The remarkable performance of the Chinese economy in the last three decades has placed China at the centre of the world stage. In 1993, China became a net importer of energy, although it was not until the early 2000s that the world began to pay more attention to China's energy needs and its potential impact on the world. With China's energy search occurring within a hegemonic global structure dominated by the United States, the US watches with interest as China enhances its ties with energy-rich states. The book examines this triangular relationship and questions whether the US and China are in competition regarding access to the energy of a third state, within the context of a potential power transition. It includes case studies on China's energy relationship with countries such as Canada, Australia, Saudi Arabia, Nigeria, Brazil, Kazakhstan, Iran, Sudan and Venezuela and aims to understand the way a rising power interacts with the existing leading power and the possible outcome of this competition. The analytical framework employed helps the reader to understand not only the nature and pattern of triangles among US, China and the Resource Rich States under 'resource diplomacy', but also the salient features of US-China competition around the world. Making an impressive contribution to the literature in fields such as US-China relations, international relations, Chinese foreign policy and global energy geopolitics, this book will appeal to students and scholars of these subjects.

China has been subject to floods, droughts and heat waves for millennia; these hazards are not new. What is new is how rapidly climate risks are changing for different groups of people and sectors. This is due to the unprecedented rates of socio-economic development, migration, land-use change, pollution and urbanisation, all occurring alongside increasingly more intense and frequent weather hazards and shifting seasons. China's leadership is facing a significant challenge - from conducting and integrating biophysical and social vulnerability and risk assessments and connecting the information from these to policy priorities and time frames, to developing and implementing policies and actions at a variety of scales. It is within this challenging context that China's policy makers, businesses and citizens must manage climate risk and build resilience. This book provides a detailed study of how China has been working to understand and respond to climatic risk, such as droughts and desertification in the grasslands of Inner Mongolia to deadly typhoons in the mega-cities of the Pearl River Delta. Using research and data from a wide range of Chinese sources and the Adapting to Climate Change in China (ACCC) project, a research-to-policy project, this book provides a fascinating glimpse into how China is developing policies and approaches to manage the risks and opportunities presented by climate change. This book will be of interest to those studying global and Chinese climate change policy, regional food, water and climate risk, and to policy advisors.

Environmental risk directly affects the financial stability of banks since they bear the financial consequences of the loss of liquidity of the entities to which they lend and of the financial penalties imposed resulting from the failure to comply with regulations and for actions taken that are harmful to the natural environment. This book explores the impact of environmental risk on the banking sector and analyzes strategies to mitigate this risk with a special emphasis on the role of modelling. It argues that environmental risk modelling allows banks to estimate the patterns and consequences of environmental risk on their operations, and to take measures within the context of asset and liability management to minimize the likelihood of losses. An important role here is played by the environmental risk modelling methodology as well as the software and mathematical and econometric models used. It examines banks' responses to macroprudential risk, particularly from the point of view of their adaptation strategies; the mechanisms of its spread; risk management and modelling; and sustainable business models. It introduces the basic concepts, definitions, and regulations concerning this type of risk, within the context of its influence on the banking industry. The book is primarily based on a quantitative and qualitative approach and proposes the delivery of a new methodology of environmental risk management and modelling in the banking sector. As such, it will appeal to researchers, scholars, and students of environmental economics, finance and banking, sociology, law, and political sciences.

examines the complex interrelationships between water availability, governance and violent and non-violent conflicts, drawing on in-depth case studies of Lake Naivasha in Kenya and Lake Wamala in Uganda. illustrates how politically and economically motivated water use increases violent tensions over access to and the use of fresh-water resources. evaluates the resilience and vulnerability of local actors ability to access water and examines the nexus between the need to access water and the ability to influence access to water This book will be of great interest to scholars and professionals of water resource management and governance, African development, conflict resolution and sustainable development.

The Low-Carbon Good Life is about how to reverse and repair four interlocking crises arising from modern material consumption: the climate crisis, growing inequality, biodiversity loss and food-related ill-health. Across the world today and throughout history, good lives are characterised by healthy food, connections to nature, being active, togetherness, personal growth, a spiritual framework and sustainable consumption. A low-carbon good life offers opportunities to live in ways that will bring greater happiness and contentment. Slower ways of living await. A global target of no more than one tonne of carbon per person would allow the poorest to consume more and everyone to find our models of low-carbon good lives. But dropping old habits is hard, and large-scale impacts will need fresh forms of public engagement and citizen action. Local to national governments need to act; equally, they need pushing by the power and collective action of citizens. Innovative and engaging and written in a style that combines storytelling with scientific evidence, this book will be of great interest to students and scholars of climate change, sustainability, environmental economics and sustainable consumption, as well as non-specialist readers concerned about the climate crisis.

