In this book, the authors analyze big data on global interdependence caused by the flows of commodities, money, and people, using a network science approach to obtain differing views of globalization and to clarify the facts on isolation of communities. Globalization reduces international economic inequality, i.e., it allows emerging countries to catch up while it increases relative poverty in some advanced countries. How should this trade-off between international and domestic inequalities be resolved? At the same time, the reduction of biocultural diversity caused by globalization needs to be avoided. What kind of change is required in local communities to conserve biocultural diversity? On the issue of commodity flow, research results of the supply-chain network, isolation in industry, and resource flows and stocks are presented in this book. For monetary flow, ownership networks, value-added networks, and profit shifting were studied; and regarding the flow of people, linkage of ethnic groups, immigrant assimilation, and refugees were examined. Based on the resulting view of globalization and isolation, the development of the isolation index using machine learning is discussed. Finally, recommendations for evidence-based policymaking in the United Nations are considered.

The 20th century witnessed unparalleled economic growth among developed countries, largely based upon the exploitation of fossil fuels, and unparalleled population growth in developing countries. These broad trends in turn did massive damage to the environment. Biodiversity has suffered its biggest reverse since the last great extinctions in geological time, and the burning of fossil fuels has begun to change our climate. But it was only at the end of the century that environmental concerns were transformed from a narrow sectional interest, moving to the centre-stage of government, and on to the main agendas of companies. Once a minority interest, the environment now commands the attention of ministers, chief executives, and consumers in the supermarket. Party manifestos proclaim the greenness of politicians, companies produce environmental reports, and shoppers opt for organic food and avoid genetically modified products. This volume focuses on the practical design of economic instruments for environmental policy. It is divided into three parts: the overarching policy context; the choice of policy instruments; and applications to the main sectors of the economy.

This book offers a new perspective about the Gulf Arab states entering a post-oil era by looking at the political factors behind the green transformation. It discusses the recent 'environmental enthusiasm' in the oil- and gas-rich Gulf monarchies by asking how political power can be constituted through advocating environmental sustainability. While hydrocarbon-wealthy Gulf monarchies have been viewed as the globe's 'hydrocarbon powerhouse' with an immense ecological footprint, efforts towards sustainability and environmental protection measures are increasingly monitored. Climate Change, environmental, degradation and the global pressure towards a low-carbon development are threatening the very basis of economic and political power of the oil- and gas-exporting Gulf monarchies. So far, discussions about this fundamental transformation have barely elaborated how it affects and reorganizes political power games in the region. This book attempts to overcome the dominant focus of techno economic drivers of change and uncovers how environmental sustainability impacts state-society and state-elite relationships as well as shaping regional and even global geopolitics.

In ancient Greece and Rome an ambiguous relationship developed between man and nature, and this decisively determined the manner in which they treated the environment. On the one hand, nature was conceived as a space characterized and inhabited by divine powers, which deserved appropriate respect. On the other, a rationalist view emerged, according to which humans were to subdue nature using their technologies and to dispose of its resources. This book systematically describes the ways in which the Greeks and Romans intervened in the environment and thus traces the history of the tension between the exploitation of resources and the protection of nature, from early Greece to the period of late antiquity. At the same time it analyses the comprehensive opening up of the Mediterranean and the northern frontier regions, both for settlement and for economic activity. The book's level and approach make it highly accessible to students and non-specialists.

This book analyses the role of local content (LC) policy in the economic development of five resource-rich countries: Brazil, Kazakhstan, Norway, Russia and the UK. The authors situate LC policy within a framework of sustainability in the form of industrial diversification and innovation-led growth, and examine how effective LC policies are in facilitating sectoral and economy-wide catching up. Structured in five chapters, the book begins with an introduction and then presents an overview of LC definitions and situates LC policies within a framework of economic development. The third chapter compares specific examples of LC development and highlights variations in practice as well as learning across case countries. The fourth chapter focuses on macro-economic, micro-economic and institutional challenges conditioning LC development and the ability of LC policies to assist innovation-led growth. The authors conclude by examining what the future holds for LC policies and their role in promoting economic growth and addressing the wider social, political and economic challenges in resource-rich countries.

This book investigates the role of climate-induced innovation and climate change mitigation technologies in reducing the negative impact of climate change. Through original case studies and analysis, frameworks to both reduce the emission of greenhouse gases and respond to the impacts of a changing climate are explored. Particular attention is given to biotechnology patents and innovations for small farm agriculture. This book aims to provide new insight into the relationship between climate change and innovation, highlighting the problems and opportunities posed by the transition to an environmentally sustainable society. It will be relevant to students and researchers interested in environmental and innovation economics.

