Advances in Ecological Economics series – serie

Reforestation and avoiding deforestation are methods of harnessing nature to tackle global warming - the greatest challenge facing humankind. In this book, Colin Hunt deals comprehensively with the present and future role of forests in climate change policy and practice. The author provides signposts for the way ahead in climate change policy and offers practical examples of forestry's role in climate change mitigation in both developed and tropical developing countries. Chapters on measuring carbon in plantations, their biodiversity benefits and potential for biofuel production complement the analysis. He also discusses the potential for forestry in climate change policy in the United States and other countries where policies to limit greenhouse gas emissions have been foreshadowed. The author employs scientific and socio-economic analysis and lays bare the complexity of forestry markets. A review of the workings of carbon markets, based both on the Kyoto Protocol and voluntary participation, provides a foundation from which to explore forestry's role. Emphasis is placed on acknowledging how forests' idiosyncrasies affect the design of markets for sequestered carbon. The realization of forestry's potential in developed countries depends on the depth of cuts in greenhouse gas emissions, together with in-country rules on forestry. An increase in funding for carbon retention in tropical forests is an immediate imperative, but complexities dictate that the sources of finance will likely be dedicated funds rather than carbon markets. This timely and comprehensive book will be of great value to any reader interested in climate change. Policy-makers within international agencies and governments, academics and students in the fields of geography, economics, science policy, forestry, development studies as well as carbon market participants and forest developers in the private sector will find it especially useful.

This timely volume recognizes that traditional policy approaches to reduce human impacts on the environment through technological change - for example, emphasizing resource efficiency and the development of renewable energy sources - are insufficient to meet the most pressing sustainability challenges of the twenty-first century. Instead, the editors and contributors argue that we must fundamentally reconfigure our lifestyles and social institutions if we are to make the transition toward a truly sustainable future.These expert contributions pinpoint specific areas in which innovation will be required. These include economic policies, socio-technical systems of production and consumption, and dominant social practices. Drawing on these and other diverse areas of scholarship, this fascinating book highlights new conceptual frameworks for achieving the twin sustainability goals of decreased resource use and enhanced individual and societal well-being.Students, professors and policymakers in ecological economics, innovation studies, environmental policy and many other related fields will find much of interest in this pathbreaking volume.Contributors: M.M. Bell, H.S. Brown, M.J. Cohen, B. Halkier, J.M. Harris, D.J. Hess, S. Hielscher, R. Kemp, E. Kennedy, H. Krahn, N.T. Krogman, S.M. McCauley, I. Røpke, G. Seyfang, A. Smith, G. Spaargaren, J.C. Stephens, J. Stutz, E. Ubert, H. van Lente, P.J. Vergragt

Though scientists and environmentalists have long expressed concern over the rapid deterioration of the global environment, economists have largely failed to recognize the issue's relevance to their field. Salah El Serafy argues for an increased focus on the economic aspects of environmental degradation, calling for a fundamental shift in how economists measure and discuss national income.Through a combination of new material reflecting recent developments in the field and previously published essays that provide a history of green accounting, the author emphasizes the importance of considering natural resources as part of a nation's economic capital. Setting forth what has become known as the 'El Serafy Method', this fascinating and complex volume presents both the justification and the methodology for giving the environment a place in the global economic conversation.Students, professors, researchers and policymakers in the field of environmental and ecological economics will no doubt find much to appreciate in this thoughtful and comprehensive analysis of the intersection between economics and the environment.

This timely volume recognizes that traditional policy approaches to reduce human impacts on the environment through technological change - for example, emphasizing resource efficiency and the development of renewable energy sources - are insufficient to meet the most pressing sustainability challenges of the twenty-first century. Instead, the editors and contributors argue that we must fundamentally reconfigure our lifestyles and social institutions if we are to make the transition toward a truly sustainable future.These expert contributions pinpoint specific areas in which innovation will be required. These include economic policies, socio-technical systems of production and consumption, and dominant social practices. Drawing on these and other diverse areas of scholarship, this fascinating book highlights new conceptual frameworks for achieving the twin sustainability goals of decreased resource use and enhanced individual and societal well-being.Students, professors and policymakers in ecological economics, innovation studies, environmental policy and many other related fields will find much of interest in this pathbreaking volume.Contributors: M.M. Bell, H.S. Brown, M.J. Cohen, B. Halkier, J.M. Harris, D.J. Hess, S. Hielscher, R. Kemp, E. Kennedy, H. Krahn, N.T. Krogman, S.M. McCauley, I. Røpke, G. Seyfang, A. Smith, G. Spaargaren, J.C. Stephens, J. Stutz, E. Ubert, H. van Lente, P.J. Vergragt

