfare measurements and benefit cost analysis.

In today's global 'commercial society' an inquiry into the economic role of government is gaining momentum. Many crucial goods for the well-being of a society are not 'commercial': national security and clean air are good examples. This means that the economic role of government is not limited to cure so-called 'market failures' but it has to provide for non-commercial goods. Unfortunately in the last few decades the decline of the political-economic culture of Western post-industrial societies has left scope for people to blindly believe in a free, deregulated market.

This book brings the culture of the state in from the cold, by confronting readers at the start with the necessity of recognizing the fundamental difference between private commercial interests, whose provision rests on the culture of profit, and public shared interests, whose provision rests on the culture of the state. This book also explores how much individual well-being depends on both.

The only chance for public shared interests, with their non-profit nature, to successfully keep their ground in the face of the overwhelming power of private commercial/financial interests, lies in regenerating a political-economic state culture whereby governments and policy-makers/politicians understand their responsibility and social function to consist primarily in pursuing the satisfaction of the former and not in acting on behalf of the latter.

Nicholas Georgescu-Roegen's (1906-94) most original contribution is his bioeconomic theory. Based on a profound rethinking of the foundations of neoclassical economics, bioeconomics represents a completely new paradigm compared to both the standard and the Marxist approach. Opening economics to natural sciences led Georgescu-Roegen to point out the bio-physical limits to growth. In the last years of his life, he also criticised the sustainable development paradigm, but his criticism disappeared together with him, only to re-emerge recently, thanks to the research on his archiveand to the interest for his viewpoints within the framework of 'degrowth'. In his last years Georgescu-Roegen intended to publish a text entitled Bioeconomics, as an initial systematic arrangement of this doctrine. This book aims to pick up that project in two ways: first, collecting Goergescu-Roegen's main contributions to bioeconomic theory, some still unpublished, and tackling the principal nubs of the discipline particularly the criticism of sustainable development. Second, recuperating that full multidisciplinarity that represents the profoundest characteristic of the bioeconomic theory. The concluding essay is now considered a cornerstone of the degrowth perspective.

The major challenge for the current generation of mankind is to develop a shared vision of a future that is both desirable to the vast majority of humanity and ecologically sustainable. Creating a Sustainable and Desirable Future offers a broad, critical discussion on what such a future should or can be, with global perspectives written by some of the world's leading thinkers, including: Wendell Berry, Van Jones, Frances Moore Lappe, Peggy Liu, Hunter Lovins, Gus Speth, Bill McKibben, and many more.

This authoritative but highly accessible book presents the reader with a powerful framework for understanding the critical role of the energy return on investment (EROI) in the survival and well-being of individuals, ecosystems, businesses, economies and nations. Growth and development are fundamental and ubiquitous processes at all scales, from individuals to food crops to national economies. While we are all familiar with the concepts of economic growth and living standards as measured by gross domestic product (GDP), we often take for granted the energy use that underpins GDP and our expectations for year-on-year growth. In this book, you will learn how these measures of "progress" are completely dependent on the balance that can be achieved between energy costs (inputs) and gains. Nothing is made or moved without an energy surplus, and it is the EROI of available energy sources more than any other single factor that determines the shape of civilization. Nearly all politics and economics assume that policy and market forces are the levers upon which future outcomes will hinge. However, this book presents many examples of historical and current events that can be explained much more clearly from an energetic perspective. In addition, a future scenario is developed that gives a central place to EROI in assessing the potential of governmental and private initiatives to substitute so-called renewable energy sources for diminishing stocks of fossil fuels. When cheap fossil fuels are no longer available in the abundance needed to mask economic problems and power business as usual, it will be EROI more than the plethora of "green" technologies that creates the boundary conditions for a sustainable future.

Revealed Biodiversity: An Economic History of the Human Impact aims to show that for several centuries environmental conditions have been substantially the product of economic fluctuations. It contests the notion of perpetual decline in species composition. The arguments are supported by far more precise historical detail than is usual in books about ecology. The need to take the gains to human society into account when assessing environmental change is strongly emphasized. The book features case studies including England, the Netherlands, USA, East Asia, Brazil, and the areas of modern agricultural 'land grab'.This book is important for its close attention to the documented historical record of environmental change in several countries over several centuries; for its demonstration of how much wildlife populations have been influenced by fluctuations in market activity; for revealing the need to be sensitive to historical baselines; and for emphasizing the imperative of taking the gains to human society into account when assessing environmental change. It, therefore, has considerable significance for environmental and conservation policies as well as for future studies in ecological history.

