This important book deals with the essential principles of resource and environmental economics, provides applications to contemporary issues in this field, and outlines and assesses policies being used or proposed for managing the use of environmental and natural resources. Covering specific contemporary topics such as agriculture and the environment, water use, greenhouse gas management, biodiversity conservation, tourism and the environment, and environmental economics and health, leading issues in resource and environmental economics are outlined and analyzed in an innovative manner. Institutional economics (both new and traditional) is applied and compared with other approaches such as neoclassical economics, behavioral economics and the Austrian School of Economics. This heterogeneous, multi-perspective approach enables problems to be considered from several different angles, thus enhancing the reader's comprehension of the subject matter. Furthermore, using minimal technical jargon, the book takes into account aspects of modern economic analysis such as the costs of and constraints on decision-making and the transaction costs involved in policy implementation.

1) This is a comprehensive volume on energy security constructions in India. 2) It contains articles by well known scholars in the field like Girijesh Pant, Shebonti Ray Dadwal, S.D. Muni, G.V.C. Naidu etc., and looks at India's eastward engagement and its challenges and opportunities. 3) This book will be of interest to departments of South Asian Studies and East Asian Studies across UK and USA.

1) This is a comprehensive volume on energy security constructions in India. 2) It contains articles by well known scholars in the field like Girijesh Pant, Shebonti Ray Dadwal, S.D. Muni, G.V.C. Naidu etc., and looks at India's eastward engagement and its challenges and opportunities. 3) This book will be of interest to departments of South Asian Studies and East Asian Studies across UK and USA.

This book covers available approaches to improving the performance and impact of long-term projections of the national energy sector development. In turn, it introduces an original multi-stage approach to narrowing down the uncertainty range of the input data and resulting projections. Its unique contribution is that it limits the scope for each of the projection timeframe segments step-by-step. This is done in the course of iterative calculations, which employ dedicated methods and other tools to elucidate and solve top-priority problems specific to each time segment. In closing, the book provides a detailed treatment of two essential research problems: 1) long-term forecasting for regional energy markets, and 2) the quantitative assessment of a) the barriers that are likely to hinder energy sector development and b) strategic-level energy security threats.

The Intergovernmental Panel on Climate change (IPCC) was jointly established by the World Meteorological Organization (WMO) and the United Nations Envir- ment Programme (UNEP) to assess the scientific, technical and socio-economic information relevant for the understanding of the risk of human-induced climate change. Since its inception the IPCC has produced a series of comprehensive - sessment Reports, Special Reports and Technical Papers on the state of the und- standing of causes of climate change, its potential impacts, and options for response strategies. In 1998, Working Group III (WG III) of the ongoing Third Assessment was charged by the IPCC Plenary to assess the scientific, technical, environmental, economic and social aspects of the mitigation of climate change and a series of cross-cutting issues such as equity, development and sustainability. Its mandate was changed from a predominantly disciplinary assessment of the economic and social dimensions of climate change in the Second Assessment Report to an interdisciplinary assessment of the options to control the emissions of greenhouse gases and/or enhance their sinks. One key issue of the IPCC Third Assessment Report (TAR) on mitigation of climate change, which has undergone an extensive review by scientists and governments, is the role of present and future behaviour of individuals, households, private and p- lic companies, public authorities and other stakeholders.

This title includes a number of Open Access chapters. Because cities are such complex systems, creating sustainable urban environments is a challenging goal. No single strategy-or even several strategies-will be enough to achieve tomorrow's healthy and sustainable cities. The challenges resist compartmentalization, because the factors intersect and overlap. The articles in this compendium were chosen to expand the understanding of these complicated issues in a non-linear way. The editor has selected research in the following topics: improving urban air quality; municipal solid waste alternatives; municipal water management; reducing urban energy consumption.

This title includes a number of Open Access chapters. Two trends come together in the world's cities to make urban sustainability a critical issue today. First, greater and greater numbers of people are living in urban areas-and are projected to do so for the foreseeable future. Additionally, cities contribute to climate change in a significant way and must make systemic changes to mitigate and adapt to climate change effects. Urban planners face serious challenges in enhancing sustainability but also have an important set of tools available for creating innovative solutions. This book adds to the conversation about the place of urban planning in the creation and maintenance of sustainable cities.

