This book gathers contributions from a multidisciplinary research team comprised of control engineering and economics researchers and formed to address a central interdisciplinary social issue, namely economically enabled energy management. The book's primary focus is on achieving optimal energy management that is viable from both an engineering and economic standpoint. In addition to the theoretical results and techniques presented, several chapters highlight experimental case studies, which will benefit academic researchers and practitioners alike. The first three chapters present comprehensive overviews of respective social contexts, underscore the pressing need for economically efficient energy management systems and academic work on this emerging research topic, and identify fundamental differences between approaches in control engineering and economics. In turn, the next three chapters (Chapters 4-6) provide economics-oriented approaches to the subject. The following five chapters (Chapters 7-11) address optimal energy market design, integrating both physical and economic models. The book's last three chapters (Chapters 12-14) mainly focus on the engineering aspects of next-generation energy management, though economic factors are also shown to play important roles.

This book addresses growing tensions in Northeast Asia, notably between North Korea and China. Focusing on China's economic participation in North Korea's minerals and fishery industries, the author explores the role of China's sub-state and non-state actors in implementing China's foreign economic policy towards North Korea. The book discusses these actors' impact on the regional order in Northeast Asia, particularly in the Korean Peninsula. The project also provides a comprehensive and up-to-date account of China's cultural and economic activities in North Korea as implemented by both the historically traditional actors in Jilin and Liaoning provinces in Northeast China, and new actors from coastal areas (Shandong and Zhejiang provinces) and inland provinces (Chongqing and Henan) to Zhejiang province. It argues that in the era of economic decentralisation, Chinese sub-state and non-state actors can independently deal with most of their economic affairs without the need for permission from the central government in Beijing. A key read for scholars and students interested in Asian history, politics and economics, and specifically the East Asian situation, this text offers an in-depth analysis of recent activity concerning the Sino-DPRK economic relationship.

This book addresses major issues such as a growing world energy demand, environmental degradation due to anthropogenic greenhouse gas (GHG) emission, and risk management of disastrous events such as pandemics, abnormal climate, and earthquakes. Using cutting-edge analytical tools, particularly computable general equilibrium (CGE) modelling, the analyses are focused on a very wide range of policy-relevant economic questions for the Asia-Pacific region, especially for Japan, China, India, Vietnam, and smaller nations, including Brunei, Timor Leste, and Fiji. The first part considers (a) the effects of climate change on agriculture sectors, energy policies, and future GHG emission trends, (b) adaptation to climate changes in energy policy and its impacts on the economies, and (c) risk management of catastrophic events such as global pandemics. The second part examines (a) energy environmental issues, (b) economic impacts of natural disaster and depopulation, and (c) effects of informatics development on risk management, using CGE modelling and other methods in regional science fields. Contributors are internationally active leading CGE modellers and environmental economists. The book should be greatly beneficial for scholars and graduate students as well as policy makers who are interested in the economic effects and management of risks relating to climate change and disastrous events.

Transforming Urban Transport brings into focus the origins and implementation pathways of significant urban transport innovations that have recently been adopted in major, democratically governed world cities that are seeking to advance sustainability aims. It documents how proponents of new transportation initiatives confronted a range of administrative, environmental, fiscal, and political obstacles by using a range of leadership skills, technical resources, and negotiation capacities to move a good idea from the drawing board to implementation. The book's eight case studies focus on cities of great interest across the globe-Los Angeles, Mexico City, New York, Paris, San Francisco, Seoul, Stockholm, and Vienna-many of which are known for significant mayor leadership and efforts to rescale power from the nation to the city. The cases highlight innovations likely to be of interest to transport policy makers from all corners, such as strengthening public transportation services, vehicle and traffic management measures, repurposing roads and other urban spaces away from their initial function as vehicle travel corridors, and turning sidewalks and city streets into more pedestrian-friendly places for walking, cycling, and leisure. Aside from their transformative impacts in transportation terms, many of the policy innovations examined here have altered planning institutions, public-private sector relations, civil society commitments, and governance mandates in the course of implementation. In bringing these cases to the fore, Transforming Urban Transport advances understanding of the conditions under which policy interventions can expand institutional capacities and governance mandates, particularly linked to urban sustainability. As such, it is an essential contribution to larger debates about what it takes to make cities more environmentally sustainable and the types of strategies and tactics that best advance progress on these fronts in both the short- and the long-term.

