Sustainability and the New Economics

Sustainability and the New Economics

Author: Stephen J. Williams

Publisher: Springer Nature

Published: 2021-12-09

Total Pages: 342

ISBN-13: 3030787958

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This multidisciplinary book provides new insights and hope for sustainable prosperity given recent developments in economics – but only if swift and strong actions consistent with Earth’s biophysical limits and principles of justice are universally taken. It is one thing to put limits on resource throughput and waste generation to conform with the ecosphere’s biocapacity. It is another thing to efficiently allocate a sustainable rate of resource throughput and ensure it is equitably distributed in the form of final goods and services. While the separate but interdependent decisions regarding throughput, distribution, and allocation are the essence of ecological economics, dealing with them in a world that needs to cure its growth addiction requires a realistic understanding of macroeconomics and the fiscal capacity of currency-issuing central governments. Sustainable prosperity demands that we harness this understanding to carefully regulate the rate of resource throughput and manipulate macroeconomic outcomes to facilitate human flourishing. The book begins by outlining humanity’s current predicament of gross ecological overshoot and laments the half-century of missed opportunities since The Limits to Growth (1972). What was once economic growth has become, in many high-income countries, uneconomic growth (additional costs exceeding additional benefits), which is no longer advancing wellbeing. Meanwhile, low-income nations need a dose of efficient and equitable growth to escape poverty while protecting their environments and the global commons. The book argues for a synthesis of our increasing knowledge of the ecosphere’s limited carrying capacity and the power of governments to harness, transform, and distribute resources for the common good. Central to this synthesis must be a correct understanding of the difference between financial constraints and real resource constraints. While the latter apply to everyone, the former do not apply to currency-issuing central governments, which have much more capacity for corrective action than mainstream thinking perceives. The book joins the growing chorus of authoritative voices calling for a complete overhaul of the dominant economic system. We conclude with policy recommendations based on a new economics that, if implemented, would come close to guaranteeing a sustainable and prosperous future. Upon reading this book, at least one thing should be crystal clear: business as usual is not a viable option.


The New Environmental Economics

The New Environmental Economics

Author: Eloi Laurent

Publisher: John Wiley & Sons

Published: 2020-01-13

Total Pages: 237

ISBN-13: 1509533834

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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 Éloi 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.


Environmental and Natural Resource Economics

Environmental and Natural Resource Economics

Author: Jonathan M. Harris

Publisher: Routledge

Published: 2016-05-05

Total Pages: 584

ISBN-13: 1315448513

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Harris and Roach present a compact and accessible presentation of the core environmental and resource topics and more, with analytical rigor as well as engaging examples and policy discussions. They take a broad approach to theoretical analysis, using both standard economic and ecological analyses, and developing these both from theoretical and practical points of view. It assumes a background in basic economics, but offers brief review sections on important micro and macroeconomic concepts, as well as appendices with more advanced and technical material. Extensive instructor and student support materials, including PowerPoint slides, data updates, and student exercises are provided.


Economy & Ecology: Towards Sustainable Development

Economy & Ecology: Towards Sustainable Development

Author: F. Archibugi

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 347

ISBN-13: 9401578311

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After a period of relative silence, recent years have been marked by an upswing of interest in environmental issues. The publication of the report of the World Commission on Environment and Development on 'Our Common Future' (1987) has acted as a catalyst for a revival of the environmental awareness, not only regarding local and daily pollution problems, but also -and in particular- regarding global environmental decay and threats to a sustainable development. In a recent study by W.M. Stigliani et al., on 'Future Environments for Europe' (Executive Rep~rt 15, IIASA, Laxenburg, 1989) the environmental implications of various alternative socioeconomic development pathways with respect to eleven environmental issues that could become major problems in the future are analysed. These issues include: Managing water resources in an era of climate change. Acidification of soils and lakes in Europe. Long-term forestry management and the possibility of a future shortfall in wood supply. Areas of Europe marginalized by mainstream economic and agricultural development. Sea level rise. Chemical pollution of coastal waters. Toxic materials buildup and the potential for chemical time bombs. Non-point-source emissions of potentially toxic substances. Transportation growth versus air quality. Decreasing multi-functionally of land owing to urban and suburban land development. Increasing summer demand for electricity, and the impact on air quality.