This book discusses the biorefinery of biomass feedstocks. In-depth chapters highlight the scientific and technical aspects and present a techno-economic analysis of such systems. By using a TEA approach, the authors present feasible pathways for the conversion of biomass (both residual biomass, energy crops, and algae biomass), showing the different possibilities for the production of biochemical materials, biofuels, and fertilizers. The concepts presented in this book will link companies, investors, and governments by providing a framework that will help reduce pollutants and create a biomass-related economy that incorporates the newest developments and technologies in the area.

This book examines the changing roles and functions of the soybean throughout world history and discusses how this reflects the complex processes of agrofood globalization. The book uses a historical lens to analyse the processes and features that brought us to the current global configuration of soy. From its origins as a peasant food in ancient China, today the protein-rich soybean is by far the most cultivated biotech crop on Earth, used to make a huge variety of food and industrial products, including animal feed, tofu, cooking oil, soy sauce, biodiesel and soap. While there is a burgeoning amount of literature on how the contemporary global soy web affects large tracts of our planet’s social and ecological systems, little attention has been given to the questions of how we got here and what alternative roles the soybean has played in the past. This book fills this gap and demonstrates that it is impossible to properly comprehend the contemporary global soybean chain, or the wider agrofood system of which it is a part, without looking at both their long and short historical development. However, a history of the soybean and its changing roles within equally changing agrofood systems is inexorably a history about globalization. Not only does this book map out where soybeans are produced, but also who governs, wields power and accumulates capital in the entire commodity chain from production to consumption, as well as identifying the institutional context the global commodity chain operates within. The book concludes by considering the soybean’s future role in a desirable agrofood system which improves human health, culture and livelihoods, and the provision of ecosystem services. This book is essential reading for students and scholars interested in agriculture and food systems, global commodity chains, globalization, environmental history, economic history and social-ecological systems.

This book highlights a selection of the best papers presented at the 2016 SIEV conference "The Laudato si Encyclical Letter and Valuation. Cities between Conflict and Solidarity, Decay and Regeneration, Exclusion and Participation", which was held in Rome, Italy, in April 2016, and brought together experts from a diverse range of fields - economics, appraisal, architecture, energy, urban planning, sociology, and the decision sciences - and government representatives. The book is divided into four parts: Human Ecology: Values and Paradigms; Integral Ecology and Natural Resource Management; Intergenerational Equity; and How to Enhance Dialogue and Transparency in Decision-making Processes. Cities are where 72% of all Europeans live, and this percentage is expected to rise to 80% by 2050. Given this trend towards urbanization, cities are continuously growing, which also entails a growing risk of social segregation, lack of security and mounting environmental problems. All too often, today's cities have to cope with social and environmental crises, shifting the European urban agenda towards regeneration processes. Urban regeneration is more complex than merely renovating existing buildings, as it also involves social and environmental problems, inhabitants' quality of life, protecting tangible and intangible cultural resources, innovation and business.

The basic unit of nature - the ecosystem - is a special form of wealth, which we can think of as a stock of natural capital. However, perhaps because this capital is free, we have tended to view it as limitless, abundant and always available for our use, exploitation and conversion. Capitalizing on Nature shows how modeling ecosystems as natural capital can help us to analyze the economic behavior that has led to the overuse of so much ecological wealth. It explains how this concept of ecosystem as natural capital sheds light on a number of important issues, including landscape conversion, ecological restoration, ecosystem resilience and collapse, spatial benefits and payments for ecosystem services. The book concludes by focusing on major policy challenges that need to be overcome in order to avert the worsening problem of ecological scarcity and how we can fund novel financing mechanisms for global conservation.

Is the 'natural resource curse' destiny? Are different ways to link natural resources and economic development? Using two particular regions as case studies, this edited collection examines the divergent development paths of natural resource rich countries over the past two centuries. Bolivia, Chile and Peru are neighbour states with a common history and are globally known by their mining endowments. Norway and Sweden have also a strong common history, and different natural resource endowments (forestry, mining and fishing) are essential to understand their current economic success. By comparing natural resource management in the long run in these two divergent regions, this book can help rethink how developing countries can better take advantage of their natural resource endowments. Specifically, the book examines the interaction between natural resources and different key determinants of long-term development: trade, fiscal policy, sustainability, human capital accumulation and business strategies.

