Interfuel substitution is an issue that is - and will likely remain - an important topic of inquiry for many years, as governments around the world seek to set policies that are intended to restrain carbon emissions or steer economies toward or away from certain fuels. This book contributes to this issue by estimating short- and long-term interfuel substitution elasticities, at the aggregate and sector levels, through the use of the latest advances in microeconometrics as well as recent international data for a number of OECD and non-OECD countries.

This book focuses on environmental financing in the process of alignment with the EU. Based on comparative analysis of national environmental strategies and financial needs, and their links with strategic development documents in five selected countries (Bulgaria, Romania, Slovenia, Croatia, Turkey) the book identifies main achievements and remaining challenges in the main areas of environmental regulation: nature protection, water, waste, air and climate change. For each area the same concept is applied: current situation is presented, followed by an overview of institutional and legal frameworks. Division of competences between actors at the same or at different levels is addressed. Costs of implementation are estimated and possible sources of financing identified.

Putting a price tag on the environment is controversial. This book discusses ethical and political aspects of environmental cost-benefit analysis: why controversies must be expected, why they should be taken seriously, and how they can be handled in practice. Cost-benefit analysis is commonly thought of as a method for ranking projects according to their contributions to social welfare. The starting point of the present book is different. Rather than providing a final ranking, the purpose of a project analysis is to enable participants in a democratic decision-making process to make their own well-founded rankings of projects, according to their own normative views. Since ethical and political views differ, the analysis should be useful as factual background for any reasonable social welfare judgement. This purpose faces the analyst with quite different challenges than the purpose of ranking projects. The argument of the book is based on economic theory, but with a strong emphasis on readability and applicability. It is aimed at those - economists and non-economists alike - who use or are faced with cost-benefit analysis and environmental valuation in their work: politicians, employees of ministries and regulatory agencies, students, journalists, consultants and researchers. No particular prior knowledge of economics is required.

In this book Professors Pablo Mart nez de Anguita and John E. Wagner put two disciplines together, regional and ecological economics, presenting a way to understand ecological economic concerns from a regional perspective, and providing a mathematical tool to measure their interrelationships. This book offers different regional economic models that explicitly include the role of the natural resources and pollutants in economic regions through the use of Social Accounting Matrixes and Input-output models.

The main objective of this book is to explore Input-output and Social Accounting Matrix (SAM) models by expanding the accounts to include natural resources and the environment. The proposed models in this book incorporate the forest and other natural resources and pollutants as a component in a larger model of how the economy and environment of larger areas interact. This book will be of interests to postgraduates, researchers and scientists in the fields of regional, resource, environmental, or ecological economics.

This volume assembles a group of eminent scholars to look at the problem of growth and environment from the perspective of environmental regulation. The questions addressed are: How does economic growth interact with regulation, and what are the best approaches to regulation in use today?

The context for the volume is the current situation in China, where twenty years of rapid growth have created a situation in which there are both demands for environmental regulation and needs for choosing a future development path. The advent of "A Macro-Environmental Strategy" for China presents an opportunity to ask how and why China should introduce regulation into its management of its development. The volume includes contributions from leading Chinese experts and established environmental economists from other countries including Timo Goeschl, Ben Groom and Andreas Kontoleon.

The volume looks at both the demand side of environmental regulation and the supply side. The demand side of regulatory intervention examines how regulation operates to supplement existing resource-allocation mechanisms, via effective demand aggregation and implementation mechanisms. The supply side of regulation examines how regulation operates to guide industrial growth down particular pathways, in the pursuit of managed development. Both sides of environmental regulation involve the important issue of implementation and enforcement.

This volume will be of most value to academics and scholars of environmental economics, growth economics, the Chinese economy and policy-makers of environmental regulations.

The ubiquity of the commitment to economic growth, which Purdey refers to as the growth paradigm, is extraordinary. National governments around the world are seized of the same objective. Major international institutions such as the UN, the WTO, the World Bank, IMF and OECD, powerful international organizations such as regional trading blocs and multinational corporations - even civil societies of all kinds enthusiastically pursue a larger economic pie. This book examines the deep origins and rise to prominence of the commitment to economic growth. It explains why, despite the diversity of regime types, levels of development, cultures and other divisions typical of international relations, all major actors in the modern global polity pursue an identical political priority. Purdey critically examines the growth paradigm highlighting its normative foundations and its environmental impact, especially climate change. Using a neo-Gramscian approach, Purdey re-engages the 'limits to growth' controversy, identifying the commitment to growth as a form of utopianism that is as dangerous as it is seductive. By illuminating and interrogating the history, politics and morality of the growth paradigm, this book shifts the terrain of the limits debate from instrumental to ethical considerations. It will be of interest to students and scholars of political economy, international relations, environmental studies and ethics.

