It is widely accepted that limiting climate change to 2 DegreesC will require substantial and sustained investments in low-carbon technologies and infrastructure. However, the dominance of market fundamentalism in economic thinking for the past three decades has meant that governments have generally viewed large spending programs as politically undesirable. In this context, the Global Financial Crisis (GFC) represented a huge opportunity for proponents of public investment in environmental projects or "Green Keynesianism". This book examines the experience of Australia, Canada, Japan, Korea, and the United States with Green Keynesian stimulus programs in the wake of the GFC. Unfortunately, on the whole, the cases do not provide much optimism for proponents of Green Keynesianism. Much less funding than was originally allocated to green programs was actually spent in areas that would produce an environmental benefit. Furthermore, a number of projects had negligible or even detrimental environmental outcomes. While the book also documents several success stories, the research indicates overall that more careful consideration of the design of green stimulus programs is needed. In addition to concrete policy advice, the book provides a broader vision for how governments could use Keynesian policies to work toward creating an "ecological state". This book will be of great interest to students and scholars of environmental politics, environmental economics, political economy, and sustainable development.

This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities finance, mathematics & stochastics, international macroeconomics and financial econometrics. Financial Mathematics, Volatility and Covariance Modelling: Volume 2 provides a key repository on the current state of knowledge, the latest debates and recent literature on financial mathematics, volatility and covariance modelling. The first section is devoted to mathematical finance, stochastic modelling and control optimization. Chapters explore the recent financial crisis, the increase of uncertainty and volatility, and propose an alternative approach to deal with these issues. The second section covers financial volatility and covariance modelling and explores proposals for dealing with recent developments in financial econometrics This book will be useful to students and researchers in applied econometrics; academics and students seeking convenient access to an unfamiliar area. It will also be of great interest established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.

Using the water footprint concept, this impactful book aids our understanding of how we can reduce water consumption and pollution to sustainable levels. Since the publication of the first edition, the question of how to reduce our water footprint has become even more urgent. Freshwater scarcity is increasingly perceived as a global systemic risk and overconsumption of water is widespread. The water footprint, a concept founded by the author, is an indicator of direct and indirect freshwater use by a consumer or producer that can be used to analyze water usage along supply chains and assess the sustainability, efficiency and fairness of our water use. This new edition is fully revised and updated to reflect continued developments in this rapidly growing field of knowledge. New chapters are added covering the history of the water footprint concept; the environmental footprint of the human species versus planetary boundaries; and the human right to water as a foundation to equitable sharing. All other chapters are fully revised with new findings, applications and references, including major new research on energy, vegetarian diets and intelligent water allocation over competing demands. The Water Footprint of Modern Consumer Society is a key textbook for students of interdisciplinary water studies and those taking other related courses within the environmental sciences. It will also be of interest to those working in the governmental sector, environmental and consumer organizations, the business sector and UN institutions, where there is growing interest in the water footprint concept.

Cost-Benefit Analysis (CBA) is one of the most useful tools of applied economics for the social appraisal of public projects and government policies. Nick Hanley and Edward Barbier show how CBA can be applied to environmental policy choice and environmental resource management. They cover the conceptual underpinnings of CBA, practical methods for applying CBA, and a wide range of case study applications from Europe, North America and developing countries. Issues such as the value of ecosystem services and the special problems posed for CBA by environmental management are brought into close focus. The textbook is aimed at students on inter-disciplinary courses as well as those studying environmental economics, welfare economics and public policy. It will also be of interest to people in the policy community, NGOs and consultancy sectors.

Many countries have experienced a decline of economic growth for decades, an effect that was only aggravated by the recent global financial crisis. What if in the 21st century this is no longer an exception, but the general rule? Does an economy without growth necessarily bring hardship and crises, as is often assumed? Or could it be a chance for a better life? Authors have long argued that money added to an income that already secures basic needs no longer enhances well-being. Also, ecological constraints and a sinking global absorption capacity increasingly reduce the margin of profitability on investments. Efforts to restore growth politically, however, often lead to reduced levels of social protection, reduced ecological and health standards, unfair tax burdens and rising inequalities. Thus it is time to dissolve the link between economic growth and the good life. This book argues that a good life beyond growth is not only possible, but highly desirable. It conceptualizes "the good life" as a fulfilled life that is embedded in social relations and at peace with nature, independent of a mounting availability of resources. In bringing together experts from different fields, this book opens an interdisciplinary discussion that has often been restricted to separate disciplines. Philosophers, sociologists, economists and activists come together to discuss the political and social conditions of a good life in societies which no longer rely on economic growth and no longer call for an ever expanding circle of extraction, consumption, pollution, waste, conflict, and psychological burnout. Read together, these essays will have a major impact on the debates about economic growth, economic and ecological justice, and the good life in times of crisis.

