Environmental policy is undergoing a dramatic transformation. The problems connected with global change, the need for preventative action, and the growing importance of non-source pollution call for new courses of action and new institutional arrangements. In this situation, it is fairly obvious that both the traditional command and control policy instruments and the more modern financial and economic instruments are increasingly under stress. This volume deliberately aims to break new ground in providing the conceptual tools necessary for the next generation of environmental policies. In doing so, it covers a wide interdisciplinary range, from public policy analysis to international law, and draws upon much international experience, well reflected by the mixed composition of the contributors. On the basis of a shared theoretical framework, the book explores the potential of new policy instruments, such as policy evaluation or mediation, proposes alternative institutional arrangements for dealing with the issues, classifies existing instruments, and illuminates the process through which old and new tools can be set into operation.

Edited by a leading scholar in the field, this new four-volume Routledge Major Work brings together canonical and cutting-edge research in ecological economics. In tracing both the development of thought in the field, as well as exploring the most recent scholarship, diverse elements of the rapidly expanding literature are brought together for the first time, providing an overview of?and vision for?ecological economics.

While the roots of ecological economics can be traced back to the late 1800s the modern movement developed from diverse writings in the following century. The field became fully established and institutionalized in the late 1980s. This collection shows how research questioning the basis of mainstream economics combined with a concern for environmental degradation and limits to growth to produce ecological economics. There are also many academics who, while not calling themselves ecological economists, have ideas which are directly of relevance. The common interest, as shown especially in Parts 1?3 of the collection, has been to move beyond standard economic approaches and towards a new political economy which takes note of learning in other sciences.

Besides identifying and collecting seminal works, the editor has also chosen pieces for their ability cogently to summarize and explain developments and ongoing thinking. Ecological economics is now a vibrant and dynamic field, but it has to date lacked a coherent guide to its rapidly expanding literature. Aided by the collection's thematic organization and the editor's newly written general and volume introductions, this Routledge Major Work will enable users to make sense of the wide range of approaches, theories, and concepts that have informed research in ecological economics to date. It is an essential collection destined to be valued as a vital research resource by all scholars and students of the subject.

This book describes the changing landscape of European forest ownership and explores the impact a new, often urban, generation of forest owners may have on the future of one of our most basic resources - forests. Forests have not played a major role in rural studies thus far, however they constitute an important part of many rural areas. Drawing on Swedish cases and comparison cases from various other areas of Europe, the authors present these 'new forest owners' as a pivotal factor in the changing relationships between urban and rural life. The chapters explore how forest production, the relationship to the environment, urban-rural relations and local communities have already changed as well as discussing what might be expected for the future. A result of work in the Swedish research programme PLURAL and related projects, such as the EU Cost Action FACESMAP, this volume will be of interest to scholars of forestry and rural studies, as well as to researchers in environmental, population and globalization studies more broadly.

The aim of this book is to provide an insight into the ways economists analyze the problems of environmental pollution and the depletion of natural resources. To this purpose, selected papers are presented. Part 1 is devoted to environmental externalities. Attention is focused on character, valuation and accounting of external effects. Part 2 deals with the relation of economic growth to nature and includes an investigation of the dynamics of this relationship.

Against the background of realities of underdevelopment and economic growth, environmental pressures and global governance challenges, this volume presents a broad picture of contemporary issues in African development. The multi-disciplinary collection presents a variety of important themes, covering land questions, housing, water, health, economic liberalization, climate, environment, and gender. The specific country studies illustrate the diversity of the African continent and demonstrate how unique contexts impact upon different levels of achievement. The volume seeks to present and promote novel analytical frameworks, new conceptual approaches, and empirical accounts of relevance to scholars studying Africa as well as practitioners in African development and policy makers.

This volume explores the links between the rapidly growing phenomenon of social entrepreneurship (SE) and the international tourism and hospitality industry. This unique industry is particularly ripe for transformation by SE and the book's authors delve deeply into the reasons for this. The book has three parts. The first creates a conceptual and theoretical framework for understanding the uniqueness of SE in the tourism context. The second examines different communities of practice where SE is being applied in tourism. The third is a rich collection of case studies from eight countries where tourism SE is already having an impact. The book's authors address the topic from many different angles, disciplinary backgrounds and geographic areas. Many case study authors are practicing social entrepreneurs who share their successes, challenges and experience with tourism-related projects. The book also proposes a research agenda and educational programmatic changes needed to support tourism SE. As these are developed, tourism SE will bring innovation to destinations, transformation of their economic and social structures, and contribution to a better world. The book has many insights and resources for scholars and practitioners alike to usher in this transformation.