This volume presents new developments in the research on ancillary benefits. Twenty years after the influential OECD report on ancillary benefits, the authors discuss theoretical innovations and offer new empirical findings on various ancillary effects in different world regions. Covering topics such as ancillary health effects associated with reduced air pollution, the influence of ancillary benefits on international cooperation on climate protection, co-effects of carbon capture and storage, ancillary effects of adaptation to climate change, multi-criteria decision analysis covering multiple effects of climate protection actions, and the analysis of primary and ancillary effects within an impure public goods framework, it provides starting points for further research on integrated climate policies seeking to address a range of policy objectives simultaneously.

As the world plans for economic recovery following the global COVID-19 pandemic, major economies are looking to comprehensive strategies for addressing carbon risks and identifying green finance opportunities. Since Bank of England Governor Mark Carney and Michael Bloomberg began tackling climate change as a financial concern, the international financial community has been developing sophisticated analytical tools that will enable the success of comprehensive efforts to address carbon risks and identify green finance opportunities. This timely publication offers a cutting-edge analysis of the financial aspects of climate change. It discusses the most important analytical tools, their origin, how they work, where they can go, and how they fit into a larger strategy. First, reporting frameworks can allow companies to see how well they are addressing carbon risks, in particular with respect to the recommendations of the Task Force on Climate-related Financial Disclosures. Second, by quantifying how much greenhouse gas companies emit into the atmosphere as a direct or indirect result of their operations, carbon footprint calculations can help identify carbon risks with particular companies, especially within supply chains. Third, brown taxonomies can help investors identify current carbon risks by classifying fossil fuel assets in a systematic manner. Fourth, green taxonomies can help investors identify current green finance opportunities by classifying sustainable activities in a systematic manner. Fifth, scenario analysis for assets can help investors identify future carbon risks and green finance opportunities. Finally, stress testing for liabilities can help insurers and banks address future carbon risks and better inform policymakers. Scholars, policymakers, and business professionals will find this book informative. They will gain a comprehensive understanding of the analytical tools supporting efforts to address carbon risks and identify green finance opportunities. This will hopefully make these individuals more successful in their personal endeavors to build a more sustainable and resilient economy for future generations.

There are many studies confirming the relationship between financial systems and economic development, but there are few which examine the degree to which financial systems a) impact the quality of information, b) influence sound corporate governance, c) ensure effective mechanisms of risk management, d) mobilize savings and f) facilitate trade. In the context of sustainability, there should also be a line of inquiry into how a particular financial system influences the assurance and implementation of sustainable development principles and goals. This book delivers a methodological approach to designing and assessing sustainable financial systems. It provides an original contribution by prioritizing ESG factors in the decision-making process of financial institutions and identifying their impact on sustainable financial systems. The author argues that to achieve financial stability, it is necessary to have in place mechanisms designed to prevent financial problems from becoming systemic and/or threatening the stability of the financial and economic system, while maintaining (or not undermining) the economy's ability to sustain growth and perform its other functions. The book primarily takes a simulation and experimental approach. It is the first book to take such a comprehensive look at sustainable financial systems as opposed to sustainable finance in general. It will appeal to academics, students and researchers in the fields of economics, finance and banking, business, management and political and social sciences.

This book provides a detailed coverage of how the circular economy aims to change the paradigm in relation to the linear economy, by limiting the environmental impact and waste of resources, as well as increasing efficiency at all stages of the product economy. It serves as the sole comprehensive overview of the role of biofuels in the circular economy. It contains updated information on the latest trends of techno-economic analysis of biofuels, economic transitions, low-carbon economies, green circular societies, and life cycle assessment of biofuels. This book delves deep into the economic security of the poor as well as the nexus between biofuel industry and global trade bodies, making it one of the few introductory books without bias toward the contribution of biofuels in circular economy. With its diverse contributions on themes such as biofuels as potential alternatives to fossil fuels, biofuel economics and policies; biofuel standards, blending, and future insecurities; economic transitions from biomass to biofuels; and biofuel economy, development, and food security, the book would be a great resource for a wide and multi-disciplinary readership base ranging from researchers to academics, policy makers, innovators, corporates, and non-profit organizations working in this area.