This book takes a compelling approach to describing what is needed to create the kind of future that most people on Earth really want. Our global society is hopelessly addicted to a particular vision of the world and a future that has become both unsustainable and undesirable. Addicted to Growth frames our current predicament as a societal addiction to a 'growth at all costs' economic paradigm. While economic growth has produced many benefits, its side effects are now producing existential problems that are rapidly getting worse. Robert Costanza considers lessons from what works at the individual level to overcome addictions and applies them to a societal scale. Costanza recognises that the first step to recovery is recognising the addiction and that it is leading to disaster; however, simply pointing out the dire consequences of our societal addiction is only the first step and can be counterproductive by itself in motivating change. The key next step is creating a truly shared vision of the kind of world we all want, and the book explores creative ways to implement this societal therapy. The final step is using that shared vision to motivate the changes needed to achieve it, including adaptive transformations of our economic systems, property rights regimes, and governance institutions. An exciting contribution from a key thinker in the field, this book will be a valuable resource to students and scholars of public policy and sustainability studies, and anyone interested in understanding and overcoming our societal addiction to growth.

As the global economy seeks to recover from the financial crisis and warnings about the consequences of climate change abound, it is clear that we need a fundamentally new approach to tackle these issues. This innovative book offers a unique perspective, stressing the necessity of both ecological and social change as it discusses how to create a "red-green" or "eco-socialist" society. Examining the current crises of welfare capitalism as well as the challenges and conflicts of an eco-socialist society, the book proposes a new social order that would combine the ideals of egalitarianism and of environmental sustainability. It analyses the key social and ecological issues related to the welfare state, including green Keynesianism, ecological Marxism, the limits of growth and no-growth, capitalist barriers to a renewable energy transition, proposals for a universal basic income and the role of technology. Finally, the book outlines possible paths of transformation towards creating an eco-socialist society, drawing out lessons that can be applied internationally. This book will be of great interest to students and researchers in economics, environmental studies and political science.

Decades of research and discussion have shown that the human population growth and our increased consumption of natural resources cannot continue - there are limits to growth. This volume demonstrates how we might modify and revise our economic systems using nature as a model. The book describes how nature uses three growth forms: biomass, information, and networks, resulting in improved overall ecosystem functioning and co-development. As biomass growth is limited by available resources, nature uses the two other growth forms to achieve higher resource use efficiency. Through a universal application of the three 'R's: reduce, reuse, and recycle, nature thus shows us a way forward towards better solutions. However, our current approach, dominated by short-term economic thinking, inhibits full utilization of the three 'R's and other successful approaches from nature. Building on ecological principles, the authors present a global model and futures scenario analyses which show that implementation of the proposed changes will lead to a win-win situation. In other words, we can learn from nature how to develop a society that can flourish within the limits to growth with better conditions for prosperity and well-being.

With different intensities, depending on the season, every morning and evening of any weekday there are the same peaks in electricity demand. Peaks can bring about significantly negative environmental and economic impacts. Demand Side Response is a relatively recent solution in Europe which has the potential to reduce peak demand and ease impending capacity shortages. Peak Energy Demand and Demand Side Response presents evidence on a set of Demand Side Response activities, ranging from price-based to incentive-based programmes and policies. Examples are drawn from different programmes for both residential and non-residential sectors of electricity demand, including Time of Use tariffs, Critical Peak Pricing Automated Demand Controllers and Ancillary Services. The book also looks at the actual energy saving impacts of smart meters, the activities which constitute peak demand and the potential opportunities associated with European smart grids and Capacity Markets. This is the first book presenting comprehensive analysis of the impacts, cost benefits and risks associated with Demand Side Response programmes and policies. It should be of interest to students, scholars and policy-makers in the areas of energy, environmental economics and applied economics.

Between the 1950's and 1970's, the Sulphur industry continued to grow despite occasional shortages and excesses. In this study originally published in 1970, Hazleton focuses on the Frasch sulphur industry to explore issues such as competing sources of sulphur, the possibilities of sulphur being obtained as a result of pollution-abating policies and the conditions under which future supplies are likely to become available. This title will be of interest to students of Environmental Studies.

Originally published in 1962, Land Economics Research brings together papers presented at a symposium in Nebraska in 1961 which deal with ideas, theories and suggestions in land economics to encourage problem-solving in American land issues. This report draws on all types of land, all situations and all economics problems related to land issues. This title will be of interest to students of Environmental Studies and Economics as well as professionals.