This book draws on the expertise of faculty and colleagues at the Balsillie School of International Affairs to both locate the Sustainable Development Goals (SDGs) as a contribution to the development of global government and to examine the political-institutional and financial challenges posed by the SDGs. The contributors are experts in global governance issues in a broad variety of fields ranging from health, food systems, social policy, migration and climate change. An introductory chapter sets out the broad context of the governance challenges involved, and how individual chapters contribute to the analysis. The book begins by focusing on individual SDGs, examining briefly the background to the particular goal and evaluating the opportunities and challenges (particularly governance challenges) in achieving the goal, as well as discussing how this goal relates to other SDGs. The book goes on to address the broader issues of achieving the set of goals overall, examining the novel financing mechanisms required for an enterprise of this nature, the trade-offs involved (particularly between the urgent climate agenda and the social/economic goals), the institutional arrangements designed to enable the achievement of the goals and offering a critical perspective on the enterprise as a whole. Achieving the Sustainable Development Goals makes a distinctive contribution by covering a broad range of individual goals with contributions from experts on governance in the global climate, social and economic areas as well as providing assessments of the overall project - its financial feasibility, institutional requisites, and its failures to tackle certain problems at the core. This book will be of great interest to scholars and students of international affairs, development studies and sustainable development, as well as those engaged in policymaking nationally, internationally and those working in NGOs.

Originally published in 1987. A powerful combination of the authors' research and practical experience underpin this book's treatment of management and financial strategy in the world mining industry. In contrast with highly theoretical economic treatises on the extractive industries, this account deals with the practical realities of the economic, technical and business structure of the industry, the managerial and investment strategies, and the principle public policy issues. This book will interest all students and researchers in resource economics and it will be useful to officials of mining companies, government agencies, and financing agencies. Economic geologists and environmentalists should also find it relevant to their interests.

In this book, first published in 1990, Judith Rees considers the spatial distribution of resource availability, development and consumption, and the distribution of resource-generated wealth and welfare. Showing that there are no simple answers, she analyses the complex interactions between economic forces, administrative structures and political institutions. This well-structured text is essential reading for upper-level students in geography, environmental planning, economics and resource management.

Rich countries are paying poor countries to fight climate change on their behalf - and one way they are doing it is through carbon sinks. These are reservoirs of organic carbon tied up in plants and in the earth, rather than being in the atmosphere as greenhouse gases. This book looks critically at this mode of climate change mitigation. Can it work? Is it just? Will poorer countries benefit? The book considers the scientific, economic and ethical basis for this type of mitigation. Previous attention has been focused mainly on reducing emissions from deforestation and land degradation (REDD), but this book is one of the first attempts to examine the potential for carbon sinks in agriculture in crop plants and the soil. In assessing this, the author examines exactly how north-south climate mitigation trading works, or does not, and what the pitfalls are. It highlights the complex relationship between agriculture, particularly different forms of farming systems, and the mitigation of climate change. The arguments are backed up by original research with farmers in Brazil to demonstrate the challenges and prospects which these proposals offer in terms of payments for environmental services from agriculture through carbon trading.

Written by an economist and an investment professional, this book addresses the twin crises that the world is facing in the form of a simultaneous financial and environmental credit crunch. Financially, consumers are less able to consume now, and pay later. Environmentally, we may have already reached our credit limit and the bill for past financial and environmental consumption is falling due. Whether the financial credit crunch constrains consumers in a way that will be environmentally supportive, naturally slowing the consumption of finite resources, or hinders any effective resolution of the environmental credit crunch is of crucial importance. Policy responses to the financial crisis are likely to be constrained by the political need to support the economic status quo, and when combined with a global reduction in available investment capital there are serious challenges ahead if the economic and environmental damage of the environmental credit crunch is to be minimised. This book asks whether financial crunch-induced changes in consumer behaviour will be enough to avoid, or reduce, the environmental crunch many believe is just round the corner. Donovan and Hudson combine their respective economic and environmental perspectives to address this key question, reviewing this 'tale of two crunches' from the perspective of different economic sectors. The answer to the conundrum this book poses may lie in the only unlimited resource on the planet - human ingenuity.

