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The world has witnessed extraordinary economic growth, poverty
reduction and increased life expectancy and population since the
end of WWII, but it has occurred at the expense of undermining life
support systems on Earth and subjecting future generations to the
real risk of destabilising the planet. This timely book exposes and
explores this colossal environmental cost and the dangerous
position the world is now in. Standing up for a Sustainable World
is written by and about key individuals who have not only
understood the threats to our planet, but also become witness to
them and confronted them. Combining the voices of leading academics
as well as climate change and environmental activists,
entrepreneurs and investors, the book highlights the urgent action
that needs to be taken to foster sustainable, resilient and
inclusive development in the face of powerful systemic forces.
Chapters look ahead to a better path for human wellbeing, security
and dignity, offering insight to ways this can be created. The book
as a whole shares the visions and hopes of those fighting in a
myriad of ways to make a sustainable world, attempting to tip the
balance away from the crushing loss of biodiversity, rising sea
levels and increasing global mean temperature, whilst increasing
living standards across all dimensions, particularly for the
poorest people. An imperative read for those concerned about the
future of our planet, this book showcases not only why urgent
action is now imperative, but also what changes are necessary for a
sustainable, resilient and equitable world. It offers crucial
insights for those interested in the dynamics of political action,
in how change occurs, and in effective communication. Environmental
economics, as well as environmental studies and human geography
students and scholars more broadly will find this an invigorating
read.
The world has witnessed extraordinary economic growth, poverty
reduction and increased life expectancy and population since the
end of WWII, but it has occurred at the expense of undermining life
support systems on Earth and subjecting future generations to the
real risk of destabilising the planet. This timely book exposes and
explores this colossal environmental cost and the dangerous
position the world is now in. Standing up for a Sustainable World
is written by and about key individuals who have not only
understood the threats to our planet, but also become witness to
them and confronted them. Combining the voices of leading academics
as well as climate change and environmental activists,
entrepreneurs and investors, the book highlights the urgent action
that needs to be taken to foster sustainable, resilient and
inclusive development in the face of powerful systemic forces.
Chapters look ahead to a better path for human wellbeing, security
and dignity, offering insight to ways this can be created. The book
as a whole shares the visions and hopes of those fighting in a
myriad of ways to make a sustainable world, attempting to tip the
balance away from the crushing loss of biodiversity, rising sea
levels and increasing global mean temperature, whilst increasing
living standards across all dimensions, particularly for the
poorest people. An imperative read for those concerned about the
future of our planet, this book showcases not only why urgent
action is now imperative, but also what changes are necessary for a
sustainable, resilient and equitable world. It offers crucial
insights for those interested in the dynamics of political action,
in how change occurs, and in effective communication. Environmental
economics, as well as environmental studies and human geography
students and scholars more broadly will find this an invigorating
read.
Winner of the Choice Outstanding Academic Titles of 2010 award.
This book is a comprehensive and accessible guide to understanding
the opportunities offered by regulated and voluntary carbon markets
for tackling climate change. Coverage includes: - An overview of
the problem of climate change, with a concise review of the most
recent scientific evidence in different fields - A highly
accessible introduction to the economic theory and different
constitutive elements of a carbon allowances market - Explanation
of the Kyoto Protocol and its flexibility mechanisms - Explanation
of how the EU Emissions Trading Scheme works in practice - Ongoing
developments in regulated carbon markets in the US -
Up-to-the-minute coverage of regulated carbon markets in Australia
- Developments in New Zealand and Japan - Carbon offsetting and
voluntary carbon markets. Combining theoretical aspects with
practical applications, this book is for business leaders,
financiers, carbon traders, lawyers, bankers, researchers, policy
makers and anyone interested in market mechanisms to mitigate
climate change. The carbon emissions resulting from the production
of this book have been calculated, reduced and offset to render the
bookcarbon neutral. Published with CO2 Neutral
Drawing on the work of leading researchers and practitioners from a
range of disciplines, including economic geography, economics,
economic history, finance, law, and public policy, this edited
collection provides a comprehensive assessment of stranded assets
and the environment, covering the fundamental issues and debates,
including climate change and societal responses to environmental
change, as well as its origins and theoretical basis. The volume
provides much needed clarity as the discourse on stranded assets
gathers further momentum. In addition to drawing on scholarly
contributions, there are chapters from practitioners and analysts
to provide a range of critical perspectives. While chapters have
been written as important standalone contributions, the book is
intended to systematically take the reader through the key
dimensions of stranded assets as a topic of research inquiry and
practice. The work adopts a broad based social science perspective
for setting out what stranded assets are, why they are relevant,
and how they might inform the decision-making of firms, investors,
policymakers, and regulators. The topic of stranded assets is
inherently multi-disciplinary, cross-sectoral, and
multi-jurisdictional and the volume reflects this diversity. This
book will be of great relevance to scholars, practitioners and
policymakers with an interest in include economics, business and
development studies, climate policy and environmental studies in
general.
