Classic Papers in Natural Resource Economics brings together a choice selection of some of the most enduring academic writing published in this field in a single volume. The fourteen papers included in this book are grouped into five sections: the intertemporal problem; externalities and market failure; property rights; institutions and public choice; the economics of exhaustible resources; and the economics of renewable resources. Each section represents a major area in natural resource economics. Written by distinguished resource economists, the papers in this volume probe, analyze and illuminate the central issues of the discipline.

Drawing on concepts in political economy, political ecology, justice theory, and critical development studies, the authors offer the first comprehensive, systematic exploration of the ways in which adaptation projects can produce unintended, undesirable results. This work is on the Global Policy: Next Generation list of six key books for understanding the politics of global climate change.

The world is witnessing a rapid growth in wind and other renewable based electricity generation due to environmental concerns associated with electricity generation from the conventional sources. Wind power behaves quite differently than conventional electric power generating units due to its intermittent and diffuse nature. System planners and operators face the variability and uncertainty of wind power availability, and therefore, encounter considerable challenges in making decisions to maintain the adequacy and security of wind integrated power systems. This volume intends to bring out the original research work of researchers from academia and industry in understanding, quantifying and managing the risks associated with the uncertainty in wind variability in order to plan and operate a modern power system integrated with a significant proportion of wind power generation with an acceptable level of reliability. Accurate modeling of wind power variability and proper incorporation of the models in reliability and risk evaluation is very important for the planning and operation of electric power systems, and will play a crucial role in defining the requirement of various types of resources and services, such as storage and ancillary services in power systems."

Whether a natural event turns into a disaster depends on the severity of the hazard as well as the condition of the social sphere of its potential victims, i.e., vulnerability. We focus on regional vulnerability considering the fact that regional socioeconomic conditions determine the aspects of the damage and thus the risk management policy. This book provides the theory and methodology to understand and cope with regional vulnerability through an interdisciplinary approach. The fields mainly included in this work are welfare and environmental economics, the planning and management area of civil engineering, and risk management. In particular, we focus on hazard and vulnerability surrounding water issues and provide readers with knowledge of how the regional analysis is incorporated into the vulnerability analysis. Also considered is what risk management should be when the diversified regional background of the vulnerability is taken into account. A feature of this book is that it provides contrastive regional coverage: the vulnerability of a developed country-urban and regional areas of Japan-and that of a developing country, Bangladesh. The contents consist of three parts: (1) Socioeconomic Vulnerability in a Regional Perspective, (2) Evaluation of Regional Vulnerability, and (3) Coping with Regional Vulnerability. This book is highly recommended to researchers who need an up-to-date and interdisciplinary approach to deal with risk management where regional vulnerability plays an important role.

This collection of books encompasses Scottish identity and cultural heritage, historical geography, health and social issues, industrial, economic, religious and political history. Originally published between 1935 and 1990, many of these titles were written at the height of discussions concerning the viability of an independent Scotland, an issue that has renewed relevance today. They include some of the notable volumes from the Routledge The Voice of Scotland series, as well as other books by leading authors. The empirical content of many of the books reissued here ensures they retain their relevance in informing studies of trends since the time they were first completed and will be of interest to anyone concerned with the ongoing debate about Scotland's role within the UK and Europe and the shape of her political future.

Delivering a sustainable transport system is not just a matter of adopting a number of technological innovations to improve performance in terms of people, planet, and profits. A broader structural and societal transition is needed in technology, as well as in institutions, behavioural patterns, and the economy as a whole. In this broader view, neither the free market nor the public sector will be the unique key player in making this transition happen. Elements of such an approach are presented in this book in a number of domains: integrating transport infrastructure and land use planning, thus connecting fields that are rather unconnected in day-to-day policies; experiments with dynamic transport optimization, including reports on pilot projects to test the viability of transitions; towards reliable transport systems, describing a reversal from supply-driven towards demand-driven approaches; and sustainable logistics and traffic management, from 'local' city distribution to global closed supply chain loops.

As carbon dioxide is the most important source of greenhouse gases today, its emission quantity has become a primary focus of governments, scholars, and the general public. From the perspective of the structure of Chinese industry, this book aims to answer two questions. First, what is the driving force of China's CO2 emissions and how does this relate to the structure of industry? Second, what is the potential for abatement and the cost of CO2 across sectors and regions, and the impact for industry? The author calculates the CO2 inventory data at province and sectoral level based on the approach of the Intergovernmental Panel on Climate Change (IPCC) and then quantifies the CO2 abatement potential and marginal abatement cost using this production framework. Econometric models are used to examine the likely impact on industry of abatement potential and cost. The book hence provides a rich source of information for general readers to better understand the characteristics, patterns and drivers of China's CO2 emissions. It also provides solid evidence for policy-makers to help mitigate CO2 emissions through industrial restructuring strategy.