Integrating environmental and world-systems analyses in chapters ranging from the ancient to the contemporary, from the global to the local, from West to East, and from North to South, this book is the first collection to analyze environmental issues from the world-systems perspective. The introduction provides Immanuel Wallerstein's fullest explication of the role of ecological constraints in the world-system. Early chapters diagnose the increasing environmental threats to global sustainability and suggest ways to arrive at an integrated theoretical understanding of those threats. The work then shows the historical and geographical range necessary to do justice to ecological considerations in chapters considering ancient civilizations, capitalism, the circumpolar North, the dam-builders of Asia, and the polluters of East Central Europe. The final chapters analyze the successes and limits of environmental movements in the United States, South Africa, and South Korea.

Economic values are increasingly used in policy analysis and legal settings. With the growing recognition that many of the things that benefit or harm people are outside the market system, have come increasing efforts to develop nonmarket valuation techniques. One such technique is the contingent valuation method (CVM). CVM seeks to value environmental and other nonmarket goods and services by asking individuals about their values using survey methods. These procedures are different from the revealed-preference' methods that economists have historically employed to estimate economic values. Why depart from well-established revealed-preference procedures and apply a stated-preference' method like CVM? For nonmarket goods and services, revealed-preference methods have two shortcomings that those applying CVM hope to avoid. First, revealed-preference methods involve econometric problems that have yet to be fully overcome. The second shortcoming of revealed-preference methods is that such methods, when applied to environmental amenities, are likely to be only partial measures of value. Given the tremendous interest that exists in economic values and the limitations of revealed-preference methods, it is not surprising that interest in CVM has grown rapidly. Environmental Resource Valuation reviews the application of CVM and compares American experiences in nonmarket evaluation with those in other countries.

This book develops a new theory of "identity" ecological modernization (EM), to analyze renewable history and policy development in many of the world's states, which are leading the drive to install renewable energy. "Identity EM" concerns how an industry has arisen allied to environmental NGOs to challenge the ascendancy of conventional energy technologies.

Ten years after the publication of the first edition of this influential book, the evidence is even stronger that human economies are overwhelming the regenerative capacity of the planet. This book explains why long-term economic growth is infeasible, and why, especially in advanced economies, it is also undesirable. Simulations based on real data show that managing without growth is a better alternative. The book tells how the recent idea of economic growth emerged from the idea of progress, itself only a few hundred years old. Many reasons for questioning growth are given based on an extensive review of the data as well as on conceptual and methodological considerations. The experience of growth in several countries is documented, compared and found wanting. Possibilities for managing without growth in high income economies are simulated with a new, comprehensive systems model with many novel features. Three 50 year scenarios are compared: a base case, an ambitious greenhouse gas reduction scenario, and a sustainable prosperity scenario with broader environmental objectives, reduced income inequality, shorter working hours and the cessation of economic growth. The book closes with a review of policies to make this scenario a reality. This updated book is a valuable resource for a broad academic audience, including students and researchers in economics, environmental studies, environmental science, business studies, and geography, as well as social justice groups and NGOs concerned with the environment, inequality and employment.

This book is a study of New Zealand shaking off its quasi-colonial dependence on Britain. Has New Zealand moved beyond its colonial heritage? Is it now time to remove the Union Jack from the national flag and change to a Republic? Hall analyses the three decades after World War II when changes in Britain, mainly as a consequence of that war, forced New Zealand to seek new markets for its exports, which were predominantly primary produce; notably meat, wool and dairy products. A key symbol of these changes was Britain becoming a member of the European Economic Community (EEC) in 1973 - how did this engagement with Europe impact on trade with a Commonwealth country? Significantly, rather than politicians and diplomats, voices of New Zealand's primary producers (the 'backbone of the economy') are used to describe the country's decolonisation in trade. The volume traces how relationships between Britain and one of its main dominions evolved from their quasi-colonial relationship and how the dominion coped with breaking away from over-dependence on Britain not just in economic terms but also in sentimental terms. Hall provides an interesting overview of the final stages of decolonisation.

This book was originally published by Claeys and Casteels, now formally part of Edward Elgar Publishing. This book focuses on the EU ETS, the European Union Emissions Trading Scheme, backbone of the European Union strategy to combat climate change, and its industry competitiveness implications. In the light of the discussion of the revision for the coming years, it aims to provide a toolbox of key elements to understand its functioning and to reflect on crucial improvements. Specifically, besides a general overview of the first phases of the scheme and current difficulties, the book aims to (i) deploy an energy-intensive, sector-level analysis, with both reference to academic literature (ex ante and ex post studies, paying special attention to the underlying assumptions) and stakeholders positions on the carbon leakage issue; (ii) present an overview of the existing ETS policy measures and worldwide experiences; (iii) reflect on the ongoing reform for the post-2020 period, starting from the European Commission's proposal and entering the technical and political debate taking place within the European institutions. "The EU ETS and the European industry competitiveness" provides the reader with a full understanding of the system, presenting problems, policy options, design aspects and global insights. It aims to identify potential improvements and to draw lessons for the coming years and the future phases, assessing if the current reform is actually on track to adequately protect business competitiveness.