This engaging book brings together leading ecological economists to collectively present a definitive case for looking beyond economic growth as the sole panacea for the world's ecological predicament. Grounded in physics, ecology, and the science of human behavior, contributors show how economic growth itself has become ''uneconomic'' and adds to a ravaging of both social and ecological cohesion.Guided by a clear moral vision that prioritizes sustainability and justice over profit, the authors provide a blueprint for an economy that replaces quantitative growth with qualitative improvement to enhance human welfare while restoring degraded ecosystems. They present solutions for many of today's challenges, ranging from global climate change and biodiversity loss to natural resource depletion. This interdisciplinary work not only relates ecological economics theory to the most urgent predicaments of the contemporary world, but also pays tribute to the work of Herman Daly, a leading pioneer of modern ecological economics.Researchers and faculty studying and teaching ecological economics and environmental studies will find value in this unprecedented book. It will also be of interest to practitioners working to solve a variety of global environmental issues.

This timely collection of essays is a magnificent testament to Daly's pioneering work over four decades. Armed with clear scientific principles and an unfailing logic, Daly sets out on an urgent quest to develop an economics fit for purpose on a finite planet. The originality and clarity of thought revealed in this new collection is extraordinary. It cements Daly's status as the most visionary economist of our time.'- Tim Jackson, Centre for Environmental Strategy, University of Surrey, UK'Herman Daly has been leading the way on uneconomic growth and steady-state economics for nearly 50 years, and still is. His numerous contributions are increasingly relevant and influential, deeply insightful and unusually accessible to readers from all walks of life. How fortunate we are to have in a single volume so many of Daly's most important papers. Re-reading them is a pleasure and an inspiration, reading them for the first time could very well change your life.'- Peter A. Victor, York University, Canada'Herman Daly has helped us to realize that there is economic growth and uneconomic growth. In so doing, he reminds us that the only viable long-term option is a steady-state economy.'- Lester R. Brown, President of Earth Policy Institute and author of Full Planet, Empty PlatesIn this important book, Herman E. Daly lays bare the weaknesses of growth economics and explains why, in contrast, a steady-state economy is both necessary and desirable. Through the course of the book, Daly develops the basic concept and theory of a steady-state economy from the 1970s limits to growth debates. In doing so, he draws on work from the classical economists, through both conflicts and agreements with neo-classical and Keynesian economists, as well as recent debates on uneconomic growth.Editorial-style policy essays substantiate Daly's argument and he provides specific application of steady-state economics to important current issues, including monetary reform, tax reform, international trade and population. The book also includes discussion and critique of ethical, as well as biophysical, presuppositions of growth.From Uneconomic Growth to a Steady-State Economy is essential reading for academics, students and researchers in the fields of ecological economics, environmental studies, economic development, resource economics and public policy.Contents: Preface 1. Introduction : Envisioning a Successful Steady-State Economy Part I: Early Discussion of Basic Steady-State Concepts 2. The Economics of the Steady State 3. In Defense of a Steady-State Economy Part II: Later Extensions into Standard Economics 4. Towards an Environmental Macroeconomics 5. Growth, Debt, and the World Bank Part III: Recent Revival of the Growth Debate, and Policies for a Steady State 6. A Further Critique of Growth Economics 7. Moving from a Failed Growth Economy to a Steady State Economy 8. Climate Policy: From 'Know How' to 'Do Now' Part IV: Ethical Foundations of a Steady-State Economy 9. Incorporating Values in a Bottom-Line Ecological Economy 10. Ethics in Relation to Economics, Ecology, and Eschatology Part V: Short Essays on Current Issues Related to Growth versus Steady State Index

