Energy is a key resource for transformational development globally. Oil and gas continue to play a key role in this sector irrespective of the gradual transition towards renewables and will continue to do so in most developing and emerging economies in the near future. The industry is complex and highly capital intensive with significant risk, but also with significant benefits. Such a complex but important sector is generally not well understood both in academic and policy circles. This book fills this void by serving as a comprehensive reference to the oil and gas sector, with a focus on emerging markets and developing economies (EMDEs). It offers in-depth coverage of the critical and contemporary issues in the economics of oil and gas industry by carefully integrating the relevant theoretical underpinnings and practical policy issues across the value chain of the industry in relation to the development, fiscal arrangements, and the economic and financing aspects of the industry. These insights will significantly deepen the understanding of the industry and extend the knowledge of the sector in ways that existing books do not. The book includes relevant cases and thus, will serve as a valuable resource for students taking courses in market analysis of the oil and gas industry, energy economics, development economics and finance, environmental and resource economics, the political economy of the extractive industry and development studies. Researchers and practitioners working in these areas will also find the book to be a useful reference guide.

Land use decisions in karst terrains can have immediate and serious impacts on the local landscape and groundwater resources. The existing literature on karst and land use can be very difficult to locate in the journals of any of a half-dozen different disciplines. This book brings the interdisciplinary knowledge together in one place, in a format that academics and professionals alike will find accessible, informative and useful.

Based on an examination of existing regulations, the experiences and opinions of planners and land use professionals, and quantitative analysis of publicly-available data, the book explores how human settlement patterns and urban systems in karst terrains are affected by land use regulations intended to protect karst resources. The book pays particular attention to the questions of whether these regulations will have a noticeable impact on density and on opportunities for economic growth and development in communities that choose to implement them. This analysis serves as the basis for a regulatory framework that may be used to understand the workings of land use regulations in karst terrains, and to aid in the development of such regulations in the future.

Depending on their national level of income, development and modernization, all countries in the world can be generally categorized as either advanced or developing. Studies on why advanced countries continue to develop, how they maintain their level of development, and how developing countries enter into the advanced club fall into the field of modernization science, which is an emerging interdisciplinary science.

This monograph, the first English book available on modernization science, interprets its concepts, methodologies, general theories, first and second modernization, six level-specific, six field-specific and three sector-specific modernizations, modernization policy and evaluation, and the principles and methods of national development since the 18th century. It provides clear, systematic, up-to-date information on this new discipline with more than 173 figures and 265 tables, and covers 131 countries and 97% of the global population.

A comprehensive outlook on world modernization is presented from a Chinese perspective.

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Mineral deposits are non-renewable; they do not grow in the ground. Sustainable use of finite mineral wealth requires that revenues from mineral extraction be invested in renewable wealth, education and infrastructure, machines and other production equipment, or in financial assets. Different countries, states and provinces have done so with a varying degree of success. Investing for Sustainability: The Management of Mineral Wealth highlights mineral rents investment funds in Norway, Alaska and Alberta, all of which derive considerable revenues from the production of petroleum bound to diminish over time. The book examines the institutional and political framework in which these funds are embedded and how successfully they have been used for making non-renewable petroleum wealth permanent. Investing for Sustainability: The Management of Mineral Wealth begins with a discussion of the elusive concept of sustainability. New technology and substitution has made a resource like peat obsolete long before it became exhausted physically. Jevons' famous book "The Coal Question" is discussed at some length as a case of unwarranted concern about the depletion of resources. The book also highlights other cases which strike a less happy note. Nauru, one of the smallest sovereign states in the world, has for decades lived off phosphate resources that are now running out. Nauru attempted to make its phosphate wealth permanent through investment funds but failed. Despite its success with its Permanent Fund, less of the oil wealth of Alaska has been made permanent than would appear warranted, and the same is true of Alberta and Norway. Judging from the experiences of the three funds, and the current political debate in Norway, Investing for Sustainability: The Management of Mineral Wealth suggests that it is essential that the citizenry at large benefit directly from mineral rents investment funds if they are to succeed.