This book highlights the challenges faced by renewable energy enterprises (REEs) in emerging markets, by reflecting on the enterprises' own stories and experiences. Research into REEs has focused largely on successful businesses and business models, and developed markets. With significant opportunities for renewable energy enterprise in emerging markets, this book presents a unique business-level perspective. It highlights the key barriers and outlines the strategic and operational solutions for success articulated by the entrepreneurs themselves. The research draws on interviews with entrepreneurs in twenty-eight emerging markets, including Barbados, Cambodia, Chile, Ghana, Indonesia, India, Kenya, South Africa and Uganda. The book concludes by summarising the key solutions for success and illustrating how successful REEs put them into practice. This book will be of great interest to students and scholars of renewable energy, sustainable business and the sustainability agenda in emerging markets.

This book considers the concept of 'value' at the root of our actions and decision-making. Value is an ever-present, yet little interrogated aspect of everyday life. This book explores value as it is theorised, practiced and critiqued from a variety of disciplinary perspectives. It examines how value is operationalized, endorsed and contested in contemporary society. With international insights from leading scholars, chapters offer a diverse and vibrant geographical engagement with value to showcase its conceptual flexibility. The book explores value's eclectic epistemic foundations; it's 'roll-out' and legitimation across a range of policy fields; and its challenges and opportunities. The book draws on global examples of value in practice: from forest conservation in Indonesia; protected area management in arctic Norway; a state park in the US; certification schemes for biodiversity in the UK; protection of the international night sky; heritage planning in East Taiwan; a re-developed airport site in Norway; a, local food networks in Canada and the UK; a market in the US and urban development in China. The book will be of interest to human geographers, political ecologists, heritage scholars and practitioners, planners and those working in public policy, as well as practitioners and policy makers interested in how valuation processes work.

The book is meant to improve our understanding of sustainable development of production and consumption. Monetary values of the impact of emission and resources are determined, and used in environmental management, with a focus on sustainability. Values related to cultural context are not possible to predict, therefore ignored. The book only focuses on environmental goods and services that are used to satisfy basic human needs. One of the benefits of monetary valuation is its holistic approach. The impact of any contributing factor on the total value, can be determined, and the sensitivity to uncertainty in inputs can be estimated. This is useful in developing knowledge, where it is most needed. In a society, there are many economic units which need to function in tandem to support human welfare. Each unit has its own system boundary in what it includes and covers in time and space. The system boundary of a sustainable unit is likely to be very long and wide. This book provides data on long term monetary values of environmental impacts from human activities. It discusses the choice of system boundaries, and how to use monetary values in sustainable development. A large part of the book describes impact models in terms of the relation between emissions and natural goods and services.

This book explains how the U.S. federal system manages environmental health issues, with a unique focus on risk management and human health outcomes. Building on a generic approach for understanding human health risk, this book shows how federalism has evolved in response to environmental health problems, political and ideological variations in Washington D.C, as well as in-state and local governments. It examines laws, rules and regulations, showing how they stretch or fail to adapt to environmental health challenges. Emphasis is placed on human health and safety risk and how decisions have been influenced by environmental health information. The authors review different forms of federalism, and analyse how it has had to adapt to ever evolving environmental health hazards, such as global climate change, nanomaterials, nuclear waste, fresh air and water, as well as examining the impact of robotics and artificial intelligence on worker environmental health. They demonstrate the process for assessing hazard information and the process for federalism risk management, and subsequently arguing that human health and safety should receive greater attention. This book will be essential reading for students and scholars working on environmental health and environmental policy, particularly from a public health, and risk management viewpoint, in addition to practitioners and policymakers involved in environmental management and public policy.

Energy issues feature frequently in the economic and financial press. Specific examples of topical energy issues come from around the globe and often concern economics and finance. The importance of energy production, consumption and trade raises fundamental economic issues that impact the global economy and financial markets. This volume presents research on energy economics and financial markets related to the themes of supply and demand, environmental impact and renewables, energy derivatives trading, and finance and energy. The contributions by experts in their fields take a global perspective, as well as presenting cases from various countries and continents.