This book is based on the author's published research and uses the principal-agent methodology as a consistent framework for analysing and evaluating the development of the European Union's agricultural land use policy as it has evolved over the last two decades from voluntary set-aside to 'compliance' set-aside to environmental stewardship. The book begins with an introduction to the principal-agent methodology and to the historical development of agricultural land use policy in the CAP (Common Agricultural Policy). There are also literature-based introductions which contextualise each major part of the book (Parts A and B). The book concludes with some reflections and forward-looking comments on policy design lessons from this research, which will be of use to students, academics and policymakers.

Decades of research and discussion have shown that the human population growth and our increased consumption of natural resources cannot continue - there are limits to growth. This volume demonstrates how we might modify and revise our economic systems using nature as a model. The book describes how nature uses three growth forms: biomass, information, and networks, resulting in improved overall ecosystem functioning and co-development. As biomass growth is limited by available resources, nature uses the two other growth forms to achieve higher resource use efficiency. Through a universal application of the three 'R's: reduce, reuse, and recycle, nature thus shows us a way forward towards better solutions. However, our current approach, dominated by short-term economic thinking, inhibits full utilization of the three 'R's and other successful approaches from nature. Building on ecological principles, the authors present a global model and futures scenario analyses which show that implementation of the proposed changes will lead to a win-win situation. In other words, we can learn from nature how to develop a society that can flourish within the limits to growth with better conditions for prosperity and well-being.

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

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

Now in its third edition, Cost-Benefit Analysis has been updated, offering readers the perfect introduction to project, programme and policy appraisal using basic tools of financial and economic analysis. The key economic questions of any social cost-benefit analysis are: do the benefits of the project or policy exceed the costs, no matter how widely costs and benefits are spread, and irrespective of whether or not project impacts, such as environmental effects, are reflected in market prices? And which group or groups of individuals receive the benefits and which bear the costs? This book addresses these questions with an emphasis on putting the theory presented in the book into practice. This third edition has several attractive features: Readers are encouraged to develop their own skills by applying the tools and techniques of cost-benefit analysis to case studies and examples, including an analysis of a project which is developed throughout the book. The book emphasizes the use of spreadsheets which are invaluable in providing a framework for the cost-benefit analysis. A dedicated chapter provides guidance for writing up a report which summarises the analysis which has been undertaken. New pedagogical features, including Technical Notes and Examples, have been added as an aid to readers throughout the text. An appendix provides 14 additional case studies which can be developed in class or as assignment projects. Additional material for instructors and students is provided through Support Material maintained by Routledge. This updated edition is an ideal text for a course on cost-benefit analysis where the emphasis is on practical application of principles and equipping students to conduct appraisals. It is also a useful handbook for professionals looking for a logical framework in which to undertake their cost-benefit analysis work.

A typical consumer underestimates the benefits of future energy savings and underinvests in energy efficiency, relative to a description of the socially optimal level of energy efficiency. To alleviate this energy-efficiency gap problem, various programs have been implemented. In recent years, many governments have started providing consumers with subsidies on the purchases of eco-friendly products such as hybrid cars and energy efficient appliances. This book conducts a comprehensive analysis of the environmental subsidy programs conducted in Japan and examines their impacts on consumer product selection, consumer product use, and environmental outcome. The book also proposes recommendations for future environmental and industrial policies. The book's empirical findings will be of interest to those who are researching on and policymakers of environmental and industrial policies.

During the past three decades of rapid industrial growth, China has suffered from devastating environmental degradation. Most scholarly and popular publications have painted a rather pessimistic picture about the worrisome trend. Yet a somewhat more optimistic view has emerged in the past decade given the Chinese government's increased commitment to fighting industrial pollution, the public's increased concerns regarding the adverse effects of pollution, and domestic and international civil society's increased involvement in promoting environmental protection in China. Drawing on the authors' extensive research on Guangdong Province and a few large cities in other provinces, this book provides an in-depth study on China's environmental governance and regulatory enforcement in the past two decades. Section 1 examines various institutional constraints for environmental regulation enforcement at the local level and how governance reform efforts in the past decade have contributed to the lessening of those constraints. Section 2 draws on data derived from surveys and interviews conducted in multiple cities and times; it examines the dominant regulatory enforcement styles of local environmental protection bureaus and how these styles vary across different regions and over time. Section 3 examines how various stakeholders-the general public, environmental groups, government entities, and corporations-affect the environmental governance process. Overall, the book presents a cautiously optimistic view on the evolution of environmental governance in China. While highlighting many political, institutional, social, and economic constraints, it also documents many changes that have taken place-including reform efforts from within the government administrative system, increasingly societal concerns and actions, and changing attitudes among corporate executives-potentially paving the way for more effective environmental governance in the future.