Due to rapid urbanization and development, water get polluted by the noxious waste released from industrial, sewage and agricultural runoffs. Sustainable Materials for Sensing and Remediation of Noxious Pollutants covers two most widely used aspects in the field of wastewater i.e. sensing and rapid remediation with a possible solution of successful technology commercialization. Chapters include information on low cost materials as sensing and remediating agents for the rapid removal of noxious impurities from wastewater. It includes chapters on the sensing of noxious metals, low cost adsorbents for the removal of noxious impurities i.e. inorganic (metal ions) and organic (dyes). Additional chapters include future/upcoming scopes of work and one chapter on the general introduction of the field. The book content will be technical and focused for the audience like graduate students, academicians, researchers and industrial professionals. Sustainable Materials for Sensing and Remediation of Noxious Pollutants is single reference source for environmental scientists and engineers interested in low cost sensing and remediation strategies.

This book highlights the importance of Turkey in diversifying supplies in future European energy security, focusing in particular on the rapidly emerging southern energy corridor. Turkey, by its location, occupies a key role in this corridor, fed by hydrocarbon supplies from Russian, Caspian, east Mediterranean and Arab sources. The book examines Turkey's role as a transit country (in addition to its own growing domestic energy market) and it utilizes the latest evidence on the geopolitics of various pipelines which convergence on Turkey. The evidence, including maps, strongly favor Turkey as an energy hub within a regional energy model driven by rational behavior and market forces. The book recommends an increasing strategic energy cooperation between the EU and Turkey to maximize mutual interest.

The human imprint on the biosphere has become so pronounced in recent years that there has been talk of a new geological era, the 'Anthropocene'. Gathering contributions from some of the world's foremost heterodox economists, this book explores the new economic directions and paradigms that are required to respond to this crisis.

This important book examines the economic policies required to reduce carbon dioxide emissions - a major source of pollution throughout the world. It explores the likely impact of environmental taxes on income distribution and economic welfare. The authors consider a tax on domestic fuel and power and a carbon tax, and the likely adverse distribution effects of these on a population. The analysis allows for the direct and indirect effects (through inter-industry transactions) of taxes on prices and consumers' responses to these price changes. The welfare effects are also estimated for a variety of income groups. The authors then evaluate the inequality and social welfare measures and consider whether the distributional effects can be overcome by adjusting transfer payments to compensate lower-income groups. This study examines environmental taxes in Australia with methods which can be applied to other countries, some of which were specifically designed to overcome data limitation problems. Environmental Taxes and Economic Welfare will be of special interest to researchers, academics, policymakers and advisers on taxation and environmental policy.

This book shows, we believe, the breadth and the complexity of issues that econo mists now tackle in their analysis of the connections between the ecosystem and the economic system. The book offers contributions to such disparate issues as the value of preserving the wolf in Sweden and the proper distribution of permits in an effective global warming treaty. Because these questions remain at the fore front of important resource allocation problems that need to be confronted, it is only appropriate that they are represented in a book that intends to paint a picture, albeit certainly incomplete, of the vibrant and progressing state of environmental economics. The contributions cover five areas of environmental economics: policy instru ments, cost-benefit analysis, cost-efficiency, contingent valuation and experimental economics. Each area is worthy of a book by itself, but here we have made a point of focusing on problems that seem directly applicable to the pressing policy issues of today. Thus, the contributors address topics that are directly relevant to interna tional and regional policy making, as well as those that are linked to development of supporting information systems (e.g. resource accounting). In addition, the con tributions seek to provide high-level applications of measurement techniques as well as pertinent critiques of these methods. The next section provides a summary overview of the book."

The Chinese government set a target to reduce China s carbon intensity by 40%-45% in 2020 at its 2005 level. To achieve this target, the government has allocated targets to provinces, cities, and large enterprises, and selected five pilot provinces and eight cities for CO2 emission trading. Such emission trading process will involve decentralization, optimization, and negotiation. The prime objective of this book is to perform academic research on simulating the negotiation process. Through this research, a methodological framework and its implementation are set up to analyze, model and facilitate the process of negotiation among central government and individual energy producers under environmental, economical and social constraints.