Pricing Carbon Emissions provides an economic critique on the utopian idea of a uniform carbon price for addressing rising carbon emissions, exposing the flaws in the economic propositions with a key focus on the EU's Emissions Trading System (ETS). After an Executive Summary of the contents, the chapters build up understanding of orthodox economics' role in protecting the neoliberal paradigm. A salient case, the ETS is successful in shielding the Business-as-Usual activities of the EU's industry, however this book argues that the system fails in creating innovation for decarbonizing production technologies. A subsequent political economy analysis by the author points to the discursive power of giant fossil fuel and electricity companies keeping up a facade of Cap-and-Trade utopia and hiding the reality of free permit donations and administrative price control, concealing financial bills mostly paid by household electricity customers. The twilights between reality and utopia in the EU's ETS are exposed, concluding an immediate end of the system is necessary for effective and just climate policy. The work argues that the proposition of shifting to a global uniform carbon tax is equally utopian. In practice, a uniform price applied on heterogeneous cases is not a source of benefits but one of ad-hoc adjustments, exceptions, and exemptions. Carbon pricing does not induce innovation, however assumed by the economic models used by IPCC for advising global climate policy. Thus, it is persuasively demonstrated by the author that these schemes are doomed to failure and room and resources need to be created for more effective and just climate politics. The book's conclusion is based on economic arguments, complementing the critique of political scientists. This book is written for a broad audience interested in climate policy eager to understand why decarbonizing progress is slow as it is. It marks a significant addition to the literature on climate politics, carbon pricing and the political economy of the environment more broadly. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Too often, economics disassociates humans from nature, the economy from the biosphere that contains it, and sustainability from fairness. When economists do engage with environmental issues, they typically reduce their analysis to a science of efficiency that leaves aside issues of distributional analysis and justice. The aim of this lucid textbook is to provide a framework that prioritizes human well-being within the limits of the biosphere, and to rethink economic analysis and policy in the light of not just efficiency but equity. Leading economist Eloi Laurent systematically ties together sustainability and justice issues in covering a wide range of topics, from biodiversity and ecosystems, energy and climate change, environmental health and environmental justice, to new indicators of well-being and sustainability beyond GDP and growth, social-ecological transition, and sustainable urban systems. This book equips readers with ideas and tools from various disciplines alongside economics, such as history, political science, and philosophy, and invites them to apply those insights in order to understand and eventually tackle pressing twenty-first-century challenges. It will be an invaluable resource for students of environmental economics and policy, and sustainable development.

This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries. The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.

The economic upturn and performance of Mauritius is a far cry from predictions made in the 1960s. The island's remarkable economic performance since the 1980s can been attributed to a multitude of factors instrumental to the success of the economy, including structural reforms, outward looking export orientated strategies, diversification in the manufacturing, tourism and financial services sectors amongst others, sound economic governance and institutions, and significant investment in human capital. This book attempts to provide a detailed analysis of the various key ingredients which have helped to propel Mauritius to its current status. The various chapters provide important readings for both academics and policymakers, with the final chapter providing key policy strategies which the government needs to implement to help Mauritius graduate to the next level of development: namely to that of a high-income economy and, in moving out of the middle-income trap, laying the foundations for future growth and shared prosperity in the light of both domestic challenges and global constraints.

Presenting a comprehensive analysis of the use of alternative sources of energy and technologies to produce fuels and power, this book describes the energy value chain from harvesting the raw material, (i.e solar, wind, biomass or shale gas) followed by analysis of the processing steps into power, fuels and/or chemicals and finally the distribution of the products. Featuring an examination of the techno-economic processes and integration opportunities which can add value to by-products or promote the use of different sources of energy within the same facility, this book looks at the tools that can make this integration possible as well as utilising a real world case study. The case study of the operation of "El hierro" island is used as an example of the current effort towards more efficient use of the resources available. Tackling head on the open challenges of the supply, the variability of the source and its prediction, the description of novel processes that are being developed and evaluated for their transformation as well as how we can distribute them to the consumer and how we can integrate the new chemicals, fuels and power within the current system and infrastructure, the book takes a process based perspective with such an approach able to help us in the use and integration of these sources of energy and novel technologies.

Ethics for Environmental Policy reviews recent work in the field of environmental ethics. The text examines ways in which ethical frames of reference and decision principles are invoked in policy debates related to environmental protection, and how the integration of thought regarding conduct ethics and virtue ethics is essential for application of theory to practice. The third edition opens with two new chapters. The first presents an overview of ethical theory with emphasis on the role of ethical analysis and critique in framing debate on contemporary environmental problems. The second addresses issues at the forefront of this debate with emphasis on views and institutional responses to climate change, biodiversity loss, and the volume of pollutants and hazardous waste generated in industrial society. The book explores how the relationship between humans and the natural world has been conceived in various cultural traditions throughout history, followed by an examination of an attitudinal orientation toward nature grounded in respect, humility, gratitude, and responsibility. Positions on the moral status of non-human biotic entities are presented from several theoretical perspectives. The final chapters address issues related to the preservation, protection, and sustainable use of resources and the respective roles played by markets, government, and activist non-governmental organizations.