This book explores a series of connected themes focused on the role economics and other influential forms of theory and thinking have played in creating the current predicament and the scope for alternatives and how they might be framed. Thirty years have passed since the inception of the United Nations Framework Convention on Climate Change (UNFCCC) and the beginning of policy on climate change. Thirty wasted years. To most politicians, long-term collective interest has been denominated in meaningless units of time, a never and forever that has continually delayed action. From complacency has come potential disaster, and we are now living in a time of climate emergency and ecological breakdown. The next decade is a pivotal period requiring fundamental change. But numerous impediments remain. Continual material, energy and economic growth on a planetary scale are manifestly impossible, and yet economic theory takes these as a given and political leadership and policy seem unwilling to accept brute reality. Instead, they offer a series of implausible commitments and pledges rooted in technofixes, without addressing the fundamental drivers of the problems the world faces. The edited volume explores the issues and offers a variety of ways to think through the problems at hand, from postgrowth, degrowth and social ecological economics to policy assemblage and transversalism. The chapters in this book were originally published in the journal Globalizations.

This book looks at how the benefits of economic development in the Great Lakes Region of Africa are not being equally distributed. It studies the impact of the increasing scramble for natural resources upon local livelihoods and considers the ambiguities that characterise the relationship between mining and development.

'Sustainability Analysis' provides a detailed exploration of current environmental thinking from a variety of perspectives, including institutional and psychological angles. Primarily focusing on macroeconomic policies and green national accounting, this book provides a strong basis for further study in sustainable development.

This Handbook demonstrates the well-established body of thinking on sustainable development which now exists, and its tighter focus today on limits to current economic growth patterns. But while there have been lots of big global debates on planetary boundaries, and thresholds for critical resources, there has been little progress on the ground and in getting the politics right. Contributing authors show that many of the models we use to understand and manage relations between planet, people and profit are hopelessly mis-specified. But better tools exist, such as sustainability indicators, national environmental accounts, and the ecological footprint to help bridge this gap.' - Camilla Toulmin, International Institute for Environment and Development (IIED), UK'There is now wide recognition that current patterns of economic development are already putting great strains on resources, environment and the climate and that, if continued, the consequences could undermine or reverse past development gains and, possibly, lead to catastrophe. In other words our current paths are unsustainable. This Handbook provides a very thorough, thoughtful and valuable contribution to our understanding of the possible meanings of sustainable development, how it can be understood and calibrated, and characteristics of and choices around alternative paths. This is a subject that should be at the centre of the study of development and encompasses many disciplines. And it should be a subject that commands the attention of all those who think carefully about our future well-being; they will find this Handbook fascinating and essential reading.' - Lord Nicholas Stern, London School of Economics and Political Science, UK This timely and important Handbook takes stock of progress made in our understanding of what sustainable development actually is and how it can be measured and achieved. This fully updated and revised second edition captures recent developments in the field, including 14 new chapters by internationally renowned authors from a variety of perspectives and disciplines. The authors explain that the gap between public commitments to sustainable development and real-world action towards achieving it is still significant, but not insurmountable, and that opportunities do exist to reduce that margin. Contributors synthesize the established knowledge and clearly present cutting-edge concepts from the frontier of sustainability research with direct relevance to theory and practice. Topics covered include: the fundamentals of sustainability; equity within and between generations; the capital approach; green growth; measurements and indicators of sustainability; climate change and wellbeing. This accessible, comprehensive and multidisciplinary approach to exploring the theory and practice of sustainable development will prove an invaluable reference tool for researchers, students, academics and practitioners with an interest in the field of sustainable development. Contributors: W.N. Adger, S. Afionis, J. Agyeman, M. Agarwala, J.A. Allan, G.B. Asheim, G. Atkinson, R.M. Auty, E.B. Barbier, A. Bowen, C. Carraro, M.A. Cole, G. Cranston, S. Dietz, L. Dupuy, O. Edenhofer, P. Ekins, S. Fankhauser, T.J. Foxon, A. Galli, G. Gosnell, A. Gouldson, R. Green, K. Hamilton, G. Heal, C. Hepburn, J. Hodbod, T. Jackson, S. Kadner, B. Kristr m, G.-M. Lange, P. Lawn, A. Lucchesi, G. Luderer, J.A. McGregor, G. McNicoll, J.C. Morales, Y. Mulugetta, E. Naikal, E. Neumayer, B.G. Norton, D. Pearce, A. Randall, Y. Rydin, G. Schwerhoff, R. Sullivan, A. Thompson, C.A. Tisdell, J.C.J.M. van den Bergh, J. Vogler, C. von Stechow, M. Wackernagel, A. Winkels, G. Yohe, Z. Zhang

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.

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.