NEGOTIATION IN DECENTRALIZATION: CASE STUDY OF CHINA'S CARBON TRADING IN THE POWER SECTOR discusses research carried out on negotiation issues in China regarding Chinese power sector reform over the past 30 years. Results show that conflicts exist between power groups and the national government, and that the most current negotiation topics in China's power industry are demand and supply management, capital investment, energy prices, and CO2 emission mitigations.

NEGOTIATION IN DECENTRALIZATION: CASE STUDY OF CHINA'S CARBON TRADING IN THE POWER SECTOR is written for government policy makers, energy and environment industry investors, energy program/project managers, environment conservation specialists, university professors, researchers, and graduate students. It aims to provide a methodology and a tool that can resolve difficult negotiation issues and change a loss-loss situation to a win-win situation for key players in a decentralized system, including government policymakers, energy producers, and environment conservationists. "

This book presents a foundation for studying the micro-behavioral economics of global warming. The author develops an empirical model, named the Geographically-scaled Micro econometric model of Adapting Portfolios (G-MAP) in response to climatic changes and risks. The G-MAP model is applied to observed decisions of agricultural and natural resource enterprises in Sub-Saharan Africa and South America. The author describes the five applications of the model: the G-MAP animal species, the G-MAP agricultural systems, the G-MAP natural resource enterprises, the G-MAP climate risk, and the G-MAP public adaptations. The micro-behavioral economics of global warming and the G-MAP models are evaluated against the three alternative modeling traditions: The first is the Agro-Economic Models (AEM) based on crop simulations of selected crops under elevated CO2 conditions; The second is a family of econometric studies of grain yield changes caused by yearly weather fluctuations; The third is the Agro-Ecological Zone (AEZ) method hinged crucially on the AEZ classifications of ecosystems. The author offers a refreshing look at the traditional economics of global warming, unraveling a broad array of adaptation strategies adopted by managers of agricultural and natural resource enterprises in Sub-Saharan Africa and South America. The book demonstrates that the micro-behavioral economics dynamically integrates multiple disciplines in a cohesive way - including economics, psychology, climate science, ecosystem studies, agronomy and animal science - into the decision-making framework of an individual agent. The G-MAP models provide a guide map of adaptation strategies for the humanity's enduring journey of battling global climatic changes in this century and beyond.

This volume explores the emerging and current, cutting-edge theories and methods of modeling, optimization, dynamics and bio economy. It provides an overview of the main issues, results and open questions in these fields as well as covers applications to biology, economy, energy, industry, physics, psychology and finance.

The majority of the contributed papers for this volume come from the participants of the International Conference on Modeling, Optimization and Dynamics (ICMOD 2010), a satellite conference of EURO XXIV Lisbon 2010, which took place at Faculty of Sciences of University of Porto, Portugal and from the Berkeley Bio economy Conference 2012, at the University of California, Berkeley, USA.

by Peter J. Roussopoulos, Director, Southern Research Station The world and its ecosystems are repeatedly punctuated by natural disturbances, and human societies must learn to manage this reality Often severe and unp- dictable, dynamic natural forces disrupt human welfare and alter the structure and composition of natural systems Over the past century, land management ag- cies within the United States have relied on science to improve the sustainable management of natural resources Forest economics research can help advance this scientifc basis by integrating knowledge of forest disturbance processes with their economic causes and consequences As the twenty-frst century unfolds, people increasingly seek the goods and services provided by forest ecosystems, not only for wood supply, clean water, and leisure pursuits, but also to establish residential communities that are removed from the hustle and bustle of urban life As vividly demonstrated during the past few years, Santa Ana winds can blow wildfres down from the mountains of California, incinerating homes as readily as vegetation in the canyons below Hurricanes can fatten large swaths of forest land, while associated foods create havoc for urban and rural residents alike Less dramatic, but more insidious, trees and forest stands are succumbing to exotic insects and diseases, causing economic losses to private property values (including timber) as well as scenic and recreation values As human demands on public and private forests expand, science-based solutions need to be identifed so that social needs can be balanced with the vagaries of forest disturbance processes

This volume focuses on the interaction between business, the environment, government regulators and technology, describing the greening of industry in the USA, Japan and the EU and the way in which environmental management is being applied. Following a review of the essential role that financial institutions have to play in this field, the book concludes with an examination of the way in which the regulators are also having to change in order to meet the dual challenge of environmental improvement and the drive for increased industrial competitiveness.

