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.

To understand China's climate change policy is not easy, as the country itself is a paradox actor in global climate political economy: it used to take very suspicious stand on the scientific certainty of climate change, but recently it has become a signatory and firm supporter of the Kyoto Protocol; it stubbornly refuses to accept any emission cutting obligations, but has gradually taken the lead in developing renewable energies and carbon trading business; it accuses western countries of their hypocrisy and irresponsibility, but ironically maintains close cooperation with them on low-carbon projects; it fears climate mitigation commitments may hamper the economic growth, but meanwhile spends most lavishly on the research and development of clean energy and other green technologies. This book, unlike other researches which explain China's climate policy from pure economics or politics/foreign policy perspectives, provides a panoramic view over China's climate-related regulations, laws and policies as well as various government and non-government actors involved in the climate politics. Through analyzing the political and socioeconomic factors that influence the world's largest carbon emitter's participation into the global collective actions against climate change, the book argues that as a vast continental state with a mix of authoritarian politics and a quasi-liberalised market economy, China's climate policy process is fragmented and self-defensive, seemingly having little room for significant compromises or changes; yet in response to the mounting international pressures and energy security concerns and attracted by lucrative carbon businesses and clean energy market, the regime shows some sort of better-than-expected flexibility and shrewdness in coping with the newly-emerged challenges. Its future climate actions, whether effective or not, are vital not only for the success of the global mitigation effort, but for China's own economic restructure and sustainable development. The book is a unique research monograph on the evolving domestic and foreign policies taken by the Chinese government to tackle climate change challenges. It concludes that instead of being motivated by concern about its vulnerability to climate change, Chinese climate-related policies have been mainly driven by its intensive attention to energy security, business opportunities lying in emerging green industries and image consideration in the global climate politics.

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.

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.

Marine and coastal resources provide millions of people with their livelihoods, such as fishing and tourism, and a range of critical additional 'ecosystem services', from biodiversity and culture to carbon storage and flood protection. Yet across the world, these resources are fast-diminishing under the weight of pollution, land clearance, coastal development, overfishing, natural disasters and climate change. This book shows how economic instruments can be used to incentivize the conservation of marine and coastal resources. It is shown that traditional approaches to halt the decline focus on regulating against destructive practices, but to little effect. A more successful strategy could be to establish schemes such as payments for ecosystem services (PES), or incorporate an element of financial incentives into existing regulatory mechanisms. Examples, both terrestrial and marine, from across the world suggest that PES can work to protect both livelihoods and environments. But to succeed, it is shown that these schemes must be underpinned by robust research, clear property rights, sound governance structures, equitable benefit sharing, and sustainable finance. Case studies are included from south and east Asia, Latin America, Africa and Australia. The book explores the prospects and challenges, and draws lessons from PES and PES-like programmes from across the globe.

This collection examines the important and topical issue of the economic, social and environmental implications of concerted attempts to diversify energy sources away from fossil fuels. The book expertly examines this issue by focussing on the contrasting experiences of two major economies; one developed, and the other a rapidly expanding, emerging market. Energy, Bio Fuels and Development evaluates the experience of Brazil, with elements of that of the US highlighted for the purpose of comparison. A key area of concern surrounds the causes and consequences of the contrasting routes to biofuel production represented by sugar cane (in Brazil) and corn (in the US). The book also places the recent biofuels drive in perspective by discussing the broader energy policy context. The book shows the complexity and interdependence of the issues involved in moving a society reliant on non-renewable energy sources to one based on alternative sources of energy. The key conclusion to emerge is that Brazil, in pursuing a flexible mix of fossil fuels and bio-fuels, has greatly diminished its exposure to exogenous energy shocks. The US experience - in particular its development of corn-based ethanol - has been more problematic, though by no means without successes. It is argued that bio fuels should not be seen as a panacea. There are clear limits to the efficiency and cost effectiveness of current biofuel production technologies while there remain concerns surrounding potentially adverse effects on food production and rural livelihoods. This book should be an excellent resource for students focussing on economic development, particularly in the areas of energy, biofuels, rural development and food supply.

Professor Bob Williams examines the essential elements that give ecosystems their durability. These key characteristics are: self-regulating cycles of key materials, a plentiful and durable energy source, an ability to adjust to changing circumstances, and the capacity for resiliency in the face of unpredictable disruptions. In separate chapters, each of these natural attributes are applied to our economy and 20 polices are recommended to shift our economy toward each of these objectives. The policies include marketable waste emission permits, a "carbon" tax, split-rate property taxation, environmental assurance bonds, a revamped home mortgage deduction, and an inheritance tax. These policies function to implement the principle of full-cost pricing in order to ensure market incentives that encourage environmentally temperate behaviour and decisions. This book will be of interest to students of Ecology and Economics, at undergraduate and postgraduate level alike, as well as anyone seeking an understanding of key ecological concepts that are critical to fully appreciating the role of natural capital in our economic affairs

This book traces the relations between the organization of violence and social and political order from ancient Rome to early modern Europe. Following the work of Michel Foucault, the author studies the ways authority, obedience and forms of self-conduct were produced by the micro-techniques used to govern the bodies of violence deployed in different forms of warfare.