It is increasingly apparent that capitalism cannot stave off the truly frightening ecological disasters that threaten the future of life on earth. Is it an accident that the strongest and most capitalist economic force in the world, the US, is also that force that is most prone to the denial of the enormous dangers of global warming? While capitalism is a global force, it is not supported by the majority of the world, and much more thought and action is needed to integrate and globalize movements against oppression, injustice and ecological destruction. While changes at a local level are important and more feasible in our current world, ultimately changes at a global level may have greater long-term importance, and we need to greatly expand theorizations and mobilizations in this direction now. Robert Albritton proposes 'practical utopias' as a process of thinking by which short-term changes tend in the direction of desirable changes in the long term.

This book discusses sustainable development decision-making. Focusing on decisions to invest in wind turbine technology as part of a corporation's CO2 emission reduction strategy, it presents a new evaluation framework, based on the triple bottom line framework widely used by businesses to communicate their adherence to corporate social responsibility. This new framework allows the evaluation of strategic corporate decisions to invest in wind turbines to mitigate global warming in the context of a corporation's social responsibility, and includes an objective measurement stage to add rigor to the evaluation process. The book describes the use of measured data from wind turbine projects to both develop and validate the methodology, and also identifies key enablers and barriers as businesses attempt to successfully integrate corporate social responsibility into their overall business strategy. Given its scope, the book appeals to postgraduate students, researchers, and business professionals interested in the environmental impact of corporations. Featuring case studies from Ireland, it is particularly relevant to audiences within Europe.

Consumption, Jobs and the Environment argues that the present pattern of development, based on everlasting economic growth, is completely unsatisfactory from a welfare point of view. It threatens ecological catastrophe while perpetuating poverty. Roy Carr-Hill and John Lintott propose an alternative policy framework based explicitly on welfare and suggest where cuts in consumption, working hours and ecological risks might be made most usefully.

This book presents methods for optimising the spatial and network configuration of solar radiation measuring stations. Various physical and mathematical models are demonstrated, which together with high quality measurements, provide the essential tools to generate and validate solar resource estimates to improve the mapping of solar resources. Each chapter deals with a specific topic, showing its methodology, and providing examples of how to apply these techniques with reference to current projects around the world. These topics include: * Radiometric measurement campaigns;* Equipment calibration, installation, operation, and maintenance;* Data quality assurance and assessment;* Solar radiation modelling from satellite images and numerical models;* Downscaling and kriging interpolation of solar radiation;* Simulation of electric solar power plant generation;* Solar radiation forecasting;* Applications of solar energy; and* Socio-economic benefits of solar energy. The contributors present the statistical and physical models needed to derive solar radiation from satellite images and numerical models, emphasising the importance of measuring solar radiation accurately. They also show the classical models used to generate synthetic data, clear sky models and ancillary air quality and meteorological data from different input sources. Solar Resources Mapping provides industry professionals with methodologies and tools to build solar irradiance maps for different applications. The book will also benefit students and researchers as it serves as a main technical reference, presenting the basic terminology and fundamentals for solar resource mapping that include methods for assessing measurement uncertainty.

The Economics of Globally Shared and Public Goods responds to an urgent need to consolidate and refine the economic theories and explanations pertinent to globally shared resources. Making a clear distinction between theories and empirical models, it elucidates the problem of global public goods while incorporating insights from behavioral economics. Its comprehensive and technical review of existing theoretical models and their empirical results illuminate those models in practical applications. Relevant for economists and others working on challenges of globally shared goods such as climate change and global catastrophes, The Economics of Globally Shared and Public Goods provides a path toward greater co-operation and shared successes.

This book focuses on carbon dioxide and its global role in our everyday life. Starting with society's dependency on energy, it demonstrates the various sources of carbon dioxide and discusses the putative effects of its accumulation in the atmosphere and its impact on the climate. It then provides an overview of how we can reduce carbon dioxide production and reviews innovative technologies and alternative energy resources. The book closes with a perspective on how carbon dioxide can be utilized reasonably and how mimicking nature can provide us with a solution. Using simple language, this book discusses one of today's biggest challenges for the future of our planet in a way that is understandable for the general public. The authors also provide deep insights into specific issues, making the book a useful resource for researchers and students.

