Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of environmental policy from hierarchy to market. But how is this change reflected in management processes, decisions and organizational structures? The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes, review schemes that have been implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies which have resulted from the new policy framework.

Climate change is one of the biggest challenges for mankind. Although there is increasing evidence that climate change is already occurring, there is neither sufficient knowledge as to what extent climate change poses risks to societies and companies, nor about adequate strategies to cope with these risks.

Bringing together an international group of scholars from environmental economics, political science and business, this book describes, analyses and evaluates climate change risks and responses of societies and companies. The book contributes to the question of how climate change can be mitigated by discussing efficient and effective design of mitigation measures, in particular emissions trading and clean development mechanism (CDM). Placing special emphasis on the impact of climate change risks on business, the book investigates in which way selected sectors of the economy are affected and what measures they can undertake to adapt to climate change risks.

The book concentrates on Latin America, where urbanization is most advanced. It provides an indepths study of one particular city, Santiago de Chile, to study the complexity of a 'mega-urban system' and to explore interrelations between sectors and issues. The book attempts to (i) focus on the emergence of risk in megacities by analyzing risk elements, (ii) evaluating the extent and severity of risks, (iii) developing strategies to cope with adverse risks, and (iv) to guide urban development by combining concepts with empirical evidence.

The content draws on interdisciplinary work carried out by a research consortium of the German Helmholtz Association, partners from Universities in Chile and Germany, the UN Economic Commission for Latin America and the Caribbean and praxis partners. The book is written for scholars in cross-cutting areas of urban, sustainability, hazard, governance and planning research, as well as practitioners from local, regional and international organizations.

Emissions trading (ET) challenges business managers in an entirely new manner, changing the criteria by which environmental policy steers management decisions from hierarchical to monetary. The 24 contributions to this volume discuss ET theoretically and empirically in these broad topic areas: 1) Institutional design, decision making and innovation; 2) Investment and management strategies; 3) ET and business administration and 4) Effects of existing and emerging ET schemes.

This book addresses the complexity of urbanization, impacts of climate change and climate change adaptation for the metropolitan region of Santiago de Chile, with a special focus on the most pressing issues of natural hazards, water and energy supply. The book exemplifies a conceptual approach for the development of adaptation measures, their evaluation and implementation in a decision support framework at the science-policy interface. It builds on scientific analyses ofsocial and natural scientists, a participatory process with local authorities and a mutual learning network between large agglomerations in Latin America. The book is written for scholars of urban management, climate change, planning, governance and hazard research, as well as practitioners in local, regional and international organizations concerned with climate change, climate change impacts, and adaptation in metropolitan regions. While the regional focus is on Latin America the concepts and lessons learned are applicable and relevant to megacities around the world. "

Permit trading is an environmental policy instrument that has received increasing levels of attention over recent years. Coming from the field of air quality management, with the European CO2 emissions trading system being the most prominent example, it enters new fields of application, such as land use policy and biodiversity protection, water quality and water quantity trading. This book gives an overview of these recent developments and discusses the possibilities and limits of permit trading in environmental policies. The advantages of permit trading are not only seen with respect to economic efficiency, which leads to achieving the environmental target at minimum cost, but also with respect to the instrument's environmental effectiveness. By setting a cap for the overall emissions, a given environmental target can be met. This makes permit trading an interesting case for many environmental fields where safeguarding the environmental target plays a dominant role. Against this background, permit trading is discussed in environmental policy fields, where it has not been considered before, for example, land use management, biodiversity protection and water trading. Permit Trading in Different Applications analyses the properties of permit trading: its possibilities and limitations, its design options and its restrictions on a more general level. It demonstrates how lessons learnt in established policy fields like air quality management can be transferred to new and emerging fields of application. This collection will provide students and practitioners in environmental sciences and policy with valuable research into instrument choice and design with respect to permit trading.

Permit trading is an environmental policy instrument that has received increasing levels of attention over recent years. Coming from the field of air quality management, with the European CO2 emissions trading system being the most prominent example, it enters new fields of application, such as land use policy and biodiversity protection, water quality and water quantity trading. This book gives an overview of these recent developments and discusses the possibilities and limits of permit trading in environmental policies. The advantages of permit trading are not only seen with respect to economic efficiency, which leads to achieving the environmental target at minimum cost, but also with respect to the instrument's environmental effectiveness. By setting a cap for the overall emissions, a given environmental target can be met. This makes permit trading an interesting case for many environmental fields where safeguarding the environmental target plays a dominant role. Against this background, permit trading is discussed in environmental policy fields, where it has not been considered before, for example, land use management, biodiversity protection and water trading. Permit Trading in Different Applications analyses the properties of permit trading: its possibilities and limitations, its design options and its restrictions on a more general level. It demonstrates how lessons learnt in established policy fields like air quality management can be transferred to new and emerging fields of application. This collection will provide students and practitioners in environmental sciences and policy with valuable research into instrument choice and design with respect to permit trading.