This book covers a wide range of topics within mathematical modelling and the optimization of economic, demographic, technological and environmental phenomena. Each chapter is written by experts in their field and represents new advances in modelling theory and practice. These essays are exemplary of the fruitful interaction between theory and practice when exploring global and local changes. The unifying theme of the book is the use of mathematical models and optimization methods to describe age-structured populations in economy, demography, technological change, and the environment. Emphasis is placed on deterministic dynamic models that take age or size structures, delay effects, and non-standard decision variables into account. In addition, the contributions deal with the age structure of assets, resources, and populations under study. Interdisciplinary modelling has enormous potential for discovering new insights in global and regional development. Optimal Control of Age-structured Populations in Economy, Demography, and the Environment is a rich and excellent source of information on state-of-the-art modelling expertise and references. The book provides the necessary mathematical background for readers from different areas, such as applied sciences, management sciences and operations research, which helps guide the development of practical models. As well as this the book also surveys the current practice in applied modelling and looks at new research areas for a general mathematical audience. This book will be of interest primarily to researchers, postgraduate students, as well as a wider scientific community, including those focussing on the subjects of applied mathematics, environmental sciences, economics, demography, management, and operations research.

Input-Output Analysis (IOA) is widely used in the field of ecological economics, industrial ecology, and environmental sciences. Industrial Ecology (IE) and Ecological Economics (EE) are promising and growing fields. IOA plays a crucial role in analyzing the related environmental and resource issues and providing quantitative information to many research questions and policy implications. The major aim of this book is to provide not only a comprehensive overview of environmental IOA from 1930s to the present but also the frontiers of environmental IOA including energy structural decomposition analysis, spatial energy structural decomposition analysis, multi-regional waste make-use analysis, augmented waste input-output analysis, dynamic structural decomposition analysis with product lifetime distributions, and endogenous input-output analysis with product lifetime distributions to professionals, practitioners, and students. This book presents a novel dynamic structural decomposition analysis to evaluate the effects of the product lifetime shifts and structural changes such as technological changes and final demand shifts on the life cycle energy consumptions. It also contributes to modelling a simple social accounting method with cumulative product lifetime distributions and argues how product lifetime extension affects energy consumptions and income flow throughout the entire economic system. The book demonstrates the author's expertise in IOA and is an essential read for students and scholars in the field.

This volume gathers contributors across a wide range of disciplines to explore the relationship between the environment, economics, and development in Nigeria from the twentieth century to the present, examining issues such as violence, health, and contemporary concerns about sustainability and conservation. It sheds light not just on the environmental history of Nigeria - a crucial, paradigmatic case in its own right - but also offers insights into these issues as they manifest themselves throughout the developing world.

The trade conflicts that the EU has faced within the EU or WTO context demonstrate that the question of how to balance trade and other societal values in situations of uncertainty has not been solved by the regulatory model evolved by the EU in the aftermath of the BSE crisis - one which privileges processes of depoliticisation and scientification. This book addresses the current key dilemmas around science, law and the regulation of trade, both on a regime level and in the context of particular industrial sectors, e.g pharmaceuticals, climate change and nanotechnology. It will present possible future research avenues by looking at both theory and practice and learning from various disciplines (law and social sciences), legal realities (WTO, USA and EU) and actors (regulators, stakeholders, courts).

The impact of climate change is global both in its cause and its effect. Thus there is a global responsibility for international cooperation to tackle the causes through mitigation strategies such as those agreed at the Durban Platform of December 2011. This climate regime aims to define responsibilities, mechanisms, funding and compliance in order to achieve a clear objective regarding the reduction of greenhouse gas emissions. Although tackling the causes of climate change through mitigation is necessary, it is also essential to examine the effect of climate change and what international cooperation can take place to ensure global adaptation measures. This pioneering book deals exclusively with the politics of why adaptation as a global responsibility continues to be ignored. Scientific consensus is that the impacts of climate change are increasing, as evident from the greater frequency, intensity and magnitude of climate disasters in recent years. This book asks why anticipatory and planned measures for reducing vulnerability to the impacts of climate change should not be regarded as a global responsibility in the same way as mitigation. This discrimination is likely to continue unless the framing and legal basis of adaptation can be strengthened. It is with this aim in place that Professor Khan utilises his experience in academia and as a negotiator to analyse the politics surrounding this important issue. In this book the author sets out a framework for establishing a legally-binding adaptation regime under the United Nations Framework Convention on Climate Change, with the view to reducing the gap between the strategic focus on mitigation and adaptation. This is invaluable research for students researching climate change from a variety of disciplinary perspectives, including the politics, law and economics of the issue.