We stand on the threshold of a "post-growth" world - one in which the relentless pursuit of economic growth has ceased to constitute a credible societal project. The symptoms that mark the end of an era are clear and incontrovertible: a return to the regularities of the past is illusory. The pursuit of economic growth no longer constitutes a credible societal project for ecological, social, and geopolitical reasons. Edited by an impressive array of experts, this book identifies several areas in which we must fundamentally rethink our societal organisation. They ask what it means to abandon the objective of economic growth; how we can encourage the emergence of other visions to guide society; how global visions and local transition initiatives should be connected; which modes of governance should be associated with the required social and technological innovations. Alongside the necessary respect of ecological limits and equity in distribution, the promotion of autonomy (involving all in the building of socio-political norms) could serve for guidance. The topics addressed over the chapters range from the future of work to the de-commodification of economic relations; the search for new indicators of progress to decentralized modes of governance; and from the circular economy to polycentric transitions. Each contribution brings a unique perspective, a piece of a larger puzzle to be assembled. Post-growth Economics and Society is an important volume to those who study ecological economics, political economy and the environment and society. It invites theorists as much as practitioners to re-explore the roots of our societal goals and play an active role in the systemic shift to come.

Written by a leading influencer in the circular economy who is widely credited for reframing the concept, the book presents complex ideas in an accessible fictional story. The book significantly increases Circular Economy literacy, awareness and appeal, in particular reaching a broader audience than those who are professional economists. Enables non-economists to frame sustainable solutions in economic terms. Gives a sense of hope to widespread societal malaise and concern about sustainability urgencies.

When we look at the state of the world today, what is most evident is the fact that the major problems of our time - energy, environment, economy, climate change and social justice - cannot be understood in isolation. They are interconnected problems, which means that they require corresponding systemic solutions. Today's global economy has brought about critical distress for ecosystems and societies and we have to go to the very root of the problems to find a way out. This volume develops a synthesized interpretation of ecological economics integrating different levels: (economic) system, (business) practice and the (economic) actor. It discusses how changes on a systems level are connected to changes in practice and development of individual consciousness. Transformative Ecological Economics delves into the insight and knowledge from different sources of inspiration (thermodynamics, Darwinism, anthroposophy and Buddhism) as well as into an integrated story describing and illustrating the core ideas, principles and values that characterize a utopian society anchored in ecological economics. Implementation of the deep changes demanded depends on our ability to write a new story, a utopian one for sure, but one which is in accordance with and based on the reality in which we live. This book will be of interest to those who study ecological economics, political economy and environmental economics.

The Business of Greening, first published in 2000, debates the relationship between business and greening, and the future form this relationship could take. The book gives voice to industrial actors - employees, employers, managers, technical specialists, regulators - in the context of their organizations, within industrial sectors or as part of wider institution regimes. The business of greening is taken as socially constructed, shaped through tensions and competing interests. It produces outcomes that are sometimes unexpected, sometimes hopeful. These outcomes are explored by examining a range of workers, including estate agents, bankers, bakers, printers, regulators, in small and large corporations. Contributors write from a wide range of different social sciences including sociology, geography, organizational science and psychology. This title will be of particular interest to students and researchers of environmental and business studies, and to those who shape environmental policy in government and industry.

Originally published in 1983. Extensive research into the archives of the lead industry has culminated in this comprehensive and fascinating account of the industry from the earliest times to the 1980's. It traces the origins of the various types of lead manufacturing and the nineteenth-century expansion of the industry. The technological changes within the industry are traced in detail, and an appraisal of modern industry and its future prospects concluded this definitive and very readable history of the lead industry.

Originally published in 1989. In this book Nicholas Xenos argues that the assumption that scarcity is a universal human condition is far from universal but rather a product of western influence. Informed by the work of Baudrillard, Bourdieu, Girard, and Sahlins, this historical narrative of scarcity incorporates interpretations of texts and practices from eighteenth-century London to contemporary New York. Lucid and elegant in style, Scarcity and Modernity will appear to those with interests in social and political thought and cultural criticism.