Capitalism is under attack. Defenders say that capitalism has raised billions of people from poverty. But a central activity of capitalism today, Wall Street style, is speculation (gambling), using other people's money, and privatizing the profits while socializing the debts. Skeptics argue that capitalism has redistributed the wealth of the planet in favor of a very few, meanwhile leaving the planet in bad shape and leaving billions of people out in the cold. Wealth is now extremely mal-distributed, opportunity is far from equal, and upward social mobility has declined significantly in recent decades. This book reviews the evidence and arguments pro and con in considerable detail. The evidence is mixed. The main virtue of capitalism is its emphasis on competition as a driver of innovation and, thus, of economic growth. It is true that economic growth has accelerated in recent centuries, and it is true that billions of people have been lifted from poverty. But it is not necessarily true that intense "winner take all" competition in the marketplace is the explanation for growth. Neoclassical economic theory posits that self-interest is the primary motive for all economic decisions, leaving little room for cooperation and even less for altruism. The theory applies to an unrealistic "model" of human behavior, known as Homo economicus or "economic man", whose characteristic activity is buying or selling. The reason for using the adjective word "social" - as in socialism" or "social service" or "social democracy" -- is, essentially, to deny those postulates of standard economic theory. Real humans are not rational utility maximizers (whatever that is) and very often do things that are not in their own personal best interests. This can happen because other interests, such as family loyalty, professional, religious, or patriotic duty, may take precedence. Real people rarely behave like Homo economicus, who has rivals but no friends. He (or she) does not trust anyone, hence cannot cooperate with others, and can never create, or live in, a viable social system (or marriage). Yet social systems, ranging from families and tribes to firms, cities, and nations do (and must) exist or civilization cannot exist. A viable social system must not allow "winner takes all". It must reallocate some of the societal wealth being created by competitive activities to support the young, the old and the weak, because all of those people have equal rights, if not the same luck or the same skills. Both competition and cooperation have important roles to play. A hybrid capitalism involving both is the only viable solution. The book ends with a specific suggestion, namely Universal Basic Income, or UBI.

This book is about understanding the value of environmental services in South Asia. It provides an overview of different environmental problems in South Asia and examines how economic valuation techniques can be used to assess these problems. It brings together multiple case studies on valuation undertaken by economists and environmental scientists from Bangladesh, India, Pakistan, Nepal and Sri Lanka under the aegis of the South Asian Network for Development and Environmental Economics (SANDEE). The book addresses the challenges of valuing environmental changes that are unique to developing countries. Each chapter starts with a description of an environmental problem and the valuation strategy used, followed by a discussion of estimation methods and results. It is designed to serve as a reference book for students, teachers, researchers, non-government organizations, and practitioners of environmental valuation. Those interested in development and environmental economics, and natural resource management policies, will also find it useful.

Environmental finance and green banking are central drivers of the transition to a sustainable economy and essential components in solutions to climate change. This book presents the latest research on theory and practices in these interdisciplinary fields, incorporating both public and corporate finance. It introduces three parts - environmental investing and financing, green banking and environmental policies in the public sector. The book explores the current trends, dynamics and ways forward for environmental finance and green banking, including fundamental theories (e.g., environmental Kuznets curve) and comparisons between traditional and green bond efficiency, corporate governance practices and disclosure, green central banking, climate finance, sustainable strategies, green Islamic banking, and public climate fund management in multi-country context. The contributors to this book highlight significant challenges ahead while recognizing potential opportunities, such as the revolution in green investments and trading in green bonds. This book is a welcome addition to the literature on environmental economics and finance and the economics of sustainability and climate change.

At the UN Climate Negotiations in Copenhagen, 117 heads of state concluded that low-carbon development is necessary in order to combat climate change. However, they also understood that transition to a low-carbon economy requires the implementation of a portfolio of policies and programs - a challenging endeavour for any nation. This book addresses the need for information about factors impacting climate policy implementation, using as a case study one effort that is at the heart of attempts to create a low-carbon future: the European Emission Trading Scheme. It explores problems surrounding the implementation of the ETS, including the role of vested interests, the impact of design details and opportunities to attract long-term investments. It also shows how international climate cooperation can be designed to support the domestic implementation of low-carbon policies. This timely analysis of carbon pricing contains important lessons for all those concerned with the development of post-Copenhagen climate policy.