The effectiveness of international environment agreements has so far been studied almost exclusively from an institutional or regime-centric perspective. Such analysis focuses on the actors in agreement-making and downplays the role of the structures and constraints within which they operate. This work argues that a distinction must be made between effective institutions dealing with environmental problems, and the remedying of an environmental problem. Gabriella Kutting introduces the concept of environmental effectiveness to address this problem, and goes beyond previous studies by not only criticizing existing approaches, but offering an alternative. Kutting's approach introduces a new perspective to the effectiveness debate, based on a more holistic methodology and an ecocentric rather than environmental management viewpoint. This book outlines the structures in which agreement-making operates, and demonstrates that a fundamental reassessment of the relationship between environment and society is necessary.;This work offers new insights into the study of social organization and its effect on the environment. It should be useful as a resource for researchers and students of inte

The book reveals the changing dynamics of the helium industry on both the supply-side and the demand-side. The helium industry has a long-term future and this important gas will have a role to play for many decades to come. Major new users of helium are expected to enter the market, especially in nuclear energy (both fission and fusion). Prices and volumes supplied and expected to rise and this will prompt greater efforts towards the development of new helium sources and helium conservation and recycling.

Do you really think you are getting a good deal when given that free mobile phone for switching service providers, if a multinational retailer undercuts its competitors or by the fact that food is relatively cheaper today in many countries than ever before? Think again! As Michael Carolan clearly shows in this compelling book, cheapness is an illusion. The real cost of low prices is alarmingly high. It is shown for example that citizens are frequently subsidising low prices through welfare support to poorly-paid workers in their own country, or relying on the exploitation of workers in poor countries for cheap goods. Environmental pollution may not be costed into goods and services, but is paid for indirectly by people living away from its source or by future generations. Even with private cars, when the total costs of this form of mobility are tallied it proves to be an astronomically expensive model of transportation. All of these costs need to be accounted for. The author captures these issues by the concept of "cheaponomics". The key point is that costs and risks are socialised: we all pay for cheapness, but not at the point of purchase. Drawing on a wide range of examples and issues from over-consumption and waste to over-work, unemployment, inequality, and the depersonalising of communities, it is convincingly shown that cheapness can no longer be seen as such a bargain. Instead we need to refocus for a better sense of well-being, social justice and a balanced approach to prosperity.

Do you really think you are getting a good deal when given that free mobile phone for switching service providers, if a multinational retailer undercuts its competitors or by the fact that food is relatively cheaper today in many countries than ever before? Think again! As Michael Carolan clearly shows in this compelling book, cheapness is an illusion. The real cost of low prices is alarmingly high. It is shown for example that citizens are frequently subsidising low prices through welfare support to poorly-paid workers in their own country, or relying on the exploitation of workers in poor countries for cheap goods. Environmental pollution may not be costed into goods and services, but is paid for indirectly by people living away from its source or by future generations. Even with private cars, when the total costs of this form of mobility are tallied it proves to be an astronomically expensive model of transportation. All of these costs need to be accounted for. The author captures these issues by the concept of "cheaponomics". The key point is that costs and risks are socialised: we all pay for cheapness, but not at the point of purchase. Drawing on a wide range of examples and issues from over-consumption and waste to over-work, unemployment, inequality, and the depersonalising of communities, it is convincingly shown that cheapness can no longer be seen as such a bargain. Instead we need to refocus for a better sense of well-being, social justice and a balanced approach to prosperity.

When first published in 1997, Factor Four: Doubling Wealth, Halving Resource Use by renowned economic and engineering experts Ernst von Weizsacker, Amory Lovins and L. Hunter Lovins, transformed how economists, policy makers, engineers, entrepreneurs and business leaders thought about innovation and wealth creation. Through examples from a wide range of industrial sectors, the authors demonstrated how technical innovation could cut resource use in half while doubling wealth. Now twelve years on, with climate change at the top of the world agenda and the new economic giants of China and India needing ever more resources, there is a unique historic opportunity to scale up resources productivity and radically transform the global economy. And Factor Five is the book set to change all of this. Picking up where Factor Four left off, this new book examines the past 15 years of innovation in industry, technical innovation and policy. It shows how and where factor four gains have been made and how we can achieve greater factor five or 80%+ improvements in resource and energy productivity and how to roll them out on a global scale to retool our economic system, massively boost wealth for billions of people around the world and help solve the climate change crises. Spanning dozens of countries including China and India and examining innumerable cases of innovation in design, technology and policy, the authors leave no engineering and economic stone unturned in their quest for excellence. The book tackles sustainable development and climate change by providing in depth Factor 5 resource productivity studies of the following sectors: Buildings, Industry, Agriculture, Food and Hospitality, and Transportation. In its systematic approach to demonstrating how Factor 5 can be achieved, the book also provides an overview of energy/water nexus and energy/materials nexus efficiency opportunities across these sectors. Given that these sectors are responsible for virtually all energy usage and greenhouse gas emissions globally, this book is designed to guide everyone from individual households, businesses, industry sector groups to national governments in their efforts to achieve the IPCC recommended target of 80 per cent reductions to greenhouse gas emissions. It also looks at innovation in regulation to increase resource productivity, pricing, carbon trading, eco-taxation and permits and the role of international institutions and trade. The authors also explain exciting new concepts such as bio-mimicry and whole system design, as hallmarks for a new generation of technologies. The last part of the book explores transformative ideas such as a long term trajectory of gently rising energy and resource prices, and new concepts of well-being in a more equitable world. Like its predecessor this book is simply the most important work on the future of innovation, business, economics and policy and is top drawer reading for leaders across all sectors including business and industry, government, engineering and design and teaching. This book is full colour throughout. Published with The Natural Edge Project