Leaving aside human and social capital for a future volume, the book should be viewed as a crucial first step in developing indicators for total wealth in the countries covered by the case studies, which include Kenya, Uganda, Tanzania, Ethiopia, Mozambique and South Africa. These case studies experiment with implementing the SEAA in sub-Saharan nations known to suffer from the 'resource curse': their wealth in resources and commodities has allowed inflows of liquidity, yet this cash has not funded crucial developments in infrastructure or education. What's more, resource-driven economies are highly vulnerable to commodity price mutability. The new measures of wealth deployed here offer more hope for the future in these countries than they themselves would once have allowed for.

Few policy areas in recent history have the attention of the Australian public and polity as much as those relating to water. Water Policy in Australia considers the current policy reform agenda from agricultural, environmental, and cultural perspectives. It presents a comprehensive account of the country's critical water issues and provides expert perspectives from behavioral and institutional economists, engineers, hydrologists, sociologists, and water law specialists. norms, and values relating to the exploitation of water resources. Until the 1980s, the engineer was king, and policymakers viewed water as an endless resource for driving economic growth. However, in the last twenty years, policymakers have been forced to acknowledge that it is not possible to perpetually supply more water at a low cost. Consequently, the country has begun to focus on water resource management through legislative and institutional change - attempting to allocate water in a more economically efficient and socially and environmentally acceptable manner. institutional change, as well as valuable lessons on the design of property rights for complex resources. The editor and contributors look beyond recent reform efforts and address the hydrological, biophysical, economic, and social factors at play in Australia. The book addresses pertinent issues, such as irrigation in the Murray-Darling basin, one of Australia's largest drainage divisions; the progression from common law riparian rights to share-based entitlements that encourage sustainable water use; and the potential outcomes of the recent National Water Initiative, a wide-ranging strategy to improve water management and simultaneously maintain healthy groundwater and river systems.

The climate policy debate has been dominated by economic estimates of the costs of policies to reduce greenhouse gas emissions. Yet the models used to derive those estimates are based on assumptions that have largely gone untested. The conventional approach embodies structural features that rule out alternative market outcomes. In addition, the distribution of "climate rights" is crucial to determining the economic affects of various policies. Bringing these considerations to the forefront shows how domestic and international policy solutions might be found.

The conservation of biodiversity is now big business. Whether called conservation banking, species banking, habitat banking, biodiversity banking, biodiversity offsets, compensatory mitigation or ecological footprint offsetting, the idea of financially valuing biodiversity and using the market and businesses to promote conservation is growing rapidly. This handbook is an essential and comprehensive guide to conservation banking explaining what it is, and how it works. The book covers the origins of conservation banking, the pros and cons of this approach to conservation, how conservation banking works in reality, the legal, practical and financial aspects of setting up and running a conservation bank and how 'biodiversity off-sets' can be internationalized. Authored by leading experts in the field of ecosystem markets, the book provides practical guidance, tools, case studies, analysis and insights into conservation banking in the United States, its 'biodiversity banking' namesake in Australia and other similar approaches internationally.

This book rejects the idea that natural resource industries are doomed to slow growth. Rather, it examines the case of Norway to demonstrate that such industries can prove highly innovative and dynamic. Here, the case is compellingly made that a key empirical problem with the popular 'resource curse' argument is that some of the richest countries in the world - namely Norway, Sweden, Canada and Australia - have all developed fast-growing economies based on natural resources. Analysis of innovation and knowledge development in natural resource industries reveal important new insights about the role of learning and innovation. These insights are key to understanding variances in growth levels between natural resource-based economies. Ranestad illustrates how Norway's high economic performance is built on knowledge-based natural resource industries. While Norwegian industries may have originated because of foreign technology and expertise, they thrived due to further developments carried out by organisations within Norway. Ranestad looks at how these developments were possible due to the country's high level of human capital, capacity for knowledge absorption and ability to adapt to new global technological and economic circumstances.

This is a thorough revision of the 2007 publication, and includes five new chapters and brings all existing chapters completely up to date. There have been many advances in hydropower and renewable technologies since the original publication, and Europe, and particularly Scandinavia, plan many more in the coming years. From a review of the original edition: "... it is important to note that the author deals well with his selected topics. ... I recommend this book to all readers who wish to learn more about the economics of hydroelectric power." (Amitrajeet A. Batabyal, Interfaces, Vol. 39 (1), January-February, 2009)

The literature and research on environmental and resource economics has exploded in recent years. This major annual publication provides a cutting-edge survey of current research by the leading experts in the field. The Yearbook includes contributions on: * climate change policy * general equilibrium models in environmental and resource economics * hedonic property value techniques for policy and litigation * progress and problems in the economics of sustainability * valuing the health effects of pollution * the economics of carbon sequestration in agricultural soils * tradable permits for air quality * linking environmental ethics and environmental policy.