This study, first published in 1990, explores the ways in which institutions can succeed or fail at environmental improvement. The author first takes a look at the nature of environmental politics and the history of air pollution control in Southern California. He then develops a political economic model that asks the question: what effect have the dramatic changes that have occurred throughout the history of air pollution control in Southern California had on air quality? Jeffry Fawcett uses the information gathered to both evaluate the relationship between air quality and institutional change; and to evaluate how political economists explain how state environmental institutions work. This title will be of interest to students of environmental economics and policy.

Originally published in 1989. Professor Robinson begins by examining natural resource classification and the nature of return in mining, giving particular emphasis to different sources of long-run price changes in mining and their relevance for user cost and the economic treatment for exhaustible resources. He then traces the development of the economic theory of exhaustible resources from the last quarter of the eighteenth century to the first quarter of the twentieth, documenting the differing views of various authors about the future availability of mineral resources and the extent of user cost involved in their exploitation. He identifies a link between the perceived availability of exhaustible resources and the nature of the economic theory used to explain their exploitation. This book should be of interest to students and researchers of Economic Theory and Policy.

This book, first published in 1984, examines the economics and political issues raised by foreign investment in mineral development. It is an attempt to identify, as far as possible, what occurs in and between countries when foreign investments are made in mineral development, concentrating on two main themes: on the nature of the transactions which constitute the process of foreign investment on the physical level - money and instruments of credit, objects, information and people as they cross national boundaries - and on the nature of the relationships which are created between foreign investors and governments in the countries where the investments are made. The author argues that the nature of physical transactions plays a crucial role in determining the character of host country-foreign investor relations, and the policies and attitudes adopted by host country authorities exercise an important influence, in turn, on the physical effects of foreign investments. As such, the book constitutes a comprehensive overview of the economic and political factors involved in mining and its development.

This study, first published in 1979, continues by examining the question of whether a competitive economy can efficiently allocate a stock of non-renewable natural resources through time. Long-run analyses of competitive economies with such resources have concluded that, without perfect foresight or a complete set of future markets extending infinitely far into the future, there is no economic mechanism to guarantee that the initial price is set so that the economy converges to the socially desirable path of balanced growth. This title will be of interest to students of environmental and natural resource economics.

This study, originally published in 1972, examines the connections between human society and the rest of the universe that are attributable to economic activity. These include the inputs from the environment to industry, such as oxygen, used in the combustion of mineral fuels. Also included are the industrial outputs which are fed back into the environment in the form of waste products. An attempt will be made to establish functional relations between the extent and character of economic activity and the flow of materials in both directions between the economy and the environment. This title will be of interest to students of environmental and natural resource economics.

Originally published in 1979. For decades conservationists have argued that increasing population will eventually out-strip the limited natural resources of the earth. Economists have responded by saying that any resource scarcity will be forestalled by changes in tastes and technology, induced by the appropriate price signals. This study is an attempt to develop a theoretical framework for analysing some of the issues related to this debate. Using an optimal growth theory framework, the author analyses the problem of optimally allocating a finite stock of the resource over time. In the process the author points out the crucial parameters and value judgments relevant to the various issues. This title will be of interest to students of environmental economics.

Originally published in 1979. While the theory of non-renewable resources under competitive and monopolistic market regimes have been relatively well developed, almost no attention has been given to the development of a theoretical framework for analysis of the spectrum of mixed market structure between those extremes. The world oil market structure is an example of such an intermediate market structure. The purpose of this title is to develop such a theoretical framework. The study examines non-renewable resource markets in which a profit maximizing producer cartel co-exists with a non-cartel supply sector, which is alternately modelled as consisting of a collection of competitive firms or as exhibiting other exogenously assumed supply behaviours. This title will be of interest to students of environmental economics.

This title, first published in 1990, is intended to assess the impact of national environmental control policies on international trade and competitiveness in general, and, in particular, the impact of differential environmental control policies on the international trade and competiveness of the two industrialized nations, Germany and the United States. To assess the impact of differential environmental control policies on trade, this study applies a comparative analysis of the two countries.

This book, originally published in 1995, examines the evolution of environmental policy in 6 OECD countries. Through numerous examples, it contrasts the widely-varying political and regulatory styles and their consequences for innovation. Two industry-specific case studies provide a transnational perspective on the co-evolution of technology and environmental policy. The book concludes that innovation can be successfully harnessed by setting credible, long-term environmental goals and ensuring that regulatory instruments are grounded in flexibility, dialogue and trust.