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Examining the increasingly relevant topic of public sector efficiency, this dynamic Handbook investigates the context of constrained fiscal space and public funding sources using cross-country datasets in areas including China, India and sub-Saharan Africa and OECD economies.
Aid instruments need to adjust to new challenges and priorities. Global pandemics, climate change, increased inequality, low economic growth, and conflict have made it increasingly difficult for developing countries to achieve the Sustainable Development Goals. Retooling Development Aid in the 21st Century: The Importance of Budget Support examines the critical role of budget support by both multilateral and bilateral aid agencies to address the 21st century's development goals of eliminating poverty and protecting our global commons. Timely and smartly designed budget support remains a powerful tool to help address the new reality developing countries face, providing fast disbursing finance...
Why the energy transition must be more than a fuel source replacement, and how we can seize the opportunity of the transition to build a more just future for all. To meet the greenhouse gas emissions reductions needed to stave off the worst impacts of climate change, a transition away from fossil fuels must occur, as quickly as possible. But there are many unknowns when it comes to moving from theory to implementation for such a large-scale energy transition, not least regarding the social impact. In A Just Transition for All, J. Mijin Cha—a seasoned climate policy researcher who also works with advocacy organizations and unions—offers a comprehensive analysis of how we can enact transfo...
This timely book provides a critical examination of the ways in which tax expenditures can be best used in order to enhance their efficacy as instruments for the implementation of environmental policy.
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Now in its ninth edition, Economics and the Environment offers an accessible approach to the latest debates, concerns, standards, and legislation related to contemporary environmental issues. Featuring new and updated content throughout, this student-friendly textbook organizes its discussion around four specific questions — How much pollution is too much? Is the government up to the job? How can we do better? How can we resolve global issues? — to provide an inclusive and highly-engaging examination of environmental economics. Following a unique four-question format, the text provides an integrated pedagogy that is simpler and more useful than a “topics” approach to the subject. Students are encouraged to discuss the government’s role in environmental policy, the benefits and costs of environmental protection, methods for promoting clean technology and sustainability, global pollution and resource issues, environmental justice and ethics, and more. Throughout the text, illustrative examples and real-world case studies are complemented by end-of-chapter problems and exercises that both strengthen student comprehension and increase retention.
There is a growing debate on the relative merits of universal and targeted social assistance transfers in achieving income redistribution objectives. While the benefits of targeting are clear, i.e., a larger poverty impact for a given transfer budget or lower fiscal cost for a given poverty impact, in practice targeting also comes with various costs, including incentive, administrative, social and political costs. The appropriate balance between targeted and universal transfers will therefore depend on how countries decide to trade-off these costs and benefits as well as on the potential for redistribution through taxes. This paper discusses the trade-offs that arise in different country contexts and the potential for strengthening fiscal redistribution in advanced and developing countries, including through expanding transfer coverage and progressive tax financing.
What do we mean when we talk about “the State”? Multiple polls show a growing disillusionment with the State and representative government as vehicles for progressive change, and particularly as means to tame capitalism, let alone as a basis for seeing beyond it. In a quick and readable format, Eric Laursen proposes thinking about the State in an entirely new way—not simply as government or legal institutions, but as humanity’s analog to a computer operating system—opening up a new interpretation of the system of governance that emerged in Europe five-hundred years ago and now drives almost every aspect of human society. He also demonstrates powerfully why humanity’s life-and-death challenges—including racism, climate change, and rising economic exploitation—cannot be addressed as long as the State continues to exercise dominion.
Climate change is a major threat to the sustainability and inclusiveness of our societies, and to the planet’s habitability. A just transition to a low-carbon economy is the only viable way forward. This paper reviews the climate change challenge. It stresses the criticality of systems changes (energy, transport, urban, land use, water) in a climate-challenged world, and the importance of infrastructure investment geared toward such systems changes. The key policies to enable the transition are: public spending on and investment frameworks for sustainable infrastructure, pricing carbon, regulations, promoting sustainable use of natural resources, scaling up and aligning finance with climate objectives, low-carbon industrial and innovation policies, building resilience and adaptation, better measurement of well-being and sustainability, and providing information and education on climate risks. Implemented well, climate action would unlock the inclusive growth story of the 21st century, making our societies more sustainable, inclusive, and prosperous.
Environmental Economics and Ecosystem Services provides a rigorous yet accessible introduction to environmental economics, using ecosystem services as the underlying framework. Assuming no prior knowledge of economics, and using a conversational writing style, the focus is on exploring society’s linkages with the environment and how economics can help solve key environmental problems. Structured in three parts, the book first introduces readers to the key theories in environmental economics and ecosystem services, and then explores the challenges of conservation. The final section examines environmental policy options, such as cap-and-trade, behavioral nudges, community-based natural resou...