China faces many modernization challenges, but perhaps none is more
pressing than that posed by climate change. China must find a new
economic growth model that is simultaneously environmentally
sustainable, can free it from its dependency on fossil fuels, and
lift living standards for the majority of its population. But what
does such a model look like? And how can China best make the
transition from its present macro-economic structure to a
low-carbon future? This ground-breaking economic study, led by the
Stockholm Environment Institute and the Chinese Economists 50
Forum, brings together leading international thinkers in economics,
climate change, and development, to tackle some of the most
challenging issues relating to China's low-carbon development. This
study maps out a deep carbon reduction scenario and analyzes
economic policies that shift carbon use, and shows how China can
take strong and decisive action to make deep reductions in carbon
emission over the next forty years while maintaining high economic
growth and minimizing adverse effects of a low-carbon transition.
Moreover, these reductions can be achieved within the finite global
carbon budget for greenhouse gas emissions, as determined by the
hard constraints of climate science. The authors make the
compelling case that a transition to a low-carbon economy is an
essential part of China's development and modernization. Such a
transformation would also present opportunities for China to
improve its energy security and move its economy higher up the
international value chain. They argue that even in these difficult
economic times, climate change action may present more
opportunities than costs. Such a transformation, for China and the
rest of the world, will not be easy. But it is possible, necessary
and worthwhile to pursue.
Drawing on the work of leading researchers and practitioners from a
range of disciplines, including economic geography, economics,
economic history, finance, law, and public policy, this edited
collection provides a comprehensive assessment of stranded assets
and the environment, covering the fundamental issues and debates,
including climate change and societal responses to environmental
change, as well as its origins and theoretical basis. The volume
provides much needed clarity as the discourse on stranded assets
gathers further momentum. In addition to drawing on scholarly
contributions, there are chapters from practitioners and analysts
to provide a range of critical perspectives. While chapters have
been written as important standalone contributions, the book is
intended to systematically take the reader through the key
dimensions of stranded assets as a topic of research inquiry and
practice. The work adopts a broad based social science perspective
for setting out what stranded assets are, why they are relevant,
and how they might inform the decision-making of firms, investors,
policymakers, and regulators. The topic of stranded assets is
inherently multi-disciplinary, cross-sectoral, and
multi-jurisdictional and the volume reflects this diversity. This
book will be of great relevance to scholars, practitioners and
policymakers with an interest in include economics, business and
development studies, climate policy and environmental studies in
general.
The Annual World Bank Conference on Development Economics (ABCDE)
brings together the world's finest development thinkers to present
their perspectives and ideas. In recent years, a parallel, second
conference has been held in Europe with the same goal of expanding
the flow of ideas between thinkers, practitioners, and policymakers
in the field of international development. ABCDE Europe 2003
presents selected papers from the fourth annual ABCDE Europe
meetings, held June 24-26, 2002, in Oslo, Norway. Hosted by the
World Bank and the Chr. Michelsen Institute, more than 350 eminent
scholars and practitioners from 50 countries met to deliberate on
the theme 'Towards Pro-Poor Policies'. The papers from sessions on
aid, institutions, and globalization provide both a general
overview of links between poverty, inequality, and growth, and
address specific topics such as the Heavily Indebted Poor Countries
Initiative for debt reduction. All consider the role of policies
and institutions in development and poverty reduction. IN THIS
VOLUME: An overview by Bertil Tungodden, Ivar Kolstad, and Nicholas
Stern; papers on aid by Nicholas Stern, David Roland-Holst and Finn
Tarp, Stephan Klasen, Lisa Chauvet and Patrick Guillaumont, and
Jean-Pierre Cling, Mireille Razafindrakoto, and Francois Roubaud;
papers on institutions by Mariano Tommasi, Mushtaq Khan, David
Dunham, Stanley Engerman and Kenneth Sokoloff, Karla Hoff and
Joseph Stiglitz; and papers on globalization by Jomo Sundaram, John
Dunning, Antonio Spilimbergo, Juan Luis Londono, and Miguel
Szekely, Andres Solimano, and Oded Stark."