This coherent collection of both previously published and specially written papers applies general economic principles to the conservation of wildlife and natural areas, and outlines consequential policy issues. Particular consideration is given to open-access situations, property rights in wildlife and to the total valuation of species, allowing for their possible positive and negative values.Possible conflict between economic growth and biodiversity conservation is discussed, as are the arguments for state provision of parks and protected areas. Asian elephants, kangaroos and whales are selected examples of species used to illustrate applications of the underlying principles. Forestry management is also reviewed, drawing upon the experiences of China and India. Clem Tisdell aims to demonstrate how economics can help to clarify and resolve social conflicts about nature conservation, while also highlighting the limits of economics in providing answers such as those of an intrinsic value. Doubts are thrown upon some widely accepted concepts, such as the Environmental Kuznets curve, when applied to the relationship between nature conservation and economic growth. The Economics of Conserving Wildlife and Natural Areas will be warmly welcomed by academics and policymakers in the areas of ecological and environmental economics as well as natural resource economists and managers and those with a linked interest to development studies.

Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of environmental policy from hierarchy to market. But how is this change reflected in management processes, decisions and organizational structures? The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes, review schemes that have been implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies which have resulted from the new policy framework.

This book presents strategies for managing disasters and reducing risks in Asian countries. Given the dynamic changes in the natural environment as well as the patterns of land use and management, the growing populations of the developing nations in Asia, migration patterns, and other social-cultural aspects, the impacts of disasters have increased manifold in Asian countries. Against this backdrop, the book examines disaster management issues such as disaster preparedness, post-disaster reconstruction, peace, development and corruption. The views of different groups of stakeholders are incorporated in the discussion to ensure a comprehensive analysis of and findings on the governance process, as well as best practices in pre- and post-disaster management. The book also includes chapters focusing on aspects often overlooked in the context of disaster management, such as the need to invest in public education to improve public awareness, and approaches to supporting the disabled, the vulnerable and the elderly from disaster risks. In closing, the book presents research on disaster management methods employed by different countries in the Asian region. Acknowledgement: The editors acknowledge the role of the Network of Asia Pacific Schools and Institutes of Public Administration and Governance (NAPSIPAG), which is the largest governance research network in the Asia Pacific region,in bringing out this book. NAPSIPAG has been regularly organizing international meetings of administrators, academia and non-state bodies to provide a forum to the regional scholars to deliberate with the international governance experts. It has also helped the international policy organizations to have a better understanding about the region through a local lens of Asiatic anthropology, ethnography and culture of administration.

This book presents narratives, perspectives and policies on the Arctic and brings to fore the strategies of five Asian countries - China, India, Japan, Republic of Korea and Singapore who were granted the status of Permanent Observers in the Arctic Council in 2013. The book also captures Arctic countries' reactions to Asian approaches, and their expectations from these countries. The melting of the polar sea-ice induced by climate change has placed the Arctic region in the forefront of global scientific, economic, strategic and academic interest. The discourse involves a number of issues such as claims of the littoral countries to the continental shelves of the region, the management and exploitation of its living and non-living resources, the rights and interests of indigenous communities, and the prospects of new ice-free shipping routes. The contemporary discourse also suggests that the Arctic region presents challenges and offers opportunities for the international community. These issues have given rise to new geopolitical, geoeconomic, and geostrategic dynamics amongst the Arctic littorals, and led to the growing interest of non-Arctic states in the affairs of the Arctic. It is evident that the Asian countries have a variety of interests in the Arctic, and the grant of Permanent Observer status to these countries is an acknowledgement of their capabilities. These countries are keen to explore opportunities in the Arctic, and have begun to formulate appropriate long-term national strategies. The preliminary approach of the Asian Observer countries has rightly been to graduate from 'involvement' to 'engagement' in the Arctic, which seems to have generated significant interest amongst analysts. This book helps to understand the approaches of various Arctic and non-Arctic stakeholders, in light of the evolving dynamics in the region.