This book sheds light on how global warming has caused the ongoing environmental disaster in the Arctic, namely its melting. This development, if left unabated, will have a major negative environmental impact, not only on the Arctic itself, but on the entire planet, including the worsening of global warming and rising sea levels. The latter is a major threat to all island countries and all countries having coastlines with open seas with major environmental, social, economic, political and military/security implications. The Arctic melting is bringing about challenges while opening doors for certain opportunities. These are the accessibility of the region's large oil, gas and coal reserves and minerals, including rare earth elements. They are in demand both in the Arctic littoral states (Canada, Denmark/Greenland, Norway, Russia and USA) and the Greater Arctic countries (Iceland, Finland and Sweden) as well as in other parts of the world. In particular, major oil and gas importers (China, India, Japan and South Korea) are interested in the Arctic energy resources, the main non-regional countries with a capability to engage in the region. The obvious importance of the regional energy and mineral resources makes the division of the region among the regional countries crucial. The melting of the Arctic ice will also lead to the availability for at least a few months a year of a Northern Sea Route and a Northwest Passage connecting Europe to North America and the North-Eastern part of Asia. The importance of these northern routes and the Arctic mineral and energy resources is contributing to a growing military presence of mainly the USA and Russia in this region, which could lead to an arms race. This book offers invaluable insights on the issues that have grave implications for energy security and geopolitics in the arctic.

The development of an international substantive environmental right on a global level has long been a contested issue. To a limited extent environmental rights have developed in a fragmented way through different legal regimes. This book examines the potential for the development of a global environmental right that would create legal duties for all types of decision-makers and provide the bedrock for a new system of international environmental governance. Taking a problem solving approach, the book seeks to demonstrate how straightforward and logical changes to the existing global legal architecture would address some of the fundamental root causes of environmental degradation. It puts forward a draft global environmental right that would integrate duties for both state and non-state actors within reformed systems of environmental governance and a rational framework for business and industry to adhere to in order that those systems could be made operational. It also examines the failures of the existing international climate change regime and explains how the draft global environmental right could remedy existing deficits. This innovative and interdisciplinary book will be of great interest to policy-makers, students and researchers in international environmental law, climate change, environmental politics and global environmental governance as well as those studying the WTO, international trade law, human rights law, constitutional law and corporate law.

As "business as usual" has become the mantra of today's world, it's unlikely to see a decrease in hazardous waste generated from greater economic growth. Written by renowned experts, the book suggests a solution, supported by theoretical arguments to this waste problem. The book discusses how main problems for waste management can be addressed through appropriate policies adopted by governments in OECD countries. The book also raises thoughtful questions on how household waste management services should be privatized and who should pay for the disposal and recycling costs. It attempts to answer these questions. The book considers several factors hindering the first-best optimal outcome and highlights two crucial ones. It elaborates further with models and the solutions on how to overcome these obstacles. The book covers not only traditional resource economics and waste management, but also the recent problem of Electric waste (E-waste) and illustrates in details, how the environments of developing countries are inevitably polluted even with the Basel ban Amendment in place. The book proposes an alternative international trading regulation to address E-waste. This book will certainly appeal to industry decision-makers, policy makers and legislators.

Humanity is facing an unprecedented global catastrophe as a result of global warming. This book examines the reasons why international agencies, together with national governments, are seemingly unable to provide real and binding solutions to the problems. The reasons presented relate to the existing dominant global economic structure of capitalism as well as the fact that global warming is too often seen as an isolated problem rather than one of a suite of exceptional, converging and accelerating crises arising from the global capitalist political economy. This book adopts a political economy framework to address these issues. It accepts the science of global warming but challenges the predominant politics and economics of global warming. To illustrate the key issues involved, the book draws on South Africa - building on Samir Amin's thesis that the country represents a microcosm of the global political economy. By taking a political economy approach, the book provides a clear explanation of the deep and pervasive problem of the denial which fails to acknowledge global warming as a systemic rather than a market problem. The book should be of interest to students and scholars researching climate change, environmental politics, environmental and ecological economics, development studies and political economics.

It is now well accepted that deforestation is a key source of greenhouse gas emissions and of climate change, with forests representing major sinks for carbon. As a result, public and private initiatives for reducing emissions from deforestation and forest degradation (REDD) have been widely endorsed by policy-makers. A key issue is the feasibility of carbon trading or other incentives to encourage land-owners and indigenous people, particularly in developing tropical countries, to conserve forests, rather than to cut them down for agricultural or other development purposes. This book presents a major critique of the aims and policies of REDD as currently structured, particularly in terms of their social feasibility. It is shown how the claims to be able to reduce greenhouse gas emissions as well as enhance people's livelihoods and biodiversity conservation are unrealistic. There is a naive assumption that technical or economic fixes are sufficient for success. However, the social and governance aspects of REDD, and its enhanced version known as REDD+, are shown to be implausible. Instead to enhance REDD's prospects, the author provides a roadmap for developing a new social contract that puts people first.