The speeches in this collection-all delivered since Nicholas Stern
became Chief Economist of the World Bank in July 2000-reflect
insights that Mr. Stern has gained over more than three decades of
study and work in development economics. Together they provide an
analysis of development experience and an agenda for action in the
coming years. In his introduction, the author explains the
evolution of his ideas, starting with early work in Africa and
India, within the larger context of changes in development thinking
and strategy. The speeches that follow draw on his varied
experience and on the research findings and operational experience
of the World Bank. The first speech provides an overview of the
past five decades of development. Speeches that follow explore
current development issues in India, Indonesia, Pakistan, and
China. A strategy for development is then outlined: building an
economic climate that facilitates investment and growth, and
empowering poor people to participate in that growth. A concluding
speech examines the role of the international financial
institutions in promoting investment and overcoming poverty.
Winner of the Choice Outstanding Academic Titles of 2010 award.
This book is a comprehensive and accessible guide to understanding
the opportunities offered by regulated and voluntary carbon markets
for tackling climate change. Coverage includes: - An overview of
the problem of climate change, with a concise review of the most
recent scientific evidence in different fields - A highly
accessible introduction to the economic theory and different
constitutive elements of a carbon allowances market - Explanation
of the Kyoto Protocol and its flexibility mechanisms - Explanation
of how the EU Emissions Trading Scheme works in practice - Ongoing
developments in regulated carbon markets in the US -
Up-to-the-minute coverage of regulated carbon markets in Australia
- Developments in New Zealand and Japan - Carbon offsetting and
voluntary carbon markets. Combining theoretical aspects with
practical applications, this book is for business leaders,
financiers, carbon traders, lawyers, bankers, researchers, policy
makers and anyone interested in market mechanisms to mitigate
climate change. The carbon emissions resulting from the production
of this book have been calculated, reduced and offset to render the
book carbon neutral . Published with CO2 Neutral
An urgent case for climate change action that forcefully sets out,
in economic, ethical, and political terms, the dangers of delay and
the benefits of action. The risks of climate change are potentially
immense. The benefits of taking action are also clear: we can see
that economic development, reduced emissions, and creative
adaptation go hand in hand. A committed and strong low-carbon
transition could trigger a new wave of economic and technological
transformation and investment, a new era of global and sustainable
prosperity. Why, then, are we waiting? In this book, Nicholas Stern
explains why, notwithstanding the great attractions of a new path,
it has been so difficult to tackle climate change effectively. He
makes a compelling case for climate action now and sets out the
forms that action should take. Stern argues that the risks and
costs of climate change are worse than estimated in the landmark
Stern Review in 2006-and far worse than implied by standard
economic models. He reminds us that we have a choice. We can rely
on past technologies, methods, and institutions-or we can embrace
change, innovation, and international collaboration. The first
might bring us some short-term growth but would lead eventually to
chaos, conflict, and destruction. The second could bring about
better lives for all and growth that is sustainable over the long
term, and help win the battle against worldwide poverty. The
science warns of the dangers of neglect; the economics and
technology show what we can do and the great benefits that will
follow; an examination of the ethics points strongly to a moral
imperative for action. Why are we waiting?
The year 2015 will be a landmark year for international climate
change negotiations. Governments have agreed to adopt a universal
legal agreement on climate change at the 21st Conference of Parties
(COP21) to the United Nations Framework Convention on Climate
Change (UNFCCC) in Paris in 2015. The agreement will come into
force no later than 2020.This book focuses on the prospects for
global agreement, how to encourage compliance with any such
agreement and perspectives of key players in the negotiations - the
United States, India, China, and the EU. It finds that there is
strong commitment to the established UN institutions and processes
within which the search for further agreed actions will occur.
There are already a myriad of local and regional policies that are
helping to reduce greenhouse gas emissions and build mutual
confidence. However, the chapters in the book also highlight
potential areas of discord. For instance, varying interpretations
of the "common but differentiated responsibilities" of developing
countries, agreed as part of the UNFCCC, could be a major sticking
point for negotiators. When combined with other issues, such as the
choice of consumption or production as the basis for mitigation
commitments, the appropriate time frame and base date for their
measurement and whether level or intensity commitments are to be
negotiated, the challenges that need to be overcome are
considerable. The authors bring to bear insights from economics,
public finance and game theory.