Growth, Employment, Inequality, and the Environment deals with the fundamental economic problems of our time: employment, inequality, the environment, and quality of life. This exciting new volume is unique in that it is the first book of its kind in which these problems are analyzed using a unified theory framework. Figueroa achieves his goal by addressing two significant problems. First, to solve the epistemological challenges of building unity of knowledge, he presents a unified theory of capitalism. Second, he considers the epistemological problem of the role of theory in scientific knowledge. This book therefore deals with a consistent theoretical system. That having been said, these theories which contain logically correct propositions may turn out to be empirically false. In order to avoid this error, some rules of scientific knowledge are needed. Growth, Employment, Inequality, and the Environment presents a method that contains such rules. The method is derived from the Popperian epistemology, making it operational in economics. The proposed unified theory is therefore empirically valid; it is a good approximation of the real world. Theoretical economics is thus treated under explicit epistemological rules: theory is the servant, not the master.

In the new millennium, understanding China's energy economy is crucial for politicians, businesspeople and energy economists, as China's energy policy choices will mean both challenges and opportunities for the world in terms of an increasing share of primary energy consumption and investment. This book initially reviews the literature on China's energy economy and in so doing reveals that many important areas have been overlooked or are outdated in their coverage. Given the size of China and its global importance, the book then review s China's current energy situation and fills the gaps in the literature for those who are interested in and concerned about China's economic development and energy reform in the new millennium.

The book is different from previous studies in several important ways: Firstly, it presents recent, pioneering research rather than a simple textbook, several sections of which have been published in high-quality energy journals. Secondly, the book first subdivides China's energy intensity change into aspects of budget constraint, technological change, factor substitution, energy demand and economic growth using a newly developed econometric approach. Thirdly, it provides many new and different econometric findings and derives many new policy implications for China's energy economy. And lastly, it brings to light a wealth of new knowledge for those who are interested in China's energy economy, the world energy market and global environmental and climate change issues."

This edited volume looks at energy poverty, an issue whose pivotal role in the fight for human development is only now being recognised by policymakers. Nearly one quarter of humanity still lacks access to electricity. Close to one third rely on traditional fuels like firewood and cow dung for cooking, at great cost to their health and welfare. While most prevalent in parts of Africa and Asia, energy poverty is a global problem which concerns us all. This book, which brings together economists, policymakers, entrepreneurs, and other practitioners from all over the world, is dedicated to a single goal: finding a solution to this haunting problem. It is part history, part economics, part political analysis, part business case review, and part field handbook. Part One focuses on defining and measuring the problem and benchmarking progress in solving it, an obvious prerequisite to any successful energy-access policy. Part Two reviews past and current energy access programs, with an eye towards finding out what worked and what didn't and what can be replicated elsewhere. These case reviews are told as seen on the ground - China's experience by top Chinese officials and Africa's by African regulators and scholars. Based in part on those cases, the book's last, more forward-looking section aims to present practitioners with a tool kit, a menu of options to speed up their efforts. The energy access agenda is gaining traction at a time of rising concerns about climate change and resource constraints. This book shows that bringing modern energy to those who lack it not just a moral imperative, but will likely benefit the world as a whole without harming the environment or unduly stretching finite resources.

Environmental finance, particularly energy efficiency and renewable energy (EERE) finance, can and should serve as an interface to other sub-sectors of financial sector promotion such as microfinance, housing finance or agricultural finance. For example, existing clients of financial institutions include small and medium-sized enterprises and households, and these are often suffering from high energy prices or have no access to sustainable energy supply. At the same time, these clients are vulnerable to extreme weather events, and often hit hardest by the impact of climate change. There are many other examples which show that the financial sector has an enormous potential to support "green" investments. In order to tap this potential on a sustainable basis, it is important to have a sound understanding which role financial institutions can and should play.

This book provides a blend of well-founded professional and scientific perspectives on the potential of Environmental finance in developing and transition countries.

