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The objective of this book is to analyze the institutional barriers to implementing market-based climate policy, as well as to provide some opportunities to overcome them. The approach is that of institutional economics, with special emphasis on political transaction costs and path dependence. Instead of rejecting the neoclassical approach, this book uses it where fruitful and shows when and why it is necessary to employ a new or neo-institutionalist approach. The result is that equity is considered next to efficiency, that the evolution and possible lock-in of both formal and informal climate institutions are studied, and that attention is paid to the politics and law of economic instruments for climate policy, including some new empirical analyses. The research topics of this book include the set-up costs of a permit trading system, the risk that credit trading becomes locked-in, the potential legal problem of grandfathering in terms of actional subsidies under WTO law or state aid under EC law, and the changing attitudes of various European officials towards restricting the use of the Kyoto Mechanisms.
Emissions trading is becoming an increasingly popular policy instrument with growing diversity in design. This book examines emissions trading design, emissions trading implementation problems and how to address them. In an easily accessible way
'This well structured volume covers an important topic in a timely and comprehensive manner. The editors have brought together a knowledgeable and distinguished team of writers, who clearly articulate the Asia Pacific viewpoint on climate change. They should be congratulated on producing a nicely written book which will be of great interest to students, researchers and policymakers.' - Mohan Munasinghe, Munasinghe Institute for Development (MIND), Colombo, Sri Lanka and Intergovernmental Panel on Climate Change (IPCC), Geneva, Switzerland This unique book examines the problem of global warming from the perspective of Asian Pacific countries. The unprecedented economic and demographic growth ...
'Emission markets are crucial both to provide the right incentives to reduce GHG emissions and to fund investments necessary for a transition to a low carbon world. Emission markets however cannot achieve these objectives if inappropriately designed. This book is a novel and fresh attempt to look at the real functioning of the EU Emission Trading Scheme and to assess its effectiveness and inconsistencies, its positive and negative impacts on industrial and financial markets. With the overall objective to improve its design and performance.' Carlo Carraro, University of Venice, Italy '. . . this important book has the great achievement of addressing a complicated and socially highly debated i...
Societies need to reduce emissions of greenhouse gases by 80 per cent in order to counter the risks of climate change. This study envisions a climate neutral society - one where the output of polluting gases is minimised by social innovations set up in households, by local authorities, through developments in information and communications technologies and dematerialization, and through the shift towards product service systems and emissions trading. The work discusses the possibilities for steering and orchestrating this long-term transition towards a climate-friendly society, mapping paths through current dilemmas in climate policy and exploring the legal issues of making this transition.
Water is becoming increasingly scarce. If recent usage trends continue, shortages are inevitable. Aquanomics discusses some of the instruments and policies that may be implemented to postpone, or even avoid, the onset of water crises. These policies include establishing secure and transferable private water rights and extending these rights to uses that traditionally have not been allowed, including altering in-stream flows and ecosystem functions. The editors argue that such policies will help maximize water quantity and quality as water becomes scarcer and more valuable. Aquanomics contains many examples of how this is being accomplished, particularly in the formation of water markets and ...
This comprehensive Research Handbook sets out a systematic analysis of the Paris Agreement taking into account developments since it entered into force in 2016. It explores the treaty’s capacity, as an instrument of international law, to compel state action to address the universal threat of climate change.
a. The set generally: [Please note that the following description applies to both volumes in the 2009 Yearbook, not solely to Volume I]. The Global Community Yearbook is a one-stop resource for all researchers studying international law generally or international criminal tribunals specifically. The Global Community Yearbook appears annually in two-volume editions of carefully chosen primary source material and corresponding expert commentary. The general editor, Professor Giuliana Ziccardi Capaldo, employs her vast expertise in international law to select excerpts from important court opinions and also to choose experts from around the world who contribute essay-guides to illuminate those c...
"Now that economic development is starting to pick up in many countries in Africa, the question arises how such development can be balanced with the need for adequate environmental protection. This crucial issue, inherent in the notion of sustainable development, is addressed in this innovative and path-breaking volume. For the first time, academics from seventeen African countries have joined forces to analyse the way in which economic and environmental interests are balanced in their legal systems. The authors all use a common framework to improve the comparability of the country studies. The different country-related chapters do not only provide insights into the formally applicable legal...
This book presents a survey of modern theoretical and experimental techniques in studies of light scattering phenomena and radiative transfer processes in random media. It presents reviews on light scattering by sea water and bubbles, and includes a separate chapter addressing studies of the remote sensing of crystalline clouds with a focus on the shape of particles—a parameter rarely studied by passive remote sensing techniques. In particular, it offers a comprehensive analysis of polarized radiative transfer in optically active (e.g., chiral) light scattering media and explores advances in spectro-polarimetry of particulate media. Lastly it discusses new developments in light scattering for combustion monitoring.