The four decades of neoliberalism, globalisation and financialisation have produced crises - financial and pandemic - and rising inequality. The climate emergency threatens the future of the planet. This book explores many dimensions of the background to these crises. There is the development of policy agendas to address the climate emergency. The rise in inequality is studied in terms of impacts of financialisation and the relationships between growth and inequality. The record of the neoliberal experiment in the USA is critically examined. The roles of financial institutions including public banks and micro-finance are explored, as is the need for improved financial oversight in the Economic and Monetary Union. The growth of global value chains has been a major aspect of globalisation, and the question is examined of whether such chains provide a ladder for development. Globalisation has also featured trade imbalances and large capital flows, and their causes and effects are examined with respect to China and South Africa respectively. This volume will be of great value to students, scholars and professionals interested in political economy, economic thought, climate change, sustainability and business studies. The chapters in this book were originally published as a special issue of the journal, International Review of Applied Economics.

This book is designed for those scholars, students, policy-makers - or just curious readers - who are looking for heterodox thinking on the issue of environmental economics and policy. Contributions to this book draw on multiple streams of institutional and evolutionary economics and help build an approach to environmental policy that radically diverges from mainstream prescriptions. Institutions and technologies - and not only markets - are at the heart of a systemic and dynamic analysis of those structural changes which are needed to create a sustainable economy. Actors for change - and their ability to influence politics and policy - are explicitly taken into consideration. These issues are analyzed from different viewpoints by contributors to the book: some focus on behavior and institutions, others analyze the interaction of economic and technological dynamics; some provide sectoral case studies and others have the ambition to provide the reader with an overall picture. But all authors view environmental policy as a combination of actions that can trigger - and make viable - those structural changes which are needed to reach sustainability.

The embedding of energy efficiency in the management of individual housing organisations is crucial for the realization of current ambitious energy efficiency policies. This issue is examined for the first time in this book through an analysis of selected case studies in new 'green' buildings, as well as in the retrofitting of existing housing, maintenance and budgeting. The links between policy ambitions, practice and housing management institutions are given particular attention. Thus the book is primarily concerned with how ambitions about energy efficiency are carried forward in investment decisions at the housing estate level. Technical and financial issues relevant for this are also addressed. The editors combine a wealth of experience in comparative research on housing policy and housing management with a strong academic background in housing studies and economics. The book aims to be internationally comparative including a range of countries. A chapter will be devoted to each of the following countries:- Sweden; Denmark; Germany; the Netherlands; England; France; Switzerland; Austria; Czech Republic; Slovenia; Canada. The book will appeal to a large audience of students and academics who are concerned with housing issues, urban policy and politics as well as to those engaged in research in energy efficiency policies in the built environment.

This book is the first to present in a systematic manner the application of game theory to fisheries management at both international and national levels. Strategic interaction among fishers and nations exploiting fishery resources is an inescapable fact of life. This has long been recognized at the international level, and is becoming increasingly recognized at the national/regional level. It follows, therefore, that, in order to be able to analyse effectively the management of these resources, the theory of strategic interaction game theory must be brought to bear. In this book the step-by-step development of the game theory is accompanied by numerous applications to the real world of fisheries management policy. As such, it is designed to appeal to policy makers and stakeholders, as well as to graduate students in Economics.

Water is becoming increasingly scarce. If recent usage trends continue, shortages are inevitable. Aquanomics discusses some of the instruments and policies that may be implemented to postpone, or even avoid, the onset of "water crises." These policies include establishing secure and transferable private water rights and extending these rights to uses that traditionally have not been allowed, including altering in-stream flows and ecosystem functions. The editors argue that such policies will help maximize water quantity and quality as water becomes scarcer and more valuable. Aquanomics contains many examples of how this is being accomplished, particularly in the formation of water markets and market-like exchanges of water rights.