For decades, governments have tried to foster industrial competitiveness and economic growth. Many instruments are known to work, and many lessons have been learned. However, humanity is increasingly feeling the effects of natural resource depletion. The rate of this depletion is deeply unsustainable, and it is - as of yet - inextricably linked to economic growth and development. To preserve acceptable living conditions for future generations, while at the same time creating these conditions for millions of poor in the first place, we must achieve a de-linking of economic activity and resource depletion. This book identifies the drivers and success factors of green industrial policy, which seeks to reconcile the synergies and trade-offs which exist between economic and environmental goals. Greening the economy is a goal which will require enormous investment. As markets are currently failing to provide the required incentives for environmental sustainability, governments must intervene and provide 'policy rents' for investments in sustainability while withdrawing rents from polluting investments. In this they will face the risk of political capture by interest groups and difficult choices among technologies. Rent management is therefore the heart of green industrial policy and the focus of this book. On top of this, the country examples provided in this volume focus on the emerging powers, which will have an important influence the future of our planet. However, the lessons learned are valuable not only for countries introducing green industrial policies for the first time, but also for those under pressure to reform existing policies. This book will be of interest to students, researchers and policymakers in the areas of energy policy, sustainable development, industrial economics and ecological economics.

This book studies the limits imposed by the depletion of fossil fuels and the requirements of climate stabilization on economic growth with a focus on China. The book intends to examine the potentials of various energy resources, including oil, natural gas, coal, nuclear, wind, solar, and other renewables, as well as energy efficiency. Unlike many other books on the subject, this book intends to argue that, despite the large potentials of renewable energies and energy efficiency, economic growth eventually will have to be brought to an end as China and the world undertake the transition from fossil fuels to renewable energies. China has overtaken the US to become the world's largest energy consumer and greenhouse gas emitter. Their energy consumption is dominated by coal and China now accounts for one quarter of the world's total carbon dioxide emissions. Moreover, China is set to become the world's largest oil importer in the next decade. This book will consider energy development in the broader context of economic and social changes, especially the historical dynamics of the capitalist world system. Historical lessons of capitalism and socialism will be discussed. The book will evaluate the implications of ecological limits to growth on the economic system and argue that the existing capitalist system is fundamentally incompatible with ecological sustainability.

By providing a theoretical analysis for the issues of climate change, carbon emission mitigation, energy-saving and low-carbon development, this book develops a new branch of economics known as Low-carbon Economics. It explores economic theories, analysis methodologies, measurements, indexes and business models for the low-carbon economy. It is an important source of reference for researchers and government officers on policy design and low-carbon city planning.

This is an easy-to-read textbook providing the reader with the basis to comprehend the major energy technologies from a physical and economical perspective.

The journey through the book begins with some background theory on the physics and economics of energy. Major energy technologies (fossil, nuclear and renewable) are explored in-depth, explaining how they work and the costs involved. Finally, the journey ends by exploring the technical and economic feasibility of supplying the world by 2050 with sustainable energy only.

Numerous examples are provided to allow the reader to relate important concepts to real-life. The reader s understanding of the material can then be tested using the exercises at the end of each chapter.

This textbook is the first to thoroughly present the physics and the economics of energy. It is intended for graduate students and practitioners interested in the field of energy. It also enables the general reader to distinguish between political statement and fact."

This book provides a comparative study of the role of international organizations in environmental governance. Whilst a growing body of literature considers global governance in a number of policy areas, this volume delivers one of the first comprehensive accounts of international organizations in relation to environmental policy. Providing the reader with key insights within this area of global governance, the book focuses on policies developing in relation to climate change, biodiversity and international environmental funding. Presenting a compelling and up-to-date account of developments within this burgeoning policy area, the volume: * includes a range of case studies including the World Bank, UNEP and the OECD * presents quantitative and qualitative research that advances understanding of international organizations in the field of international relations * delivers contributions from a range of internationally renowned academics and specialists within the field International Organizations in Global Environmental Governance will be of interest to students and scholars of international relations theory, international economics, environmental policy, organizational theory and environmental studies.

