3 decision support techniques that do not depend exclusively on market incentives and monetary valuation. The World Conservation Strategy published by the mCN (1980) recognised the full dimensions of these problems, and introduced the concept of sustainable development, placing the emphasis on the exploitation of natural systems and the use of biological natural resources within limits so that the availability of these resources for use by future generations would not be jeopardised by the current use of them. At this time, the imposition of quotas and the definition of critical loads and environmental standards were suggested as the sorts of instruments necessary to cope with the problems of limited availability of environmental resources. Although the mCN publication did not obtain a high international profile, the idea of policy norms to respect critical loads has become quite widely accepted in the environmental policymaking of Western countries. This has often put the policy agencies in difficult situations. Polluting industries are inclined to argue that the critical loads are defined too restrictively. The complexity and time lags of ecological effects makes it hard to say exactly what constitutes a critical load beyond which there will be irreversible damage, and lobbying interests can play on these uncertainties to try and weaken the environmental standards. In addition, polluting industries can use the argument of negative impacts on "the economy" (particularly as regards employment and export prospects) to blackmail governments, regulatory agencies and the general public.

This important book addresses the prospects for reconciling economic competitiveness with sustainable development. It shows that we cannot simply assume that changes in public attitudes, business policies and government regulation will guarantee the conditions for long-term ecological, social and economic sustainability. On the basis of new original case studies, the authors consider corporate environmental strategies, technological change and sustainable development as a social partnership between firms, citizens and government. They suggest that competitiveness must be considered as a dynamic process requiring proactive and reactive adjustments by business and government institutions all working towards sustainability. Sustainbility and Firms combines intellectual rigour with accessibility to communicate fundamental ideas to help policy decision-makers, enterprise managers, environmental scientists and economists grapple effectively with the problems of competitiveness, technological change, strategies of firms, governance and sustainable development.

Models of sustainable development are increasingly used to address large scale environmental problems ensuring that responses to present day needs do not compromise the prospects of future generations.In this new book a wide range of approaches to modelling sustainable development is examined, including neoclassical, evolutionary, ecological economics and neo-Ricardian models. Recognizing that the application of sustainable development requires the reorientation of economic analysis on several fundamental points, a distinguished group of authors re-examines such key issues as intra- and intergenerational equity, the treatment of the very long-term, the irreversibility of ecological change, fundamental uncertainty and system complexity, and processes of technological change. The achievements and limitations of different models of sustainable development are explored, with particular reference to their value in support of decision-making. Researchers and graduate students in environmental economics will welcome this volume's rigorous approach to environmental sustainability as well as its consideration of a wide range of different modelling approaches and, in particular, the assumptions which sustain them.

This important new book develops an ecological-economics perspective on sustainability at the regional, national and international level. It explores prospects for sustainable development using methods firmly grounded in empirical reality, as well as emphasizing scientific, economic and socio-political concerns.This approach is based on the construction of non-monetary indicators for sustainability, and the application of cost-effectiveness analyses to identify robust alternatives for the achievement of specified policy norms. In calculating the requirements for sustainability the contributors attach importance to multiple criteria decision aid (MCDA) methods of analysis to evaluate the key components of sustainability and help assess the sustainability of aregional or national economic development trajectory. Case studies of water pollutants in the Bretagne region in France and greenhouse gas reduction in Europe are used to investigate resource allocation from this perspective. The contributors utilize the M3ED model - a structural economy-environment simulation model which gives a multi-sectoral representation of a national economy's production, final consumption and environmental pressures - to explore feasible economic futures. It is applied to scenarios in France to demonstrate ways that prospects for sustainability can be investigated at a national level. The contributors compare and contrast these models with the aims of more typical neoclassical modelling in their search for the most effective approaches to defining operational measures for sustainability. This book will be of great interest to academics in the field of ecological and environmental economics and to policymakers and planners in government and industry.

3 decision support techniques that do not depend exclusively on market incentives and monetary valuation. The World Conservation Strategy published by the mCN (1980) recognised the full dimensions of these problems, and introduced the concept of sustainable development, placing the emphasis on the exploitation of natural systems and the use of biological natural resources within limits so that the availability of these resources for use by future generations would not be jeopardised by the current use of them. At this time, the imposition of quotas and the definition of critical loads and environmental standards were suggested as the sorts of instruments necessary to cope with the problems of limited availability of environmental resources. Although the mCN publication did not obtain a high international profile, the idea of policy norms to respect critical loads has become quite widely accepted in the environmental policymaking of Western countries. This has often put the policy agencies in difficult situations. Polluting industries are inclined to argue that the critical loads are defined too restrictively. The complexity and time lags of ecological effects makes it hard to say exactly what constitutes a critical load beyond which there will be irreversible damage, and lobbying interests can play on these uncertainties to try and weaken the environmental standards. In addition, polluting industries can use the argument of negative impacts on "the economy" (particularly as regards employment and export prospects) to blackmail governments, regulatory agencies and the general public.