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The full effects of decisions made today about many environmental policies -including climate change and nuclear waste- will not be felt for many years. For issues with long-term ramifications, analysts often employ discount rates to compare present and future costs and benefits. This is reasonable, and discounting has become a procedure that raises few objections. But are the methods appropriate for measuring costs and benefits for decisions that will have impacts 20 to 30 years from now the right ones to employ for a future that lies 200 to 300 years in the future? This landmark book argues that methods reasonable for measuring gains and losses for a generation into the future may not be a...
The first edition of Public Policies for Environmental Protection contributed significantly to the incorporation of economic analysis in the study of environmental policy. Fully revised to account for changes in the institutional, legal, and regulatory framework of environmental policy, the second edition features updated chapters on the EPA and federal regulation, air and water pollution policy, and hazardous and toxic substances. It includes entirely new chapters on market-based environmental policies, global climate change, solid waste, and, for the first time, coverage of the Safe Drinking Water Act. Portney, Stavins, and their contributors provide an invaluable resource for researchers, policymakers, industry professionals, and journalists---anyone who needs up-to-date information on U.S. environmental policy. With their careful explanation of policy alternatives, the authors provide an ideal book for students in courses about environmental economics or environmental politics.
In this collection of essays honoring the work of Wallace E. Oates, contributors apply his ideas and insights to a range of problems. Chapters on environmental economics assess environmental policy in today's conservative era and analyze environmental taxes, environmental federalism, and policy instruments. Chapters on public economics investigate vouchers for private schools, capitalization, and urban growth controls. Other subjects examined include intergovernmental grants in South Africa, and public pensions in the EU. The editors are affiliated with the University of Maryland-College Park, and Resources for the Future in Washington, DC. Annotation copyrighted by Book News, Inc., Portland, OR
This primer highlights both the strengths and the limitations of benefit-cost analysis in the development, design, and implementation of regulatory reform.
Traditionally, industry has been accused of sacrificing sustainable development in the pursuit of short-term profit. Yet today, under the banner of Corporate Environmental Responsibility (CER), a growing number of business organizations are claiming to be part of the solution rather than part of the problem. So, what is this emerging phenomenon of CER and what does it aspire to achieve? How pervasive is it and what are its implications for both business and the environment? This collection of essential articles and papers maps the development of the CER concept, traces the principal debates concerning its contribution to environmental protection, assesses the evidence as to what extent corporations are seeking to "do well be doing good" and explains why some companies have gone down this path when others, similarly situated, have been unwilling to do so. In essence, it asks: what has CER accomplished, what can it accomplish, and what is beyond its reach?
How often in today's environmental debates have you read that "the science is in dispute"-even when there is overwhelming consensus among scientists? Too often, the voice of science is diminished or diluted for the sake of politics, and the public is misled. Now, the most authoritative voice in U.S. science, Science magazine, brings you current scientific knowledge on today's most pressing environmental challenges, from population growth to climate change to biodiversity loss. Science Magazine's State of the Planet 2006-2007 is a unique contribution that brings together leading environmental scientists and researchers to give readers a comprehensive yet accessible overview of current issues....
Two prominent economists comment on the bitter, divisive, and passionate debate on the proper direction of environmental policy.
Everyone agrees that firms should obey the law. But beyond what the law requires-beyond bare compliance with regulations-do firms have additional social responsibilities to commit resources voluntarily to environmental protection? How should we think about firms sacrificing profits in the social interest? Are they permitted to do so, given their fiduciary responsibilities to their shareholders? Even if permissible, is the practice sustainable, or will the competitive marketplace render such efforts and their impacts transient at best? Furthermore, is the practice, however well intended, an efficient use of social and economic resources? And, as an empirical matter, to what extent do firms al...
This is a biography of Thomas Jefferson at leisure, enjoying two of his passions--wine and travel. Twelve of the sixteen chapters cover Jefferson's five years in France where he served as our minister and traveled through France, England, Germany, Italy and Holland. "Passions" was selected by Robert M. Parker, Jr. as "1995 Wine Book of the Year," and was the winner of the 1995 "Veuve Clicquot Wine Book of the Year" competition. It is a marvelous account of America's first wine connoisseur and gourmet.--Amazon.com.