This book explores the causes and consequences of market failure in bridging societal differences to create a shared economy. It questions the current world order and evaluates socio-economic gains in reference to the social origins of the economic agents. With a need to counterbalance economic growth with social equality and environmental sustainability, the book proposes innovative approaches to address key questions on the contemporary global economy such as, "Is the Global socio-economic order supportive of the pursuit of rational and enlightened self -interest?", "Is it a unipolar power centre and neoliberal economic policy regime?", "Can the system reinvent itself?", etc. One approach encourages going back to the golden past and making things "great again", insisting that history has ended and the failures of old global institutions be blamed on the "Clash of Civilizations". Another approach advocates giving up the intellectual comfort zone of elegant but irrelevant neo-liberal explanations of global challenges and asking new questions that take academic debate to the public square. The book examines the internal challenges and contradictions that cause disintegration and proposes alternative ideas and practices in moving the global community beyond the free market regime. The book will appeal to students and academics of development studies, political economy, political science, sociology, as well as policymakers and public opinion makers interested in creating a new egalitarian global society.

This book provides an integrated approach to the assessment of seismic hazards. The reduction of losses expected by future earthquakes is probably the most important contribution of seismology to society. Large earthquakes occurred in densely populated areas highlight the dramatic inadequacy of a massive portion of the buildings demonstrating the high risks of modern industrial societies. Building earthquake-resistant structures and retrofitting old buildings on a national scale can be extremely expensive and can represent an economic challenge even for developed western countries. Earthquakes can cause also several psychological problems due to the fact that such kind of disasters will result in casualties, collapsing of houses, strategic buildings and facilities and deeply affect a community. Moreover in our society it is necessary to properly plan emergency responses and rescues taking into account any possible secondary effect in order to avoid more casualties.

This book examines the global scope of tourism-related grabbing of land and other natural resources. Tourism is often presented as a peaceful and benevolent sector that brings people from different cultural backgrounds together and contributes to employment, poverty alleviation, and global sustainable development. This book sheds light on the lesser known and much darker side of tourism as it unfolds in the Global South. While there is no doubt that tourism has been an engine of economic growth for many so-called developing countries, this has often come at the cost of widespread dispossession and displacement of Indigenous and non-indigenous communities. In many countries of the Global South, tourism development is increasingly prioritised by governments, businesses, international financial institutions and donors over the legitimate land and resource rights of local people. This book examines the actors, drivers, mechanisms, discourses and impacts of tourism-related land grabbing and displacement, drawing on more than thirty case studies from Latin America and the Caribbean, sub-Saharan Africa, South and Southeast Asia, the Middle East and the Southwest Pacific. The book provides solid grounds for an informed debate on how different actors are responsible for the adverse impacts of tourism on land rights infringements, what forms of resistance have been deployed against tourism-related land grabs and displacement, and how those who have violated local land and resource rights can be held accountable. Tourism, Land Grabs and Displacement will be essential reading for students and scholars of land and resource grabbing, tourism studies, development studies and sustainable development more broadly, as well as policymakers and practitioners working in those fields.

This book examines green management practices among top-performing companies operating on the Chinese mainland. It begins with the question: what constitutes a "green" company? Is this definition different when we consider China's sustainability efforts? Taken into consideration are such aspects as green management vision, supplier management programs, resource usage and investment in the environment. Through in-depth interviews with sustainability leaders and top executives, this Green Management Book will reveal how to systematically create or improve existing green management strategies in China. It uses actual case studies from domestic and foreign companies to highlight these practices. Over 2 years of extensive research - working with the research board of the Fortune China CSR rankings and China-based CSR strategy platform InnoCSR - contribute to a comprehensive list of companies that are leading the way towards a greener China.

Originally published in 1992 Economics for the Wilds argues that an economics that properly values the resources of the wilds offers the best long-term security for their future. Most of the world's wilds have, in fact, always been utilized by local societies who have managed their resources sustainably, and one important guarantee for their preservation is therefore the continued participation of those communities and an adequate reward to them for their management. The book looks at the complexity and global nature of the issues, at the application of economics to the wilds and at the policies for their conservation and sustainable management which then result. It also examines specific forms of utilization of wild species and habitats, both sustainable and unsustainable, and including community-based development, tourism, the use of rainforest products, poaching and the impact of conservation on wildlife use. The book concludes that a comprehensive utilization strategy for wild resources is needed to ensure their continued existence and the continued flow of benefits from them.

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It's time for MPT to evolve. The authors propose a new imperative to improve finance's ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT's focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.