There is widespread concern for long-term environmental issues in relation to economic processes and developments. Among the concerned scientists are economists, who have taken up the challenge to apply economic insights and tools for the study of long-term environment-economy interactions, and to give the concept of sustainable development 'economic hands and feet'. This book presents a pluralistic perspective on efforts, problems and successes in this area. This collection of papers was originally prepared for an international symposium titled Economic Modelling of Sustainable Development: Between Theory and Practice, which was hosted by the Vrije Universiteit in Amsterdam, on December 20th 1996. The main motivation for this symposium was that the usefulness of the concept of sustainable development for theoretical and applied modelling is still being debated; growth theorists, resource economists, ecological economists, policy makers and many others are trying to deal with the concept in various, and sometimes conflicting, ways. The aim of the symposium was to bring together different theoretical and implementational perspectives on modelling for sustainable development. We hope that this volume will inform a wide audience about the perspectives and progress in this important area of research, as well as stimulate further research, notably on applied modelling and practical methods for the analysis of sustainable development at various (spatial) scales. The papers have, in due course, been revised several times based on comments made by discus sants, referees and the editors."

This book explores the idea that daily lived experiences of climate change are a crucial missing link in our knowledge that contrasts with scientific understandings of this global problem. It argues that both kinds of knowledge are limiting: the sciences by their disciplines and lived experiences by the boundaries of everyday lives. Therefore each group needs to engage the other in order to enrich and expand understanding of climate change and what to do about it. Complemented by a rich collection of examples and case studies, this book proposes a novel way of generating and analysing knowledge about climate change and how it may be used. The reader is introduced to new insights where the book: * Provides a framework that explains the variety of simultaneous, co-existing and often contradictory perspectives on climate change. * Reclaims everyday experiential knowledge as crucial for meeting global challenges such as climate change. * Overcomes the science-citizen dichotomy and leads to new ways of examining public engagement with science. Scientists are also human beings with lived experiences that filter their scientific findings into knowledge and actions. * Develops a 'public action theory of knowledge' as a tool for exploring how decisions on climate policy and intervention are reached and enacted. While scientists (physical and social) seek to explain climate change and its impacts, millions of people throughout the world experience it personally in their daily lives. The experience might be bad, as during extreme weather, engender hostility when governments attempt mitigation, and sometimes it is benign. This book seeks to understand the complex, often contradictory knowledge dynamics that inform the climate change debate, and is written clearly for a broad audience including lecturers, students, practitioners and activists, indeed anyone who wishes to gain further insight into this far-reaching issue.

Professor Max Krott, Director of the Institute of Forest Policy and Nature Conservation at the University of Gottingen, Germany, introduces the most important political players and stakeholders, including the forest owners, the general population, forest workers and employees, forest associations and administration, as well as the media. He illustrates the political and regulatory instruments using examples in current forest policy. 'Forest Policy Analysis' places a special emphasis on the informal processes that are indispensable in understanding practical politics. References made to current English and German-language publications on forest policy studies enable further information to be found with concern to special issues."

The capitalist mode of destruction traces contemporary capitalism's economic, ecological and democratic crises. Combining insights from a range of disciplines, including psychology, sociology and political economy, Panayotakis interprets these crises as manifestations of a previously unrecognized contradiction: over time, the benefits of capitalism's technological dynamism tend to decline even as its threats to humanity and the planet continue to mount. To explain this contradiction, the book analyzes the production and distribution of surplus in capitalist societies and rethinks the concept of surplus itself. Identifying the public sector and households as sites of production no less important than the workplace, this book attributes capitalism's contradictions to working people's lack of control over the surplus they produce. This lack of control is undemocratic and threatens the planet. Only a classless society, in which working people democratically determine the size and use of the surplus they produce, can effectively respond to our current predicament. Recognizing such a democratic classless society as the essence of the communist ideal, the book argues that, far from becoming obsolete, this ideal is ever more indispensable. But since the necessity of this ideal does not guarantee its realization, the book also investigates the conditions necessary for the formation of an anti-capitalist alliance for social justice, democracy and ecological sustainability. -- .