This book explores the challenges and opportunities at the intersection of the global mining sector and local communities by focusing on a number of international cases drawn from various locations in Canada, the Philippines and Scandinavia. Mining's contribution to economic development varies greatly across countries. In some, it has been a major engine of development, but in others, disputes have erupted over land use, property rights, environmental damage, and revenue sharing. Corporate social responsibility programs are increasingly relied upon to manage company-community relations, yet conflicts persist in many settings, with significant costs for companies and communities. Exploring the many factors and drivers that characterise relationships among different actors within the sector, the volume contributes towards the development of practical wisdom, collective understanding, common sense, and prudence required for the mining sector and community partners to realize the economic potential and social and environmental responsibilities of non-renewable resource development. The book examines case studies from Canada, Scandinavia and the Philippines, three regions amongst the world's top countries of mining operations. Drawing on their extensive experience in these regions, the contributors explore distinctive mining sectors in the Global North and South, the variation surrounding different types of extractive industries, and at different scales, and the legal processes in place to protect local communities. Key themes include corporate social responsibility, impact assessment, foreign ownership, Indigenous Peoples, gender, local insurgency and mining disasters as well as climate change. The book identifies areas of future research and pathways to achieving stronger, respectful and mutually beneficial relationships at the nexus of global mineral extraction and local communities. This book will be of great interest to students and scholars of the extractive industries, natural resource management, sustainable business and corporate social responsibility, Indigenous studies, and sustainable planning and development.

Since the publication of the Stern Review, economists have started to ask more normative questions about climate change. Should we act now or tomorrow? What is the best theoretical carbon price to reach long-term abatement targets? How do we discount the long-term costs and benefits of climate change? This provocative book argues that these are the wrong sorts of questions to ask because they don't take into account the policies that have already been implemented. Instead, it urges us to concentrate on existing policies and tools by showing how the development of carbon markets could dramatically reduce world greenhouse gas (GHG) emissions, triggering policies to build a new low-carbon energy system while restructuring the way agriculture interacts with forests. This provides an innovative new perspective on how a post-Kyoto international climate regime could emerge from agreements between the main GHG emitters capping their emissions and building an international carbon market.

This volume focuses on the topic of energy transitions in the coal mining industries of China and Japan by adopting a Sino-Japanese comparative approach in area studies to examine the experiences between the two major East Asian economies. In China, rapid industrialization led to dramatic growth in energy demand and much of this energy demand was fueled by affordable coal energy. With growing social concerns about the environment and an increasingly vocal middle class in contemporary China, the authorities and state-owned enterprises are studying the use of coal fuels for its future development. In Japan, coal was also an affordable main source of energy for Japan's early post-war heavy industrialization until it was gradually replaced by oil in the 1960s. The oil shocks of the 1970s compelled Japan to look for cleaner and cheaper fuels, including nuclear power. In these energy transitions from coal to oil and then onto non-fossil fuels, the story of coal power in both countries is highlighted in this publication as a comparative study. This volume is a crucial contribution to the discussion of China's energy reforms, and required reading for scholars of climate change and society.

An Introduction to Sustainability provides students with a comprehensive overview of the key concepts and ideas which are encompassed within the growing field of sustainability. The fully updated second edition, including new figures and images, teases out the diverse but intersecting domains of sustainability and emphasises strategies for action. Aimed at those studying the subject for the first time, it is unique in giving students from different disciplinary backgrounds a coherent framework and set of core principles for applying broad sustainability principles within their own personal and professional lives. These include: working to improve equality within and across generations; moving from consumerism to quality of life goals; and respecting diversity in both nature and culture. Areas of emerging importance such as the economics of prosperity and wellbeing stand alongside core topics including: * Energy and society * Consumption and consumerism * Risk and resilience * Waste, water and land. Key challenges and applications are explored through international case studies, and each chapter includes a thematic essay drawing on diverse literature to provide an integrated introduction to fundamental issues. Housed on the Routledge Sustainability Hub, the book's companion website contains a range of features to engage students with the interdisciplinary nature of sustainability. Together these resources provide a wealth of material for learning, teaching and researching the topic of sustainability. This textbook is an essential companion to any sustainability course.