The 1997 Kyoto Conference introduced emissions trading as a policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book, which was originally published in 2005, provides a description, analysis and evaluation of different aspects of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and the foundation of systems in Europe, particularly the EU's directive for a CO2 emissions trading system.

Emissions trading challenges the management of companies in an entirely new manner: Not only does it, like other market-based environmental policy instruments, allow for a bigger flexibility in management decisions concerning emission issues. More importantly, it shifts the mode of governance of environmental policy from hierarchy to market. But how is this change reflected in management processes, decisions and organizational structures? The contributions in this book discuss the theoretical implications of different institutional designs of emissions trading schemes, review schemes that have been implemented in the US and Europe, and evaluate the range of investment decisions and corporate strategies which have resulted from the new policy framework.

Megacity development and the inherent risks and opportunities for humans and the environment is a theme of growing urgency in the 21st century. Focusing on Latin America where urbanization is most advanced, this book studies the complexity of a 'mega-urban system' and explores interrelations between sectors and issues by providing an in-depths study of one particular city, Santiago de Chile. The book attempts to (i) focus on the emergence of risk in megacities by analyzing risk elements, (ii) evaluate the extent and severity of risks, (iii) develop strategies to cope with adverse risks, and (iv) to guide urban development by combining concepts with empirical evidence. Drawing on the work of an interdisciplinary and international consortium of academic and professional partners, the book is written for scholars in cross-cutting areas of urban, sustainability, hazard, governance and planning research as well as practitioners from local, regional and international organizations.

The 1997 Kyoto Conference introduced emissions trading as a policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book, which was originally published in 2005, provides a description, analysis and evaluation of different aspects of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and the foundation of systems in Europe, particularly the EU's directive for a CO2 emissions trading system.

Emissions trading (ET) challenges business managers in an entirely new manner, changing the criteria by which environmental policy steers management decisions from hierarchical to monetary. The 24 contributions to this volume discuss ET theoretically and empirically in these broad topic areas: 1) Institutional design, decision making and innovation; 2) Investment and management strategies; 3) ET and business administration and 4) Effects of existing and emerging ET schemes.

Climate change is one of the biggest challenges for mankind. Although there is increasing evidence that climate change is already occurring, there is neither sufficient knowledge as to what extent climate change poses risks to societies and companies, nor about adequate strategies to cope with these risks.

Bringing together an international group of scholars from environmental economics, political science and business, this book describes, analyses and evaluates climate change risks and responses of societies and companies. The book contributes to the question of how climate change can be mitigated by discussing efficient and effective design of mitigation measures, in particular emissions trading and clean development mechanism (CDM). Placing special emphasis on the impact of climate change risks on business, the book investigates in which way selected sectors of the economy are affected and what measures they can undertake to adapt to climate change risks.

In diesem essential beschreiben Bernd Hansjurgens und Urs Moesenfechtel die Dringlichkeit eines Perspektivenwechsels bei unserem Umgang mit der Natur. Sie schlagen dazu eine oekonomische Inwertsetzung von OEkosystemleistungen vor und zeigen auf, welche Handlungsmoeglichkeiten dieser Ansatz dem Naturschutz eroeffnet.

Die europ ische Chemikalienregulierung steht auf dem Pr fstand. Mit dem kontrovers diskutierten REACH-System soll einerseits ein Beitrag zu einem verbesserten Gesundheits-, Umwelt- und Verbraucherschutz geleistet werden, andererseits sollen Innovationen in den europ ischen Volkswirtschaften nicht behindert werden, um wirtschaftliche Entwicklung und Wohlstand zu erm glichen. Der vorliegende Band analysiert die Bestimmungsgr nde f r Innovationen zum nachhaltigen Wirtschaften, untersucht die Effektivit t und die Innovationswirkungen der bestehenden Chemikalienregulierung sowie des neuen REACH-Systems, diskutiert Verfahren der Risikobewertung und entwickelt Vorschl ge zu alternativen Regelungsformen. Das Buch richtet sich sowohl an Wissenschaftler und Studierende, die an Innovationstheorie interessiert sind, als auch an Praktiker im Bereich der europ ischen Chemikalienpolitik.