This timely collection of essays is a magnificent testament to Daly's pioneering work over four decades. Armed with clear scientific principles and an unfailing logic, Daly sets out on an urgent quest to develop an economics fit for purpose on a finite planet. The originality and clarity of thought revealed in this new collection is extraordinary. It cements Daly's status as the most visionary economist of our time.'- Tim Jackson, Centre for Environmental Strategy, University of Surrey, UK'Herman Daly has been leading the way on uneconomic growth and steady-state economics for nearly 50 years, and still is. His numerous contributions are increasingly relevant and influential, deeply insightful and unusually accessible to readers from all walks of life. How fortunate we are to have in a single volume so many of Daly's most important papers. Re-reading them is a pleasure and an inspiration, reading them for the first time could very well change your life.'- Peter A. Victor, York University, Canada'Herman Daly has helped us to realize that there is economic growth and uneconomic growth. In so doing, he reminds us that the only viable long-term option is a steady-state economy.'- Lester R. Brown, President of Earth Policy Institute and author of Full Planet, Empty PlatesIn this important book, Herman E. Daly lays bare the weaknesses of growth economics and explains why, in contrast, a steady-state economy is both necessary and desirable. Through the course of the book, Daly develops the basic concept and theory of a steady-state economy from the 1970s limits to growth debates. In doing so, he draws on work from the classical economists, through both conflicts and agreements with neo-classical and Keynesian economists, as well as recent debates on uneconomic growth.Editorial-style policy essays substantiate Daly's argument and he provides specific application of steady-state economics to important current issues, including monetary reform, tax reform, international trade and population. The book also includes discussion and critique of ethical, as well as biophysical, presuppositions of growth.From Uneconomic Growth to a Steady-State Economy is essential reading for academics, students and researchers in the fields of ecological economics, environmental studies, economic development, resource economics and public policy.Contents: Preface 1. Introduction : Envisioning a Successful Steady-State Economy Part I: Early Discussion of Basic Steady-State Concepts 2. The Economics of the Steady State 3. In Defense of a Steady-State Economy Part II: Later Extensions into Standard Economics 4. Towards an Environmental Macroeconomics 5. Growth, Debt, and the World Bank Part III: Recent Revival of the Growth Debate, and Policies for a Steady State 6. A Further Critique of Growth Economics 7. Moving from a Failed Growth Economy to a Steady State Economy 8. Climate Policy: From 'Know How' to 'Do Now' Part IV: Ethical Foundations of a Steady-State Economy 9. Incorporating Values in a Bottom-Line Ecological Economy 10. Ethics in Relation to Economics, Ecology, and Eschatology Part V: Short Essays on Current Issues Related to Growth versus Steady State Index

This book explores approaches to sustainability by linking the economy, society and the environment. The international group of experts uses concepts of sustainability from the physical and social sciences to develop a framework for creating policies for sustainability. Sustainability in Question goes beyond much of the existing literature on sustainability taking into account culture, institutions, knowledge and traditions. It sheds new light on the ability of humans to create institutional and social arrangements which are able to adapt to changing conditions. The authors consider the current state of environmental and institutional sustainability within the context of economic activity and public policy. They recognise that some of the basic economic notions such as universal substitutability, methodological individualism and the superiority of the price mechanism may be misplaced in the case of environmental protection.Sustainability in Question will be welcomed by those interested in environmental economics, science, management and environmental studies, as well as by those working in the fields of ecological economics, natural resource economics and environmental sociology.

A number of tools for environmental analysis and decision support have been developed over time, including life-cycle assessment, substance-flow analysis, environmental impact and risk assessment. Many of these tools have different economic systems - a product, a regional substance-flow, a factory or emission pattern etc.- as their object. This book aims to reconcile and unify the many different tools for environmental analysis and decision-support into one meta-tool.The subject of this study revolves around two problems: the attribution problem - which environmental problems are to be attributed to which economic activities; and the position problem - what is the relative position of a number of the various tools for environmental decision-support? Both these problems can be resolved by the construction of a general framework and specific methodological steps within the framework. The main focus of this study is on the methodology.By providing a common framework for topics often treated in isolation this book enables experts from many fields, including scholars of environmental, resource and ecological economics, environmental science as well as researchers and professionals within industrial ecology, to understand the full depth and range of the material.