Ecological Economics and Sustainable Development

Ecological Economics and Sustainable Development

Author: Herman E. Daly

Publisher: Edward Elgar Publishing

Published: 2007

Total Pages: 281

ISBN-13: 1847206948

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This clear-thinking collection brings together 25 of Daly s essays, speeches, reviews and testimonials from the past decade. . . as a whole they provide a useful masterclass on the principles of ecological economics. Daly s vision, as well as his frustration with mainstream economists refusal to engage with his arguments, comes through loud and clear. New Scientist It s hard to imagine ecological economics without the numerous and profound contributions of Herman Daly. These papers reveal the consistency of his analysis and clarity of exposition that have made him one of the most influential economists of his generation. Because of Herman Daly we have a much better understanding of how economies relate to the environment, why so much is wrong with this relationship and what must be done to fix it. Peter Victor, York University, Canada This thrilling compilation outlines the origins of the young discipline of ecological economics by the intellectual leader of the movement, Herman Daly. He recounts how, as a member of the recently demoted environment department at the World Bank, he integrated ecology with economics during his six years in the bowels of the beast. Herman lucidly and compellingly combines common sense with profound understanding of both economics and ecology to arrive at sustainable solutions to the global problematique. Herman s rigorous yet compassionate solutions to climate change, peak oil, globalization vs. internationalization, poverty reduction, and the unsung concept of scale leading to uneconomic growth, are precisely what we need to prevent the current liquidation of our beautiful world. This book will galvanize you into the action we need so much. Robert Goodland, Environmental adviser, World Bank Group, 1978 2001 In this book, written in crystal clear style, Herman Daly reiterates the main points of his analysis and vision, he praises some teachers (John Ruskin, Frederick Soddy, Nicholas Georgescu-Roegen, Kenneth Boulding), he fearlessly attacks some adversaries in the World Bank and MIT, and he offers some advice to the government of his own country, to the Russian Duma, and especially to OPEC that, if followed, would change the world very much for the better. Finally, on a different line of thought, he interrogates conservation biologists on their reasons for wanting to keep biodiversity since, as biologists, they claim that evolution has no particular purpose. Why not let the Sixth Great Extinction run its course? In other words, science cannot provide an ethics of conservation, which Herman Daly finds in religion more than in democratization deliberations. Joan Martinez-Alier, Universitat Autonòma de Barcelona, Spain Ecological Economics and Sustainable Development comprises a carefully chosen selection of some 25 articles, speeches, congressional testimonies, reviews, and critiques from the last ten years of Herman Daly s ever-illuminating work. This book seeks to identify the blind spots and errors in standard growth economics, alongside the corrections that ecological economics offers to better guide us toward a sustainable economy one with deeper biophysical and ethical roots. Under the general heading of sustainability and ecological economics, many specific topics are here brought into relation with each other. These include: limits to growth; full-world versus empty-world economics; uneconomic growth; definitions of sustainability; peak oil; steady-state economics; allocation versus distribution versus scale issues; non-enclosure of rival goods and enclosure of non-rival goods; production functions and the laws of thermodynamics; OPEC and Kyoto; involuntary resettlement and development; resource versus value-added taxation; globalization versus internationalization; immigration; climate change; and the philosophical presuppositions of policy, including the policies suggested in connection with the topics above. This fascinating work will appeal to scholars and academics of ecol