The world is currently undergoing an historic energy transition, driven by increasingly stringent decarbonisation policies and rapid advances in low-carbon technologies. The large-scale shift to low-carbon energy is disrupting the global energy system, impacting whole economies, and changing the political dynamics within and between countries. This open access book, written by leading energy scholars, examines the economic and geopolitical implications of the global energy transition, from both regional and thematic perspectives. The first part of the book addresses the geopolitical implications in the world's main energy-producing and energy-consuming regions, while the second presents in-depth case studies on selected issues, ranging from the geopolitics of renewable energy, to the mineral foundations of the global energy transformation, to governance issues in connection with the changing global energy order. Given its scope, the book will appeal to researchers in energy, climate change and international relations, as well as to professionals working in the energy industry.

This book aims to incorporate an emerging successful business model, i.e., sharing economy, into energy markets, thus digging out the potential merits and applications in multi-energy sectors. With the core idea "access over ownership", sharing economy enables the collaborative consumption of idle resources through advanced information and communications technology. One critical challenge is to identify different market participants' occupation while accordingly designing pricing mechanisms. This book begins with an overview about the recent development of sharing economy in energy fields, and summarizes two energy market-related issues that sharing economy can hopefully address. One is how to quantify a marginal generator's contribution and thereby elicit truthful bidding under information asymmetry condition. The other is how to distinguish renewable and distributed energy resources' contribution and thus incentivize efficient aggregation considering increasing scale and uncertainty. Then sharing economy mechanisms are proposed and designed from a game theory perspective. On this basis, the following chapters thoroughly investigate the specific problems in spot markets, multi-area markets, renewable energy aggregation and energy systems integration. Additionally, the benefits brought by sharing economy are evaluated in terms of regional market bidding and transmission expansion deferral. Finally, the information and communications technologies related to sharing economy are modeled and analyzed. Hopefully, this book can greatly benefit the readers who are interested in energy economics and engineering.

This open access book evaluates, from an economic perspective, various measures introduced in Japan to prevent climate change. Although various countries have implemented such policies in response to the pressing issue of climate change, the effectiveness of those programs has not been sufficiently compared. In particular, policy evaluations in the Asian region are far behind those in North America and Europe due to data limitations and political reasons. The first part of the book summarizes measures in different sectors in Japan to prevent climate change, such as emissions trading and carbon tax, and assesses their impact. The second part shows how those policies have changed the behavior of firms and households. In addition, it presents macro-economic simulations that consider the potential of renewable energy. Lastly, based on these comprehensive assessments, it compares the effectiveness of measures to prevent climate change in Japan and Western countries. Providing valuable insights, this book will appeal to both academic researchers and policymakers seeking cost-effective measures against climate change.

This book examines the economics of natural resource markets and pricing, as well as the field of natural resource economics in general. It presents the key contributions to this field of research, including the pioneering works and contemporary studies. The book highlights the basic principles and ideas underlying theoretical models of resource pricing. The models considered in the book underline the fundamental determinants of resource prices and the economic nature of rents for non-renewable and renewable resources. Besides the classical theory of exhaustible resource economics, the book includes several issues that are of high importance for global economic growth, such as the transition to alternative energy and the economics of climate change. The authors also consider the issues of commodity pricing and a resource cartel's activity that are relevant to the world oil market. The book provides analytical solutions illustrated with numerical examples. It allows an intuitive understanding of the subject and the model inferences through graphical illustrations and an informal introduction. It, therefore, is a must-read for everybody interested in a better understanding of resource prices, resource markets, and resource economics.

This book presents new research on policy innovations that promote the development of the circular water economy. In contrast to the linear economy, the circular water economy promotes the reduction of water consumption, reuse of water, and recovery of resources from wastewater to not only increase resilience to climate change but also to reduce greenhouse gas emissions resulting from the provision of water and wastewater-related services. Providing a series of in-depth case studies of important locations in differing climates around the globe that have implemented a variety of policy innovations to develop the circular water economy, this book is a valuable resource for water and resource conservation managers, policymakers, international companies and organisations interested in the circular economy, environmental NGOs, researchers, as well as graduate and undergraduate students. * Systematically reviews policy innovations to develop the circular water economy * Illustrates how leading locations from around the world have developed the circular water economy to increase resilience to climate change while reducing emissions * Provides 'best practices' for other locations around the world aiming to implement the circular water economy