This groundbreaking book takes a fresh look at how environmental problems emerge from economic activity and how they may be addressed in a responsible and sustainable manner. At its centre is the concept of joint production. This captures the phenomenon whereby several effects necessarily emerge from one activity and whereby human action always entails unintended consequences. This, according to the authors, is the structural cause behind modern-day environmental problems. Combining concepts and methods from philosophy of science, systems theory, thermodynamics, economics and ethics in a truly interdisciplinary manner, the authors convincingly argue that the joint-production perspective has fundamental and far-reaching implications for the valuation of economic goods, the dynamic analysis of economy-environment interactions, and the accumulation of stocks in ecological-economic systems. Complementing the joint-production perspective with the ethical notion of responsibility, the authors develop principles of sustainable environmental policy, and give philosophical support to the precautionary principle. Four extensive case studies illustrate and deepen the approach.With a wide range of analysis and case studies, this book will be of great interest to researchers and students in ecological economics, environmental and resource economics, environmental policy and regulation, environmental valuation, as well as environmental ethics and responsibility.

Apart from food and raw materials, agriculture can also provide ancillary benefits such as landscapes, biodiversity, cultural heritage and thriving rural communities. This book offers a state-of-the-art overview of strategies for sustainable management practices and their implementation through the adoption of suitable instruments. Such practices aim to sustain and support the multiple functions provided by agriculture and natural resources in the rural countryside.The authors explore the value of alternative governance structures and examine the design of policy models and institutional mechanisms for a range of different countries and agricultural methods. The empirical results allow them to identify successful examples as well as recognize practices which have failed. They can then transfer positive policies to geographical areas or production systems where effective and efficient strategies for the sustainable management of natural resources are urgently needed. In doing so, the authors hope to improve the design, identification and implementation of appropriate policy instruments to help sustain the rural economy in the future. They also aim to strengthen the establishment of markets for nature which overcome institutional constraints.This timely new book explores emerging perspectives on multifunctionality in agriculture and the rural environment. It will be widely read by academics, researchers and policymakers with an interest in agricultural and resource economics, environmental governance and sustainable development.

Technological change plays a crucial role in realizing energy efficiency improvements and, therefore, in ameliorating the conflict between economic growth and environmental quality. However, the diffusion of new technologies can prove a costly and lengthy process, meaning that many firms do not invest in best-practice technologies. The author offers important new explanations for this energy-efficiency paradox. This volume contributes to a better understanding of the interplay between economic growth, energy use and technological change, with particular emphasis on the adoption and diffusion of energy-saving technologies. In the theoretical section, the author examines how several characteristics of technological change and environmental policy affect the dynamics of technology choice. He demonstrates how technological complementarity, learning processes and uncertainty can help explain why the innovation and diffusion of new technologies is such a protracted and complex procedure. The empirical section explores long-run trends in energy and labour productivity performance, as well as patterns of substitutability and technological change across a range of OECD countries. The book concludes by integrating the results in an applied policy model of economy-energy interaction. This book is unique in applying insights from different perspectives to the field of energy economics, and by focusing on the diffusion of energy-saving technologies rather than their innovation. It will be of immense value to academics and policymakers with an interest in energy economics, environmental economics and the interaction between economic growth and natural resources.

Research on the cutting edge of economics, ecology, and ethics is presented in this timely study. Building from a theoretical critique of the tradition of cost-benefit analysis, the contributors lay the foundation for a macroeconomics of environmental sustainability and distributive justice. Attention is then turned to three of the most critical areas of social and environmental applied research - biodiversity, climate change, and energy. The contributors redefine progress away from growth and toward development. To this end, the first section of the book tackles the dominant framework used in the US today to evaluate tradeoffs between economic growth and its inherent externalities. Succeeding chapters cover a wide variety of studies related to biodiversity health and energy. Each section is anchored with overviews by top scholars in these areas - including Herman Daly, Carl McDaniel, Stephen Schneider, and Nathan Hagens - and followed by detailed analyses reflecting the transdisciplinary approach of ecological economics.Students and scholars of ecological, environmental, and natural resource economics, sustainability sciences, and environmental studies will find this book of great interest. Non-profit and government agencies in search of methods and cases that merge the study of ecology and economics will also find the analyses of great practical value.