The United States face enormous challenges in the energy area. Climate change, biofuels policy, energy security and environmental degradation are all intimately bound up with energy production and consumption. Historically, the federal government has relied on tax subsidies to effect energy policy. With mounting federal deficits, policymakers and advocates are increasingly calling for a rethinking of our energy tax policy. How can the federal tax code strengthen environmental policy and reduce security concerns in the area of energy? The authors tackle such difficult problems as climate change, efficient taxation of oil and gas, and optimal oil tax policy in a world with OPEC oil producers dominating world oil supply. This volume presents a number of innovative policy suggestions backed by sophisticated and cutting-edge research carried out by leading scholars in the area of energy taxation.

A challenge facing society today is how to develop a meaningful strategy for integrated hazardous waste management. Meeting this challenge was the principal motivation for the conference on "Risk Assessment and Risk Management Strategies for Hazardous Waste Storage and Disposal Prob lems," held at the Wharton School of the University of Pennsylvania on May 18-19, 1988. The conference brought together representatives from the major interested parties - environmentalists, government, insurance, law, manufacturing, and the university community - who have been con cerned with the waste management process. The conference was the third cosponsored by the Wharton Center for Risk and Decision Processes addressing the knotty problem of hazardous waste. The first, held at the International Institute for Applied Systems Analysis in 1985, examined the transportation, storage, and disposal of hazardous materials. It suggested steps that industry, insurers, and gov ernment agencies could take to improve the safety and efficiency with which hazardous materials are produced and controlled in industrialized societies. Specifically, it focused on the risk-management tools of insurance, com pensation, and regulation. xv xvi PREFACE The second conference, held at the Wharton School, University of Penn sylvania in 1986, concentrated on the role of insurance and compensation in environmental pollution problems. It characterized a set of problems related to the environmental pollution liability insurance crisis as presented by key interested parties and proposed a set of research needs for providing a sound basis for constructing socially appropriate measures to deal with the problem."

This book argues that the theory of sustainable development lost some of its rigor because of two main reasons. The first manifests itself as an inflation of concepts that hampers the correct understanding of sustainability's essence. The second one consists of a departure from the traditional scientific sources of the classicists and, in part, neoclassicists. Exploiting relevant areas of their works, the authors outline the theoretical framework necessary to promote a healthy version of sustainability. Of utmost interest prove to be areas such as: the formation process of natural prices and natural rate of interest; placing growth before employment and placing production before distribution, consumption, and social justice. The main idea of the book consists of a call for breaking away from the impure forms of the theory of sustainable development and its reconstruction through the reconciliation with the laws of healthy growth as they are highlighted in the works of the founders. The authors make the case for an approach to sustainable development that is holistic, macroeconomic, and institutionalist, where social, ecological, and economic components are reconciled. This work presents a fresh perspective in the context of current works on sustainability, serving as an accessible research resource and public policy decision guide.

Part of the Ecology of Indonesia series, this text presents extensive baseline data on the region's natural history, peoples, ecosystems, biodiversity, and land-use. It discusses these in historical context, as well as in the context of the socio-economic development of the region. Highly illustrated, and accessible to readers with an interest in the region, it also provides guidelines for scientific researchers on worthwhile ecological and socio-economic research projects. It should be valuable to individuals involved in development planning and environmental management within the region.

This book provides authoritative and up-to-date research for anyone interested in the study of international environmental politics. It demonstrates how the field of international environmental politics has evolved and identifies key questions, topics and approaches to guide future research.

We have undertaken this volume in the belief that there is now sufficient research completed on environmental risk to justify a retrospective assessment of what is known. Our authors and our intended audience are eclectic indeed. Environ mental risk assessment receives increasing attention in the media today. The populace is practically assaulted with stories, with anecdotes, and with conflicting evidence. It is our hope that these chapters will provide the reader with a comprehensive glimpse of a fast-growing field in public policy. No complete survey of the literature would be possible or meaningful. We offer here instead the integrative thoughts of some of the most respected analysts in the field. We believe that the coverage is coherent, the perspectives are illuminating, and the individual "treatments deserving of careful study. We are grateful to Warren Samuels of Michigan State University who is editor of the Kluwer series on recent economic thought. We are also grateful to our Kluwer editor, Zach Rolnik. Both have been gracious in their toleration of unconscionable delays. IX The Social Response to Environmental Risk Policy Formulation in an Age of Uncertainty 1 ENTITLEMENTS AND PUBLIC POLICY IN ENVIRONMENTAL RISKS Daniel W. Bromley* all rights] are conditional and derivative ... they are derived from the end or purpose of the society in which they exist. They are conditional on being used to the attainment of that end."