Many observers see calamity ahead unless water supplies are harnessed and effectively conserved, and unless water quality can be improved. It is also clear that declining water quality is a serious problem in much of the world, as increasing human activities induce high levels of water degradation. Those who voice these concerns, argue the contributors to this volume, fail to consider the forces for improvement inherent in market political-economic systems that can address water issues. The contributors see water quality in economically advanced countries as improving, and they believe this establishes the validity of market-based approaches.

Policy and management decisions are often made on financial grounds. However, the economic value of the benefits that people derive from ecosystems, that is, ecosystem services, may not be fully recognised and hence ecosystem considerations may not be incorporated adequately into decision-making processes. This is particularly true for regulating services, the benefits obtained from the regulation of ecosystem processes, the valuation of which requires an interdisciplinary approach. In essence, valuation is a problem solving strategy and a problem is a problem, it does not respect the boundary of any particular discipline.

The valuation of regulating services is an evolving field of ecological economics. In this book, Dr. Pushpam Kumar and Dr. Michael D. Wood have invited some of the foremost international experts in the field of ecosystem services valuation to contribute chapters on the valuation of regulating services and highlight some of the main obstacles to the implementation and acceptance of these methodologies in the context of decision-making. The contributors explore the theoretical underpinning of valuation of ecosystem services and demonstrate ways in which these theories can be applied to case-specific problems in order to inform decision-making processes.

This collection clarifies some of the doubt and uncertainty regarding the valuation of regulating services. Innovative methodologies in this field have started to emerge and in coming years there may be much further discussion on this topic as methodologies and understanding continue to evolve. This is a highly active area of interdisciplinary research with far reaching social and environmental implications, and this book should be of interest to those who are new to the field, as well as established experts, in moving both theory and practice forward.

Eco-innovation is becoming a conceptual reference point for many regional and international public policies and management strategies. This field of research has been focusing on how environmental innovation is particularly related to the intensity of emissions and economic performance. There are two reasons for this growing interest. The first is that environmental performance is one of the main economic policy goals of European countries, thanks to its relevance to the Lisbon Strategy and the Goteborg priorities for sustainable development. The second, which is partly linked to the first, is related to the growing impact of environmental regulation on private sector activity in many European countries.

This volume brings together microeconomics studies on firms eco-innovation and economic performance, both in the industrial and service sector, with a sector-based perspective rooted mainly in the exploitation of NAMEA data at regional level, and finally with a macroeconomic analysis of the environment, income and welfare.

This collection brings together the best of recent research in the interlinked areas of eco-innovation and income-environment relationships studies, and in its entirety is an excellent source of knowledge for postgraduates, researchers and students of Environmental and Ecological Economics alike. As well as fully developing the theoretical aspects of its topics, these essays are also strongly policy-oriented and will be of interest to anyone seeking information on an applied perspective.

This is a companion book to Earthscan's 2010 book Climate Change Adaptation and International Development. This book consists of summarised case studies looking at climate change mitigation specifically in Asia, the region producing the most greenhouse gas emissions. It examines international development from the perspective of climate change mitigation and looks at how international communities and donors support developing nations by funding, technical assistance and capacity building.

This is a companion book to Earthscan's 2010 book Climate Change Adaptation and International Development. This book consists of summarised case studies looking at climate change mitigation specifically in Asia, the region producing the most greenhouse gas emissions. It examines international development from the perspective of climate change mitigation and looks at how international communities and donors support developing nations by funding, technical assistance and capacity building.

At the 1992 United Nations Conference on Environment and Development, popularly known as the Rio Earth Summit, the world's leaders constructed a new "sustainable development" paradigm that promised to enhance environmentally sound economic and social development. Twenty years later, the proliferation of multilateral environmental agreements points to an unprecedented achievement, but is worth examining for its accomplishments and shortcomings. This book provides a review of twenty years of multilateral environmental negotiations (1992-2012). The authors have participated in most of these negotiating processes and use their first-hand knowledge as writers for the International Institute for Sustainable Development's Earth Negotiations Bulletin as they illustrate the changes that have taken place over the past twenty years. The chapters examine the proliferation of meetings, the changes in the actors and their roles (governments, nongovernmental organizations, secretariats), the interlinkages of issues, the impact of scientific advice, and the challenges of implementation across negotiating processes, including the Framework Convention on Climate Change, the Convention to Combat Desertification, the Convention on Biological Diversity, the Commission on Sustainable Development, the UN Forum on Forests, the chemicals conventions (Stockholm, Basel and Rotterdam), the Montreal Protocol on Substances that Deplete the Ozone Layer, the Convention on International Trade in Endangered Species, the Convention on Migratory Species and the International Treaty on Plant Genetic Resources for Food and Agriculture.