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

In the past decade, the growing realization that biodiversity and human wellbeing are inextricably linked has led to the adoption of numerous environmental policies. The concept of the Green Economy has gained particular attention as an economic system where growth is possible within environmental limits. The preservation of ecosystem services and the halt of biodiversity loss are identified as key pillars of the Green Economy. Despite the concept's momentum there is still no clear understanding of how biodiversity fits within a Green Economy. In the current debate, biodiversity is rarely acknowledged in economic sectors other than agriculture, forestry, fisheries and tourism, and when it is acknowledged biodiversity and its conservation feature more as buzzwords than as concrete and tangible components of the Green Economy. This book aims to identify, understand and offer pragmatic recommendations of how biodiversity conservation can become an agent of green economic development. This book establishes ways to assess biodiversity's contributions to the economy and to meaningfully integrate biodiversity concerns in green-economy policies.

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.

Recent developments like the rising trend in crude oil price, the international economic crisis, the civil revolts in Northern Africa and the Middle East, the nuclear threat in Japan after the tsunami, the oil spill in the Gulf of Mexico and the economic growth of emerging countries like China and India have a direct relation to the security of energy supply anywhere in the world. This book provides a comprehensive analysis of energy risks, energy scenarios and energy policies with special reference to the European Union and its member states, emphasizing the economic and geopolitical dimensions of energy security.

The book assesses both quantitatively and qualitatively the socioeconomic and political risks related to the European energy supply, together with the EU s energy relations with other countries. Two innovative indicators have been developed to estimate geopolitical energy risks and energy-related relations with other countries. The book also examines the process of convergence of member states energy security policies, the path towards a common European energy policy, and the process of Europeanization projected towards the energy corridors through which the EU receive energy imports. In addition, alternative strategic scenarios related to energy risk are assessed. Finally, guidelines for the EU s energy policy and new strategies using energy corridors are suggested in order to maximize EU s energy security.

The book should be of interest to students and researchers across a wide range of subjects, including energy economics and policy, energy and foreign policy in the EU, energy policies in EU member states and several aspects related to international political economy."

Contemporary society is dependent on man's ability to work fundamental changes in the natural environment. In using resources to produce high and rising levels of income, however, effects are often produced that are incidental to the main purpose. This study, first published in 1965, explores some research approaches to the economic analysis of some of the key environmental problems, including water and air pollution, the introduction of chemical substances into the environment and the development of urban and rural space. This title will be of interest to students of environmental studies and economics.

This book, first published in 1988, provides an overview of the diverse work that was being done in applied and theoretical environmental and resource economics. Some essays reflect upon the background of the work of John Krutilla, one of the founders of Resources for the Future and a leading scholar of environmental economics, and the development of the field to date. Other essays examine and convey findings on particular resource problems and theoretical issues and resource policies and the practice of applied welfare economics. This title will be of interest to students of economics and environmental studies.

In the midst of human-induced global climate change, powerful industrialized nations and rapidly industrializing nations are still heavily dependent on fossil fuels. Even if we arrive at a Hubbert's peak for oil extraction in the 21st century, the availability of technologically recoverable coal and natural gas will mean that fossil fuels continue to be burned for many years to come, and our civilization will have to deal with the consequences far into the future. Climate change will not discriminate between rich and poor nations, and yet the UN-driven process of negotiating a global climate governance regime has hit serious roadblocks. This book takes a trans-disciplinary perspective to identify the causes of failure in developing an international climate policy regime and lays out a roadmap for developing a post-Kyoto (post-2012) climate governance regime in the light of lessons learned from the Kyoto phase. Three critical policy analytical lenses are used to evaluate the inherent complexity of designing post-Kyoto climate policy: the politics of scale; the politics of ideology; and the politics of knowledge. The politics of scale lens focuses on the theme of temporal and spatial discounting observed in human societies and how it impacts the allocation of environmental commons and natural resources across space and time. The politics of ideology lens focuses on the themes of risk and uncertainty perception in complex, pluralistic human societies. The politics of knowledge lens focuses on the themes of knowledge and power dynamics in terms of governance and policy designs, such as marketization of climate governance observed in the Kyoto institutional regime.