Following a comprehensive overview by the editors, this volume's expert contributors provide detailed discussion of important legal, ecological and social issues associated with coastal resource management, as well as the most significant challenges confronting land use planners and resource managers in coastal communities. Using an interdisciplinary approach to perplexing questions surrounding the issue of development versus protection, the volume presents a broad approach to coastal issues involving private rights and public trust.Part I: The Law and Coastal Environments provides background information on the more recent federal and state lawsuits, statutes and regulations that impact coastal environments. In Part II: Ecological Consequences for Coastal Development, scientists discuss threats posed by elevated nitrogen levels and heavy metal contamination in coastal waters, followed by descriptions of the impact of development on habitats essential to estuarine-dependent fish and migratory shorebirds. In Part III: Private Use, Public Trust and Coastal Protection the authors explore ways to balance private use of the coast with public rights of access and preservation. They discuss the concept of stewardship by both public and private landowners, factors affecting environmental values in coastal communities, and facilitation of enlightened public policies for growth management and resource protection. Appropriate for courses pertaining to coastal ecology, coastal management or land-use planning, this book will also appeal to a diverse audience of economists, concerned citizens, environmental lawyers and policymakers.

This book is the first attempt to systematically introduce the aspect of time into economic and environmental innovation policy. The authors demonstrate how 'windows of opportunity' for technological innovations emerge and also explain how they can be identified and effectively exploited. Technological innovations are widely considered as an opportunity to realise a double dividend - protect the environment and increase profits by introducing a more sustainable technology. However, intervention by the state is often needed to overcome the competitive disadvantage caused by externalities, path dependency and lock-in. The authors provide extensive evidence that this resistance to technological change is subject to substantial temporal variation. They argue that it is economically and politically sensible to identify periods of time in which resistance is weakest and to exploit these 'windows of opportunity' whenever and wherever they occur. They also highlight how time strategies for innovation policy can involve the preparation and creation of 'windows' which do not yet exist. Throughout the book, they use an array of varied and interesting case studies to confirm and illustrate their theoretical findings. These address issues such as CFC phase-out, the lean-burn engine versus the catalytic converter, ecological alternatives to chemical pesticides and the zero emission vehicle mandate in California. By exploring the relationship between time strategies and technological change, this book will undoubtedly lead to a more efficient and sustainable innovation policy. It will be required reading for academics, researchers and policymakers working in the fields of environmental innovation, sustainability, technology policy and political science.

Rutger Hoekstra examines the complex relationship between the monetary economy and the materials flows that are extracted and emitted by economic activities. These physical flows are responsible for many important environmental problems such as unsustainable resource depletion, waste production and climate change. This book discusses, applies and improves upon techniques which link the monetary and physical economies for environmental analyses. The book uses two sources of analysis: the physical input-output table (PIOT), a macro-economic account for the physical economy, recording material and product flows, including resource extraction, emissions and recycling; and structural decomposition analysis (SDA), which assesses the influence of structural changes, such as economic growth, consumption shifts, export growth and technological change, on environmental indicators. Methodological improvements in the PIOT and SDA systems are then presented by the author, and applied to empirical data. Ecological and industrial economists, along with those with an interest in environmental problems associated with the economy will find this book, with its extensive historical analysis and novel fore- and back-casting models, to be a fascinating read.

Ecological Economics and Sustainable Development comprises a carefully chosen selection of some 25 articles, speeches, congressional testimonies, reviews, and critiques from the last ten years of Herman Daly's ever-illuminating work.This book seeks to identify the blind spots and errors in standard growth economics, alongside the corrections that ecological economics offers to better guide us toward a sustainable economy - one with deeper biophysical and ethical roots.Under the general heading of sustainability and ecological economics, many specific topics are here brought into relation with each other. These include: limits to growth; full-world versus empty-world economics; uneconomic growth; definitions of sustainability; peak oil; steady-state economics; allocation versus distribution versus scale issues; non-enclosure of rival goods and enclosure of non-rival goods; production functions and the laws of thermodynamics; OPEC and Kyoto; involuntary resettlement and development; resource versus value-added taxation; globalization versus internationalization; immigration; climate change; and the philosophical presuppositions of policy, including the policies suggested in connection with the topics above.This fascinating work will appeal to scholars and academics of ecological, environmental, development, and environmental resource economics and studies.