The current paradigm of forest economics is based on Faustmann Formulation (FF) of land expectation value proposed by Martin Faustmann. It was a great achievement by a forester to propose a formulation that captures some fundamental economic features of capital theory which. However, the followers of the FF approach have trapped themselves into the past, and have not shown any indication of economic acumen of the great Faustmann. This has resulted in a common problem in the current paradigm of forest economics, known as Faustmann Forest Resource Economics (FFRE), to prescribe the application of a single (FF) approach to all situations irrespective of the specific features of the situation. The current state of forest economics is similar to that of neoclassical economics, and is full of inefficiencies. In neoclassical economics, inefficiencies are due to its "locked-in" position in rational economic man, while in forest economics inefficiencies are due to its "locked-in" position in the FF. The focus of this volume is on the new paradigm of forest economics termed as Post-Faustmann Forest Resource Economics (PFFRE). The first chapter lays the foundation of the PFFRE, and presents the key distinctions between the FFRE and the PFFRE. The volume includes twelve other chapters that address issues related to forest economics from perspectives different than the FFRE. Chapter 2 to 6 are focused on issues related to human behavior that is different than the rational economic man, Chapter 7 and 8 on public choice theory, Chapter 9 and 10 on systems approaches, and Chapter 11 to 13 on incremental approaches to incorporate new features in the FFRE.

Corporations must decide how much to invest in the natural capital (e.g., air, water, land, and forests) that they depend upon for their economic survival. How do they project the costs of essential investments under conditions of scientific and legislative uncertainty? An innovative roadmap is laid out with the help of a case study based on the actual experiences of a forestry company that made such an attempt. Everyone interested in developing a long-range environmental strategy will find this book instructive: senior corporate management, accountants, internal auditors, academics, students, and environmentalists. Based on the author's research for the United Nations, a new methodology is advanced to compute fuller costs. In addition to practical guidance on the theory and practice of calculating these costs, the author illustrates alternatives to traditional capital budgeting models. A whole range of concepts and applications are offered on natural capital; intergenerational equity; waste minimization; asset depletion rates; application of risk-management principles to costing natural capital; off-balance sheet natural assets; modern definition of profit for natural and business capital. Pioneering reporting methods for returns on investment and product costs are recommended in the concluding chapters.

Elements of Physical Oceanography is a derivative of the Encyclopedia of Ocean Sciences, 2nd Edition and serves as an important reference on current physical oceanography knowledge and expertise in one convenient and accessible source. Its selection of articles all written by experts in their field focuses on ocean physics, air-sea transfers, waves, mixing, ice, and the processes of transfer of properties such as heat, salinity, momentum and dissolved gases, within and into the ocean. Elements of Physical Oceanography serves as an ideal reference for topical research.
References related articles in physical oceanography to facilitate further researchRichly illustrated with figures and tables that aid in understanding key conceptsIncludes an introductory overview and then explores each topic in detail, making it useful to experts and graduate-level researchersTopical arrangement makes it the perfect desk reference "

Authorities in the fields of environmental and international law and policy, political science, environmental technology, and public administration compare and contrast the ways in which the United States and the European Union handle similar environmental issues. The contributors critically analyze the influence of culture and history on the way apparently "similar" developed democracies handle the same problems; they examine the center-state relationship as it applies to EU member countries in contrast to states within the United States; they look at the challenge of transboundary, international, and global environmental problems, and how these relate to the still-emerging geopolitical reconfigurations involved in such structures as NAFTA and the EU; and they examine how transnational resources are handled in the North American and EU contexts. Randall Baker has assembled leading experts who examine significant issues for policymakers and environmentalists in North America and Western Europe.

Leading scholars assess the transformations in energy security policy that flow from recognition of global climate change. They explore through case studies the key policy responses formulated in the Asia-Pacific and identify potential synergies between energy policy and climate mitigation efforts.

This edited volume expands the scope of risk management beyond finance to include resources and environment issues in China. It presents the state-of-the-art approaches of using risk management to effectively manage resources and environment. Both case studies and theoretical methodologies are discussed.

Although the title of this volume and its major focus will be on one major aspect of global sustainability - climate change - this volume continues with the overall framing of the series: global sustainability is a multi-faceted, global, multi-generational, economic, social, environmental, and cultural phenomenon and challenge to our species.

Tourism economics is partly based on established principles from the economics discipline, but it also incorporates elements from sociology, psychology, organization theory and ecology. It has over the years turned into an appealing multi-disciplinary oriented approach to the understanding of the impacts of leisure time in a modern society, including cultural heritage, sustainable quality of life, and industrial organization of the hospitality industry. The increasing dynamics in the tourist industry and its worldwide effects will continue to attract the attention of both the research and the policy sector in the years to come. Rather than speculating on non-observed facts, there is a clear need for evidence-based research in order to map out the complex dynamics of the tourist industry. The present volume comprises novel studies - mainly of a quantitative-analytical nature - on the supply, demand and contextual aspects of modern tourism. It contains a sound mix of theory, methodology, policy and case studies on various tourism issues in different parts of the world.