This book provides an account of economic development in Palanpur,
a village in rural North India, based on five detailed surveys of
the village over the period 1957 to 1993. These five decades have
seen economic well-being rise in some important respects, but
stagnation and even decline in other areas. The analysis presented
here focuses on the reasons behind this uneven progress. The
authors tie in the background issues of the evolution of poverty
and inequality and mobility over time with causal factors such as
technological progress, demographic and sectoral changes, the
operation of markets, and the role of public action. The richness
and unique nature of the qualitative and quantitative data
collected and presented by Lanjouw and Stern yields an analysis
which illuminates questions of direct importance to researchers in
a wide variety of disciplines.
This 1991 study approaches the subject of tax reform from basic
economic principles. The objectives are to develop guidelines for
the design of tax policy; to show how the principles can structure
systematic research into tax reform in terms of the consequences
for households, producers and government; and finally, to combine
the guidelines and applied research into a practical tax package
for Pakistan. Professors Ahmad and Stern provide a coherent
framework to show how principles can be formulated, applied
research structured, and policies developed and appraised in a
systematic manner. This book will be useful to graduate students,
academic economists, and professional economists in international
organisations and governments interested in public policy and
development planning. The careful application of the ideas
presented here should lead to a real improvement in the development
of policy and to further empirical and theoretical research.
This 1991 study approaches the subject of tax reform from basic
economic principles. The objectives are to develop guidelines for
the design of tax policy; to show how the principles can structure
systematic research into tax reform in terms of the consequences
for households, producers and government; and finally, to combine
the guidelines and applied research into a practical tax package
for Pakistan. Professors Ahmad and Stern provide a coherent
framework to show how principles can be formulated, applied
research structured, and policies developed and appraised in a
systematic manner. This book will be useful to graduate students,
academic economists, and professional economists in international
organisations and governments interested in public policy and
development planning. The careful application of the ideas
presented here should lead to a real improvement in the development
of policy and to further empirical and theoretical research.
Arising from the 1st Interdisciplinary Nobel Laureate Symposium on
Global Sustainability in Potsdam, this book brings together Nobel
Laureates in Physics, Chemistry, Medicine, Economics and Peace -
top-level representatives from politics and NGOs, and renowned
experts on sustainability. In an unparalleled attempt to address
humankind's transformation to global sustainability, the authors
explore the best scientific and political strategies for
reconciling our civilization with its physical and ecological
support systems. The book features a radically interdisciplinary
approach through a broad range of contributions, covering the
latest insights from climate impact research, environmental
economics, energy resource analysis, ecosystems science, and other
crucial fields. It is for everyone interested in sustainability
issues. Intellectually stimulating articles address the complex
challenges arising from the need to avoid dangerous climate change,
covering both advanced mainstream concepts and novel
transformational approaches.
Hurricanes and storms strike New Orleans and Mumbai; flooding
causes devastation in England and Mozambique; droughts occur in
Australia and Darfur... Further substantial climate change is
unavoidable and the risks to the natural world, the economy and our
everyday lives are immense. Here Lord Stern, a world leading
authority on climate change, confronts urgent questions: What are
the dangers? How can the world adapt? And what does this mean for
us all? The solutions he gives are provocative, authoritative and
inspirational - a blueprint for the future.
There is now clear scientific evidence that emissions from economic
activity, particularly the burning of fossil fuels for energy, are
causing changes to the Earth's climate. A sound understanding of
the economics of climate change is needed in order to underpin an
effective global response to this challenge. The Stern Review is an
independent, rigourous and comprehensive analysis of the economic
aspects of this crucial issue. It has been conducted by Sir
Nicholas Stern, Head of the UK Government Economic Service, and a
former Chief Economist of the World Bank. The Economics of Climate
Change will be invaluable for all students of the economics and
policy implications of climate change, and economists, scientists
and policy makers involved in all aspects of climate change.
The Annual World Bank Conference on Development Economics (ABCDE)
brings together the world's leading scholars and development
practitioners for a lively debate on state-of-the-art thinking in
development policy and the implications for the global economy. The
13th conference dealt with two important and controversial themes
in development: globalization and inequality, with Daniel Cohen,
Richard N. Cooper, Kevin H. O'Rourke, and Anthony J. Venables; and
health and development, and Anne Case, Jean O. Lanjouw, Tomas
Philipson and Rodrigo R. Soares, and Morten Rostrup. James D.
Wolfensohn and Nicholas Stern also discuss the conference.
This volume distils the thinking of an international group of leading economists on the changing roles of governments and markets in economic and social development. It argues that government has a vital role to play in facilitating the effective functioning of markets, even though the recent tendency has been to withdraw from direct involvement in certain sectors of the economy and to reduce intervention and control in others.
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