This significant new book analyses fundamental changes in society-nature interaction: the socioeconomic use of materials, energy and land. The volume presents a number of case studies addressing transitions from an agrarian to an industrial socioecological regime, analysed within the materials and energy flow accounting (MEFA) framework. It is argued that by concentrating on the biophysical dimensions of change in the course of industrialization, social development issues can be explicitly linked to changes in the natural environment. From the historical transition in Europe, to current transitions in developing countries, the book offers a broad and comprehensive analysis of transition processes across scales, from local to national. The comparison of historical and current assessments allows a theory of the underlying patterns of the agrarian-industrial transition to emerge. On this basis, future trends and possible pathways towards (or indeed further departures from) sustainability are discussed.Empirical in character and cautious in its assumptions, this insightful book provides rich and in-depth material for further studies in socioecological research. It will be essential reading for students and researchers of ecological economics, industrial ecology, human ecology, environmental sociology, environmental history, geography as well as land, energy and development studies.

This book asks under which conditions cooperation is in the interest of the riparian countries sharing international waters, and how institutions must be designed to realize potential gains of cooperation. The author, Ines Dombrowsky, develops a conceptual framework that draws upon different economic theories, including the theory of external effects, non-cooperative game theory and transaction costs economics. She distinguishes the different types of externality problems inherent in international water management and specifies the institutional prerequisites for cooperation. She argues that the respective problems differ with respect to the need to define property rights and to establish enforcement mechanisms. The book also explores the role of issue linkage and of international organizations to foster cooperation. The theoretic considerations are compared and contrasted with the findings of a global review of international water treaties and organizations.By taking hydrological and legal aspects into account, this book provides an interdisciplinary contribution at the interface of hydrology, law and economics. As such, it is addressed to scholars, practitioners and policy-makers, including economists, political scientists, international lawyers, natural scientists, and water resource managers.

Frequent references are made to the 'Asian economic miracle' as a means of describing the wave of GDP growth experienced across the Asia-Pacific region over the past twenty years. Implicit in this description is the assumption that the Asia-Pacific region has progressed at the same rate that GDP has risen over the same period. But is this truly the case? Employing a Genuine Progress Indicator as an alternative measure of sustainable welfare, the contributors to this book aim to answer this question by presenting case studies of seven Asia-Pacific nations. The results reveal that all is not as positive as conventional indicators might suggest. The book shows that the three wealthy nations - Australia, New Zealand, and Japan - have long reached a level of GDP beyond which further growth is detrimental to their sustainable welfare while the four poorer nations - China, India, Thailand, and Vietnam - are fast approaching a similar situation, but at much lower per capita levels of sustainable welfare. In view of these results, it is argued that genuine progress in the Asia-Pacific region requires the wealthy nations to focus on qualitative improvement (development) rather than GDP growth. As for the poorer nations, it is argued that population stabilisation demands urgent attention while the GDP growth required over the next two to three decades must be as clean, efficient, and equitable as possible.Sustainable Welfare in the Asia-Pacific will appeal to a wide audience of academics and researchers in the areas of ecological, environmental and natural resource economics, development, green national accounting, and environmental management. It will also find a readership in policymakers, environmental managers and NGOs, particularly in the Asia-Pacific region.