Environmental Sustainability and Economy

Environmental Sustainability and Economy

Author: Pardeep Singh

Publisher: Elsevier

Published: 2021-07-30

Total Pages: 382

ISBN-13: 0128221887

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Environmental Sustainability and Economy contains the latest practical and theoretical concepts of sustainability science and economic growth. It includes the latest research on sustainable development, the impact of pollution due to economic activities, energy policies and consumption influencing growth and environment, waste management and recycling, circular economy, and climate change impacts on both the environment and the economy. The 21st century has seen the rise of complex and multi-dimensional pathways between different aspects of sustainability. Due to globalization, these relationships now work at varying spatiotemporal scales resulting in global and regional dynamics. This book explores the complex relationship between sustainable development and economic growth, linking the environmental and social aspects with the economic pillar of sustainable development. Utilizing global case studies and interdisciplinary perspectives, Environmental Sustainability and Economy provides a comprehensive account of sustainable development and the economics of environmental protection studies with a focus on the environmental, geographical, economic, anthropogenic and social-ecological environment. Includes extensive interdisciplinary coverage, including intersectional topics such as environmental pollution and economic growth, resource utilization and circular economy, climate change and emissions, and sustainable solutions and green behavior Discusses market innovations and strategies through the lens of global case studies in sustainability and economic growth Bridges the gap between environmental studies and economics to reflect sustainable practices for enhancing environmental protection in response to climate change


Environmental Law and Economics

Environmental Law and Economics

Author: Klaus Mathis

Publisher: Springer

Published: 2017-04-07

Total Pages: 542

ISBN-13: 3319509322

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This anthology discusses important issues surrounding environmental law and economics and provides an in-depth analysis of its use in legislation, regulation and legal adjudication from a neoclassical and behavioural law and economics perspective. Environmental issues raise a vast range of legal questions: to what extent is it justifiable to rely on markets and continued technological innovation, especially as it relates to present exploitation of scarce resources? Or is it necessary for the state to intervene? Regulatory instruments are available to create and maintain a more sustainable society: command and control regulations, restraints, Pigovian taxes, emission certificates, nudging policies, etc. If regulation in a certain legal field is necessary, which policies and methods will most effectively spur sustainable consumption and production in order to protect the environment while mitigating any potential negative impact on economic development? Since the related problems are often caused by scarcity of resources, economic analysis of law can offer remarkable insights for their resolution. Part I underlines the foundations of environmental law and economics. Part II analyses the effectiveness of economic instruments and regulations in environmental law. Part III is dedicated to the problems of climate change. Finally, Part IV focuses on tort and criminal law. The twenty-one chapters in this volume deliver insights into the multifaceted debate surrounding the use of economic instruments in environmental regulation in Europe.


The Ecolaboratory

The Ecolaboratory

Author: Robert Fletcher

Publisher: University of Arizona Press

Published: 2020-03-17

Total Pages: 385

ISBN-13: 081654011X

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Despite its tiny size and seeming marginality to world affairs, the Central American republic of Costa Rica has long been considered an important site for experimentation in cutting-edge environmental policy. From protected area management to ecotourism to payment for environmental services (PES) and beyond, for the past half-century the country has successfully positioned itself at the forefront of novel trends in environmental governance and sustainable development. Yet the increasingly urgent dilemma of how to achieve equitable economic development in a world of ecosystem decline and climate change presents new challenges, testing Costa Rica’s ability to remain a leader in innovative environmental governance. This book explores these challenges, how Costa Rica is responding to them, and the lessons this holds for current and future trends regarding environmental governance and sustainable development. It provides the first comprehensive assessment of successes and challenges as they play out in a variety of sectors, including agricultural development, biodiversity conservation, water management, resource extraction, and climate change policy. By framing Costa Rica as an “ecolaboratory,” the contributors in this volume examine the lessons learned and offer a path for the future of sustainable development research and policy in Central America and beyond.


Economics of Environment and Development

Economics of Environment and Development

Author: Pushpam Kumar

Publisher: CRC Press

Published: 2007-12-26

Total Pages: 0

ISBN-13: 9781420070675

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Designed specifically for students of economics, business economics, and allied areas at the undergraduate and postgraduate level, this book includes specially contributed articles by acknowledged experts of the discipline from all over the world. It covers critical areas like theory of externalities and market failure, valuation and accounting of environmental impacts, economic instruments for industrial pollution and environmental resources, poverty and environmental degradation, and corporate environmental management. The book also explores how to make development more sustainable, micro economics for ecological sustainability, and environmental policy in open economies.