This book presents a vision for a new and holistic organisational system and paradigm-panonomics. Panonomics proposes a comprehensive understanding of 'place' and an expansive understanding of 'time' as the foundational framework for a new system. Presented as a fitting response to a pandemic and in support of progress through the 4.0 age, panonomics asserts an onward and upward directionality towards a shared mission of human survival and planetary sustainability, characterised as the continuous accumulation of time. While ambitious in both scope and proposals, the book sets out a theoretical context and framework, modelling how the principles of panonomics can be applied to current and emerging policy and asserting that, through expanding and extending our understandings of key concepts such as place, time and innovation, we can break free from the confines of current and regressive economic structures, systems and institutions to reset, reframe and advance collectively towards a 'future now'.

The increasing demand for rural land and its natural resources is creating competition and conflicts. Many interested parties, including farmers, nature conservationists, rural residents and tourists, compete for the same space. Especially in densely populated areas, agriculture, recreation, urban and suburban growth and infrastructure development exert a constant pressure on rural areas. Because land is a finite resource, spatial policies which are formulated and implemented to increase the area allocated to one use imply a decrease in land available for other uses. As a result, at many locations, multi-purpose land use is becoming increasingly important. This notion of multi-purpose land use is reflected in the term 'multifunctionality'. This volume provides insights into viable strategies of sustainable management practices allowing multiple functions sustained by agriculture and natural resources in rural areas. It shows how the rural economy and policies can balance and cope with these competing demands and includes numerous case studies from Europe, North America and developing countries.

Recent developments in international policy on Reduced Emissions from Deforestation in Developing countries (REDD) open the way for crediting of carbon saved by rural communities through management of the forests in their vicinity. Since the annual changes in forest carbon stock under this kind of management are relatively small and often under the canopy, they cannot easily be assessed using remote sensing, so ground-level data collection is likely to be essential over large areas of forests. The potential role of communities in measuring, monitoring and reporting carbon stock changes in their forests has been explicitly mentioned in UNFCCC documentation on methodology for REDD+, the extended form of REDD that includes forest enhancement, sustainable forest management and forest conservation. This book presents practical methods by which communities can do it. These methods were developed and tested with communities in villages in Africa and Asia under a six-year research programme. The reliability of the data gathered by the community is shown to be equivalent to that of professional forest inventories while the costs are much lower. Involvement of local communities in collection of this data may be the most cost-effective solution for national REDD+ programmes. Moreover, it could provide the basis for a transparent system for distribution of the financial rewards from REDD+ and the carbon market. The book first presents the policy context, concepts, methods and general results, which include estimates of typical carbon savings resulting from community management in different types of tropical forests. It also looks at the governance issues that may be involved and a variety of ways in which incentive schemes might be designed to encourage communities to participate. The second half of the book is devoted to case studies from the countries involved in the research. These provide both ideas and practical experience to enable agencies to engage with local communities to monitor carbon stock changes.

Tropical forests are disappearing, giving way to alternative land uses. Sven Wunder gives an economic perspective on deforestation. Following a survey of different deforestation definitions, theories and empirical evidence, a case study of Ecuador provides an historical picture of factors affecting forest loss throughout different periods, regions and ecosystems. It is shown that policy and market failures alone cannot explain why rapid deforestation decision makers follow a composite economic rationale in their continuous clearing of forests which can only be counteracted by concerted action.

Written by a leading influencer in the circular economy who is widely credited for reframing the concept, the book presents complex ideas in an accessible fictional story. The book significantly increases Circular Economy literacy, awareness and appeal, in particular reaching a broader audience than those who are professional economists. Enables non-economists to frame sustainable solutions in economic terms. Gives a sense of hope to widespread societal malaise and concern about sustainability urgencies.

This book discusses the issues of integration within food and fibre supply chains and the challenges in managing price risk. The problems of integration and price risk are interwoven in agricultural supply chains with production and supply risk as well as hoarding. However, without supply chain integration through commercial trade markets there can be no forward market upon which forward transactions and the management of price risk can be based. Without a forward market that can reduce opportunistic behaviour, there is likely to be little security of supply, particularly under high production risk and price uncertainty. Whilst price risk management is possible under certain circumstances, there are many factors that can prevent the development of forward markets or cause them to collapse, thus undermining the ability to manage price risk within acceptable risk and return parameters. Market positions therefore need to be valued and often settled daily due to the risk of contract default. In addition, the issue of currency risk and its management applies to international market positions and transactional exposures. The book analyses a range of price risk management strategies from forward contracting through to futures and options hedging, and finally to over-the-counter products. Evaluation techniques are developed to aid decision-making. The author concludes that forward market development may be the exception rather than the norm, and that whilst favourable price risk management outcomes may be possible, they can sometimes be caused more by luck than through good management. It is shown how tactics are an important consideration in decision-making to minimize costs and losses.