Reforestation and avoiding deforestation are methods of harnessing nature to tackle global warming - the greatest challenge facing humankind. In this book, Colin Hunt deals comprehensively with the present and future role of forests in climate change policy and practice. The author provides signposts for the way ahead in climate change policy and offers practical examples of forestry's role in climate change mitigation in both developed and tropical developing countries. Chapters on measuring carbon in plantations, their biodiversity benefits and potential for biofuel production complement the analysis. He also discusses the potential for forestry in climate change policy in the United States and other countries where policies to limit greenhouse gas emissions have been foreshadowed. The author employs scientific and socio-economic analysis and lays bare the complexity of forestry markets. A review of the workings of carbon markets, based both on the Kyoto Protocol and voluntary participation, provides a foundation from which to explore forestry's role. Emphasis is placed on acknowledging how forests' idiosyncrasies affect the design of markets for sequestered carbon. The realization of forestry's potential in developed countries depends on the depth of cuts in greenhouse gas emissions, together with in-country rules on forestry. An increase in funding for carbon retention in tropical forests is an immediate imperative, but complexities dictate that the sources of finance will likely be dedicated funds rather than carbon markets. This timely and comprehensive book will be of great value to any reader interested in climate change. Policy-makers within international agencies and governments, academics and students in the fields of geography, economics, science policy, forestry, development studies as well as carbon market participants and forest developers in the private sector will find it especially useful.

Ecological Economics and Sustainable Development comprises a carefully chosen selection of some 25 articles, speeches, congressional testimonies, reviews, and critiques from the last ten years of Herman Daly's ever-illuminating work.This book seeks to identify the blind spots and errors in standard growth economics, alongside the corrections that ecological economics offers to better guide us toward a sustainable economy - one with deeper biophysical and ethical roots.Under the general heading of sustainability and ecological economics, many specific topics are here brought into relation with each other. These include: limits to growth; full-world versus empty-world economics; uneconomic growth; definitions of sustainability; peak oil; steady-state economics; allocation versus distribution versus scale issues; non-enclosure of rival goods and enclosure of non-rival goods; production functions and the laws of thermodynamics; OPEC and Kyoto; involuntary resettlement and development; resource versus value-added taxation; globalization versus internationalization; immigration; climate change; and the philosophical presuppositions of policy, including the policies suggested in connection with the topics above.This fascinating work will appeal to scholars and academics of ecological, environmental, development, and environmental resource economics and studies.

This important new book develops an ecological-economics perspective on sustainability at the regional, national and international level. It explores prospects for sustainable development using methods firmly grounded in empirical reality, as well as emphasizing scientific, economic and socio-political concerns.This approach is based on the construction of non-monetary indicators for sustainability, and the application of cost-effectiveness analyses to identify robust alternatives for the achievement of specified policy norms. In calculating the requirements for sustainability the contributors attach importance to multiple criteria decision aid (MCDA) methods of analysis to evaluate the key components of sustainability and help assess the sustainability of aregional or national economic development trajectory. Case studies of water pollutants in the Bretagne region in France and greenhouse gas reduction in Europe are used to investigate resource allocation from this perspective. The contributors utilize the M3ED model - a structural economy-environment simulation model which gives a multi-sectoral representation of a national economy's production, final consumption and environmental pressures - to explore feasible economic futures. It is applied to scenarios in France to demonstrate ways that prospects for sustainability can be investigated at a national level. The contributors compare and contrast these models with the aims of more typical neoclassical modelling in their search for the most effective approaches to defining operational measures for sustainability. This book will be of great interest to academics in the field of ecological and environmental economics and to policymakers and planners in government and industry.

This major new book presents recent advances in the theory and practice of environmental valuation and resource management. Leading experts in the field present methodological and empirical evidence for applying valuation methods to ecological policy problems.The methodological contributions examine such themes as uncertainty, distributional conflict, positional analysis, weak comparability and the need for collective solutions to environmental problems. Case studies are incorporated to support these theoretical reflections. A number of empirical studies are used to demonstrate and evaluate valuation practices in a variety of institutional and policy settings. These range from international environmental issues such as climate change and transboundary atmospheric pollution, to species preservation and coastal ecosystem protection. The contributors conclude that effective approaches for the evaluation of environmental risks, degradation and benefits must be specifically designed as functions of institutional, social and ecological factors.Valuation and the Environment will be essential reading for students and scholars of environmental and ecological economics, environmental management and regulation, resource management and public policy.

