Following 'Blueprint for a Green Economy' (the Pearce Report),
David Pearce and his team have turned their attention to global
environmental threats. If it makes sense to apply economic analysis
to national environmental problems, then it makes even more sense
to apply it to world-wide dangers. The authors start by describing
the reasons for using economic approaches to common resources like
climate, ozone and biodiversity. They then take a detailed look at
the economic ways of tackling the issues involved in global
warming, ozone layer depletion, environmental degradation in the
Third World, population, rain forests, aid, equity, international
environmental co-operation and what might amount to green foreign
policies. They show not only how to take all these things into
account in economic theory, but also the economic price of failing
to do so. Blueprint 2 is an agenda for international and
governmental economic action.
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