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The Institutional Economics of Market-Based Climate Policy
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.
EU Emissions Trading
The EU Emissions Trading Scheme (EU ETS) has been characterized as one of the most far-reaching and radical environmental policies for many years. Given the EU's earlier resistance to this market-based and US-flavoured programme, the development and implementation of the EU ETS has been rapid. This novel approach to environmental regulation has the potential to affect not only greenhouse gas emissions in the EU, but also international strategies for climate change protection. This book investigates the origins, evolution and consequences of the EU ETS and offers significant contributions to the literatures on climate policy and EU policy making.
Crucial Issues in Climate Change and the Kyoto Protocol
Crucial Issues in Climate Change and the Kyoto Protocol: Asia and the World focuses on responses to climate change in the world's most populous region. This book provides the most comprehensive insight to the climate change discourse within Asia to date by drawing on the diverse disciplines and experience of legal practitioners, climate change consultants, government officials and academics. Individual chapters address issues such as how the various Asian countries ? highly disparate in their cultures, socio-economic conditions and political systems ? are responding to climate change, the challenges of mitigating and adapting to climate change, and the effective implementation of the Kyoto Protocol in Asia.
Economics of Ecological Resources
'Perrings' book is a well edited, and presented, integrated work based upon nine of his articles and book chapters published between 1989 and 1995.' - Clive L. Spash, Environmental Values Economics of Ecological Resources presents new or recently published work on ecological economies, sustainability, poverty, resource degradation and decision-making under uncertainty. The book explores the allocation of resources in jointly determined ecological-economic systems. An introductory chapter examines the work of other major contributors to the field of ecological economics and introduces Professor Perrings's work and the material in this volume. The first of three parts is concerned with the dynamics of joint systems and with the implications for the control and conservation of ecological resources. The second part focuses on the conditioning effect of the economic environment on private decisions in low income resource-dependent economies. The final part considers the way that decision makers handle the uncertainty that is an integral feature of the evolution of the ecological-economic system.
EU Climate Policy Explained
The EU has been the region of the world where the most climate policies have been implemented, and where practical policy experimentation in the field of the environment and climate change has been taking place at a rapid pace over the last twenty-five years. This has led to considerable success in reducing pollution, decoupling emissions from economic growth and fostering global technological leadership. The objective of the book is to explain the EU's climate policies in an accessible way, to demonstrate the step-by-step approach that has been used to develop these policies, and the ways in which they have been tested and further improved in the light of experience. The book shows that the...
Faultlines of Conflict in Central Asia and the South Caucasus
In the region of Central Asia and South Caucasus, what is the potential for armed conflict, and how might such outbreaks escalate to a level that could involve U.S. forces? The authors evaluate the key political, economic, and societal faultlines underlying the likelihood of conflict in the region, assessing their implications for regional stability and for U.S. interests and potential involvement over the next 10 to 15 years.
Pollution for Sale
This timely book provides a comprehensive overview of the theory and practice of emissions trading including the lessons learnt, the problems faced and the prospects for its extended use. It includes case studies of trading schemes in the USA and Europe, and studies of international trading under the European acid rain regime. Problems of practical implementation, especially institutional feasibility and political acceptability, are given particular attention. The prospects for the international trading of greenhouse gases following the Kyoto Protocol are assessed, together with the potential conflict between emissions trading and established regulatory traditions. Pollution for Sale will be of great interest to policy makers, practitioners, researchers and students of environmental policy.