This ground-breaking book focuses on neo-Austrian capital theory and its application to the modelling of long-run economy-environment interactions.The book begins by presenting an overview of the modelling approach and offers an historical survey of capital theory and its development. The authors then provide a detailed introduction to the neo-Austrian modelling technique and extend it to include time horizons and growth models. The model is then applied to environmental issues such as green national accounts, resource rents and climate change to show how the neo-Austrian approach gives fresh and illuminating insights. An empirical application to the iron and steel industry is also presented.Capital and Time in Ecological Economics will be of interest to ecological and environmental economists, economic capital theorists and all those following developments in the neo-Austrian approach to economics.

Economy and Ecosystems in Change addresses ecological problems from an economic perspective, and provides policy suggestions for resource management and environmental sustainability based on integrated, multidisciplinary information, methods and applications.The book begins by introducing the different approaches and applications within ecological economics and clarifying new elements and fundamental principles. This initial discussion includes a comparison between ecological and environmental economics and the evaluation and function of ecosystems. The authors then examine the macroeconomy-ecosystem relationship with reference to national and global processes, focusing specifically on employment versus sustainability, trade, industrial transformation and rural development. In the third part there is an evaluation of whether ecosystems and economics can be treated independently; it is argued that the integration of these fields provides more complete insights and information for addressing the complex relationships between human activities and natural processes. Finally, the authors consider the institutional environment and policies affecting public ecosystems subject to economic uses. Using case study evidence, they conclude that public policy often supports an unsustainable use of resources. To counter this the authors propose policy and management options based on natural resource accounts, practical policy objectives and the precautionary principle.Economy and Ecosystems in Change will be of interest to ecological, environmental and resource economists and policymakers.

The quantity of fossil fuels left on the planet is limited, and their use is subject to further restrictions due to constraints on CO2 emissions. This crisis has brought to the forefront of the political agenda the need for a conversion to a sustainable society. In this compelling book, a backcasting approach based on energy flows is used to evaluate the physical constraints on sustainable development.The starting point for the backcasting approach is the definition of a desired situation at a determined point in the future. This leads to the development of scenarios that connect our present status with the desired future point. This detailed, quantitative approach gives insights into the challenges that lie ahead in order to realise our goal. This book clearly displays large sets of expectations concerning the development of future population size and wealth, technological improvements and resource quantities. These are used to discuss the overall possibility for a transition to a sustainable society and highlight the dilemma between equity and environmental quality. A selection of other energy-scenario studies using different approaches are also discussed and contrasted with the backcasting model. The book concludes with some reflections on the institutional and socio-psychological aspects of a transition to sustainability and recommends a goal-oriented policy to implement this change.This book will prove essential reading for those with an interest in ecological economics, energy and environmental policymakers and research planners.

Integrated assessment modelling is an active and rapidly developing field, triggered by the debate on climate change and the move towards the goal of sustainable development. This book provides an integrated approach to modelling, using a transdisciplinary approach. The author summarizes the main issues involved in the changing global system, and gives an overview of the emerging field of integrated assessment. He then presents a general discussion of the methodological principles of a multidisciplinary integrated modelling approach. Existing tools are examined and new methodological approaches are applied to various aspects of the problem of global change. The case studies focus on optimizing climate change mitigating policies, the allocation of emission rights and the the adaptive behaviour of social and biological agents. Special attention is given to the role of uncertainty, especially the subjective interpretation of uncertainties (world views), and the role of adaptive multi-agent modelling. The book concludes with a discussion on future uses of integrated assessment modelling in the global environment.Modelling Global Change will be vital to economists and scientists who have an interest in integrated assessment modelling, global modelling and decision support, environmental and ecological economists and those interested in sustainable development.

This important book addresses the prospects for reconciling economic competitiveness with sustainable development. It shows that we cannot simply assume that changes in public attitudes, business policies and government regulation will guarantee the conditions for long-term ecological, social and economic sustainability.On the basis of new original case studies, the authors consider corporate environmental strategies, technological change and sustainable development as a social partnership between firms, citizens and government. They suggest that competitiveness must be considered as a dynamic process requiring proactive and reactive adjustments by business and government institutions all working towards sustainability.Sustainbility and Firms combines intellectual rigour with accessibility to communicate fundamental ideas to help policy decision-makers, enterprise managers, environmental scientists and economists grapple effectively with the problems of competitiveness, technological change, strategies of firms, governance and sustainable development.