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As in many other oil and gas dependent countries, Brunei Darussalam—a country with a small population but the second highest income per capita in Southeast Asia—has been diversifying its economy in three sectors: from oil and gas to other sectors of export/economic growth; from the dominance of public sector employment to a more balanced public and private sectors employment; and from heavy dependence on foreign labours to development of local talents. This book examines the current socio-economic development in the journey toward a diversified social economy, as targeted in Brunei Vision 2035. By examining the unique context of Brunei, this book fills in the gap on studies focusing on s...
This volume provides an overview of global environmental governance and the effectiveness of different governance mechanisms. Bringing together a broad range of perspectives, it addresses key challenges in contemporary global governance of environmental change.
Through analysis of the European Union Emissions Trading Scheme (EU ETS) and the Clean Development Mechanism (CDM), this book demonstrates how to use a variety of econometric techniques to analyze the evolving and expanding carbon markets sphere, techniques that can be extrapolated to the worldwide marketplace. It features stylized facts about carbon markets from an economics perspective, as well as covering key aspects of pricing strategies, risk and portfolio management.
Provides a comprehensive set of reviews of literature on the economics of nonmarket voluntary transfers.
Perhaps the most defining characteristic of the global economy today is the rise of emerging market economies (EMEs). Many states have experienced rapid economic growth over the past two decades that has led to an increasing share of global wealth. Such dramatic changes are highly relevant because they raise important issues about the distribution of global monetary and fiscal power. As the EMEs have gained importance in the global economy, their influence and significance have grown across a wide range of policy domains. One particularly relevant example is the increasingly critical role of EMEs in addressing climate change. Contrary to the popular belief that the level of development deter...
This book asks several critical questions relevant to those interested in public policy: What is a nudge? What are the ethical implications of and justifications for nudges? Are we able to have nudges without affecting one’s freedom to choose? In what institutional context are nudges likely to work well and in what context are they likely to fail? The text explores several real-world instances of government attempts at successful choice architecture across a wide range of policy topics: internet privacy laws, environmental policy, education policy, the sharing economy, and creating a national culture. This approach also highlights the spontaneous and evolutionary nature of social instituti...
Cities in Transition focuses on the sustainability transitions initiated in 40 European cities. The book presents the incredible wealth of insights gathered through hundreds of interviews and questionnaires. Four key domains—local energy systems, local green spaces, local water systems and local labour markets—have been the focus of the field research investigating local potentials for social innovation and new forms of civil society self-organisation. Examining the potential of new organizational frameworks like co-operatives, multi-stakeholder constructions, local-regional partnerships and networks for the success of such transitions, this book presents the key ingredients of a sustainable urban community as a viable concept to address current global financial, environmental and social challenges. Crucial reading for academics and practitioners of urban planning and sustainability in Europe, Cities in Transition is an innovative roadmap for sustainability in changing cities.
A provocative work that urges governments and policymakers to concentrate on existing policies and tools for combating climate change.
Many believe economic growth is incompatible with ecological preservation. Green Capital challenges this argument by shifting our focus away from the scarcity of raw materials and toward the deterioration of the great natural regulatory functions (such as the climate system, the water cycle, and biodiversity). Although we can find substitutes for scarce natural resources, we cannot replace a natural regulatory system, which is incredibly complex. It is therefore critical that we introduce a new price into the economy that measures the costs of damage to these regulatory functions. This change in perspective justifies such innovations as the carbon tax, which addresses not the scarcity of carbon but the inability of the atmosphere to absorb large amounts of carbon without upsetting the climate system. Brokering a sustainable peace between ecology and the economy, Green Capital describes a range of valuation schemes and their contribution to the goals of green capitalism, proposing a new approach to natural resources that benefits both businesses and the environment.
Carbon is much more than a chemical element: it is a polymorphic entity with many faces, at once natural, cultural and social. Ranging across ten million different compounds, carbon has as many personas in nature as it has roles in human life on earth. And yet it rarely makes the headlines as anything other than the villain of our fossil-based economy, feeding an addiction which is driving dangerous levels of consumption and international conflict and which, left unchecked, could lead to our demise as a species. But the impact of CO2 on climate change only tells part of the story, and to demonize carbon as an element which will bring about the downfall of humanity is to reduce it to a pale s...