This book is purposefully styled as an introductory textbook on circular economy (CE) for the benefit of educators and students of universities. It provides comprehensive knowledge exemplified by practices from policy, education, R&D, innovation, design, production, waste management, business and financing around the world. The book covers sectors such as agriculture/food, packaging materials, build environment, textile, energy, and mobility to inspire the growth of circular business transformation. It aims to stimulate action among different stakeholders to drive CE transformation. It elaborates critical driving forces of CE including digital technologies; restorative innovations; business opportunities & sustainable business model; financing instruments, regulation & assessment and experiential education programs. It connects a CE transformation for reaching the SDGs2030 and highlights youth leadership and entrepreneurship at all levels in driving the sustainability transformation.

The globalizing world is increasingly confronting a new category of security issues related to resource availability. The resource environment contains both traditional categories, such as energy, foodstuffs, and water, as well as new technologically related resources, such as rare earth minerals. The essays in this volume emphasize both the uniqueness and the magnitude of these new challenges, while simultaneously acknowledging that cooperation and competition in response to these security concerns occur within the context of both the historical and contemporary international power configurations. Moreover, these challenges are of a global nature and will require global perspectives, global thinking, and innovative global solutions. Krishna-Hensel brings together a wide range of topics focusing on critical resource availability impacting upon global security and the geopolitical ramifications of resource competition. The volume addresses the development of strategic thinking on these issues and underscores the increasing awareness that this is a critical area of concern in the twenty-first century global landscape.

After the failure of the Copenhagen conference, climate finance has become the buzzword of international climate negotiations. A fast-track volume of 30 billion US dollars has been promised by industrialised countries for emissions mitigation and adaptation activities in developing countries. A frantic race for access to these funds has begun without any consideration how an effective allocation could be achieved. This could lead to a backlash against climate finance in general once the first headlines about misuse of funds appear. This volume explores ways to safeguard effectiveness of climate finance. Looking into the past decade of climate policy, the authors show that market mechanisms can be a surprisingly attractive and transparent way to promote emissions mitigation in the Global South.

The 21st century promises to be an era dominated by international response to c- tain global environmental challenges such as climate change, depleting biodiversity and biocapacity as well as general atmospheric, water and soil pollution problems. Consequently, Environmental decision making (EDM) is a socially important ?eld of development for Operations Research and Management Science (OR/MS). - certainty is an important feature of these decision problems and it intervenes at very different time and space scales. The Handbook on "Uncertainty and Environmental Decision Making" provides a guided tour of selected methods and tools that OR/MS offer to deal with these issues. Below, we brie?y introduce, peer reviewed, chapters of this handbook and the topics that are treated by the invited authors. The ?rst chapter is a general introduction to the challenges of environmental decision making, the use of OR/MS techniques and a range of tools that are used to deal with uncertainty in this domain.

This book examines the reconstruction of Afghanistan's economy during the US and international occupation of the country between 2001 and 2021. Applying an institutionalist framework and based on extensive empirical data, it focuses on resource allocation by private individuals in manufacturing activities. As such, market-oriented policy adopted in this period is analysed to highlight its suitability in such a context for achieving relatively better and more productive resource allocation. The book underscores 'socially contingent knowledge' and its role in private resource allocation where the private sector's involvement is fledgling, bringing out the limitations and possibilities that this feature entails. It raises important questions and deals with problems that are relevant to contemporary debates in economics and political economy of development.