A theoretical and empirical contribution to the quest for sustainability and environmental quality. The book examines the physical and economic aspects of flows of materials and products, as well as the policies and strategies designed to reduce the related resource depletion and environmental pollution. The material-product chain' concept forms a general framework, defined as a system of linked flows of materials and products that support the provision of a certain service. Various economic models of material-product chains are studied, both theoretical and applied, such as static optimisation, dynamic simulation and general equilibrium models. Applications to metals, rain gutters and window frames are described. Audience: Readers in universities, research organizations and policy institutes interested in the environment, economics and government policy.

Survey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents' rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a more realistic view of rationality accounting for respondents' limited capacities to process information. Based on cognitive psychology a technique to detect and analyze the bounds of rationality inherent in WTP statements is developed. Using an empirical example, the influence of bounded rationality on the validity of CVM results is analyzed. It is shown that individual differences in information processing play a major role. From these results recommendations for future survey design are developed.

Environmental Taxation and the Double Dividend explores the welfare effects of environmental taxes in a second-best framework. It starts from a benchmark model which reveals that environmental taxes typically exacerbate pre-existing tax distortions, even if the revenues are used to cut other distortionary taxes. Subsequent chapters extend the benchmark model by introducing capital, terms of trade effects, transfers, involuntary unemployment, or environmental feedbacks. Thus, the book reveals several channels through which a double-dividend can be obtained. However, it also shows the trade-offs they induce. Simulations with the models illustrate the importance of these trade-offs for European economies.

This book is a useful tool for graduates, post graduates, researchers and staff of universities with fiscal and environmental departments. International organizations such as the IMF, OECD and the World Bank, and policy makers within governments: Ministries of Finance/Economics/Environment. Research Institutes, both private and public will also benefit from this piece of work.

This book integrates decision-making and environmental science. For ecologists it will bridge the gap to economics. For practitioners in environmental economics and management it will be a major reference book. It probably contains the largest collection available of expressions and basic equations that are used in environmental sciences. The book is organized in disciplines, but it also includes 13 applications that draw on all subjects in the book, and where cross-references are extensively used. The applications show how a range of topics in economics, social sciences and ecology are interrelated when decisions have to be made.

The books provides a timely analysis in support of a paradigm shift in the field of wastewater management, from 'treatment for disposal' to 'treatment for reuse' by offering a variety of value propositions for water, nutrient and energy recovery which can support cost savings, cost recovery, and profits, in a sector that traditionally relies on public funding. The book provides new insights into the economics of wastewater use, applicable to developed and developing countries striving to transform wastewater from an unpleasant liability to a valuable asset and recasting urbanization from a daunting challenge into a resource recovery opportunity. "It requires business thinking to transform septage and sewage into valuable products. A must read for water scholars, policy makers, practitioners, and entrepreneurs". Guy Hutton, Senior Economist, Water and Sanitation Program, Water Global Practice, World Bank "This book provides compelling evidence and real solutions for the new 'resource from waste' approach that is transforming sanitation, boosting livelihoods, and strengthening urban resilience". Christopher Scott, Professor and Distinguished Scholar, University of Arizona "This book shows how innovative business thinking and partnerships around resource recovery and reuse fit well within an inclusive green economy and climate change adaptation and mitigation strategies". Akica Bahri, Coordinator of the African Water Facility, Tunisia, and award-winning researcher

This is the second volume of papers in the topical area of environmental management. Arising from work done by the International Centre for the Environment at the University of Bath, the papers address inter-disciplinary environmental themes particularly from a business and management perspective.