The international community is increasingly confronted with global environmental problems, which lead to distributional conflicts, unresolved equity issues and asymmetric distribution of the costs and benefits of environmental policy. The complexity of such problems requires the development of an international institutional framework, capable of coping with the long-run international aspects of global environmental change. This book analyses some of the difficulties in the construction of such a framework and offers suggestions on how they might be overcome. The contributions in The Economics of Global Environmental Change address international trade, land-use change, biodiversity preservation, the management of water resources and the composition of water-related conflicts, global warming and strategic aspects of international environmental agreements. This book provides an in-depth insight to the current state-of-the-art for both economists and non-economists interested in global environmental change. It will also be of great interest to those wanting an introduction to the economic perspective of an increasingly relevant environmental core problem, as well as to students and researchers in political science.

Airports serve an essential role in domestic and international travel, facilitating the origination, termination, and connections of air flights. Airport services enhance regional, national, and global connections, increasing the mobility of people worldwide and enhancing local and regional economies. Although there is a large amount of literature that examines airline costs and productivity, consumer welfare from air travel, and the influence of economic regulation of airline services, there is much less literature that examines airports. This is important, as airport operations play a critical role in influencing airline travel. This volume examines the role that airports play in economic development and land values, the regulation and economic efficiency of airports, airport pricing and competition, and the role played by airports in influencing airline operations and networks.

This is an open access book. This edited volume discusses topics in environmental economics with a focus on sustainability, conservation, and responsible resource management. Written in memory of Peter Berck, Professor of Agricultural and Resource Economics at the University of California, Berkeley, the chapters expand upon his insights about the connections between human activities and the natural world.  The volume includes a selection of research on agriculture, energy, forestry, fisheries, land use, recycling, and conservation – all parts of the broad question of how natural resources can meet human needs while avoiding environmental degradation. Written from a 21st century perspective, with concerns about climate, renewable energy, biodiversity, and sustainable development, this volume will be of interest to researchers and students of agricultural and resource economics.

This book presents peer-reviewed articles from the 1st International Conference on Dam Safety Management and Engineering (ICDSME 2019), organized by the Malaysian National Committee on Large Dams (MYCOLD), Tenaga Nasional Berhad (TNB), Department of Irrigation and Drainage (DID) and Universiti Tenaga Nasional (UNITEN). With the theme "resilient dams for resilient communities," the conference highlighted the latest developments in the area and provided a platform for researchers and professionals to exchange ideas and to address dam safety and engineering issues with the environment in mind. The topics covered included, but was not limited to, best practices in dam safety, reservoir management, dam health monitoring, risk assessment, emergency management and sustainable dams.

This book addresses the gaps in undergraduate teaching of partial equilibrium analysis, providing a general equilibrium viewpoint to illustrate the assumptions underlying partial equilibrium welfare analysis. It remains unexplained, at least at the level of general economics teaching, in what sense partial equilibrium analysis is indeed a part of general equilibrium analysis. Partial equilibrium welfare analysis isolates a market for a single commodity from the rest of the economy, presuming that other things remain equal, and measures gains and losses by means of consumer surplus. This is a money metric that is supposed to be summable across individuals, recommending policy that maximizes the social surplus. But what justifies such apparently uni-dimensional practise? Within a general equilibrium framework, the assumption of no income effect is presented as the key condition, and substantive general equilibrium situations in which the condition emerges are presented. The analysis is extended to the case of uncertainty, in which the practice adopts aggregate expected consumer surplus, and scrutinizes when such practice is justified. Finally, the book illustrates partial equilibrium as an institutional artifact, meaning that institutional constraint induces individuals to behave as if they are in partial equilibrium. This volume forms an important contribution to the literature by researching why this disparity persists and the implications for economics education.

The book interprets nature and the environment as a scarce resource. It offers a theoretical study of the allocation problem and describes different policy approaches to the environmental problem. The entire spectrum of the allocation issue is studied. The author incorporates several economic approaches, including neoclassical analysis, the public goods approach and optimization theory. The different aspects of environmental allocation are studied in the context of a single model that is used throughout the book. The sixth edition includes new sections on ethical aspects of environmental evaluation, and international emission trading and biodiversity.