How can we build the institutions that will promote the cooperation needed to meet our intertwined environmental and economic needs? Efforts to meet these twin goals in New York City's watershed collaborations offer some guidance. The experience provides lessons in addressing scattered sources of pollution, encouraging environmentally compatible economic development, and coping with conflicts that are part of the collaboration process. It also yields insights into what we need to work effectively towards sustainable economic development. This book identifies many barriers to achieving the cooperation necessary to solving our water problems and discusses how watershed collaborations are a means to overcoming those barriers. Historical experience and lessons from other watershed collaborations informed the design of New York City's complex watershed collaboration which is shown to contain the elements of a "green milieu" that can foster sustainable economic development. The particular challenges to the collaboration's environmental and economic goals created by the watershed's rural economy, farming and forestry are described. The unusual inclusion of the analysis of the economic aspects and effects of collaboration, of the relationship between collaboration and sustainable development, and of the processes of implementation and conflict make this book especially valuable to those interested in collaboration, regulation, environmental cooperation and conflict, watershed protection, economic development in general, and sustainable economic development in particular.

Economic development and the environment are presumed to be in conflict, but the latter part of the twentieth century experienced a series of economic changes that increasingly questioned this view. Economic activity became more footloose and the ability to attract productive labor became a prominent regional development concern. Consequently, environmental amenities began to have a larger role in determining the patterns of regional growth and development, and subsequently moved to the forefront of current regional economic development thought and practice. Environmental amenities provide non-pecuniary benefits to area residents, and induce in-migration flows to regions that possess high levels of environmental amenities. The attraction is particularly strong for those individuals with higher incomes and wealth. The combined forces of increased demand for environmental amenities and increased spatial flexibility of production has brought environmental amenities to the forefront of current regional economic development thought and practice. Regional economic development policy needs to consider the tradeoffs of attracting firms or people, which requires an understanding of the role the environment plays directly or indirectly in attracting firms and households. This book presents key papers that explore the role of the natural environment in regional economic development. The papers contain critical insights and information for both researchers and practitioners interested in the nexus between environmental amenities and regional economic growth and development. The book covers varied dimensions of this issue, including: the relative importance of amenities in recent variation in regional growth; the role of local infrastructure in promoting amenity-led development; socio-economic distribution concerns and sustainability of amenity-based growth; and the effects of local environmentally protected areas on other economic activities. This book will be of most value to practitioners and academics, specifically related to the areas of environmental economics, regional economic development, local and regional planning, public administration and public policy.

Significant advances have occurred in recent years in Europe and in North America in addressing agri-environmental policies. Land use issues tend to be more pressing in Europe than in the US as a whole because of different spatial exigencies. Because these advances have taken place within individual academic disciplines, there has been something of a loss of synergy and often efforts are duplicated. While important institutional and legal differences still exist between the two continents, the sharing of recent scientific advances will benefit scientists on both sides of the Atlantic and this is the main purpose of this book. The primary features of the book are threefold. First, the authors aim to identify options for policy to overcome the challenges ahead related to future agri-environmental policies. Second, they synthesize existing knowledge and identify gaps in current knowledge along with future research needs. Finally, they explicitly compare agri-environmental interactions and approaches to their resolution in Europe and in the US. This is the only major book of its kind that focuses specifically on the intersection between agricultural and environmental policies and issues. Furthermore, the multi-disciplinary approach taken in the volume, as well as the inclusion of authors from both sides of the Atlantic Ocean, makes the book unique. This book will be of most value to university faculty and students interested in agriculture and the environment on both sides of the Atlantic, the text should also be of interest to informed laypersons as well as policymakers.

Thomas Sterner's book is an attempt to encourage more widespread and careful use of economic policy instruments. The book compares the accumulated experiences of the use of economic policy instruments in the U.S. and Europe, as well as in rich and poor countries in Asia, Africa, and Latin America. Ambitious in scope, it discusses the design of instruments that can be employed in any country in a wide range of contexts, including transportation, industrial pollution, water pricing, waste, fisheries, forests, and agriculture.

While deeply rooted in economics, Policy Instruments for Environmental and Natural Resource Management is informed by political, legal, ecological, and psychological research. The new edition enhances what has already been widely hailed as a highly innovative work. The book includes greatly expanded coverage of climate change, covering aspects related to policy design, international equity and discounting, voluntary carbon markets, permit trading in United States, and the Clean Development Mechanism. Focusing ever more on leading ideas in both theory and policy, the new edition brings experimental economics into the main of its discussions. It features expanded coverage of the monitoring and enforcement of environmental policy, technological change, the choice of policy instruments under imperfect competition, and subjects such as corporate social responsibility, bio-fuels, payments for ecosystem services, and REDD.