Economic Development And Environmental Policy

Publisher description

This book should interest all students and scholars of environmental economics and particularly those interested in the relationship between economic growth and environmental quality.

Cornerstone of Development: Integrating environmental, social and economic policies

The book is based on seminars conducted by the World Bank Institute in collaboration with the Foundation for Advanced Studies on International Development, Japan

Over the past decades, governments have gradually adopted more rigorous environmental policies to tackle challenges associated with pressing environmental issues, such as climate change. The ambition of these policies is, however, often tempered by their perceived negative effects on the economy.

This book focuses upon the potential to integrate economic and environmental policies at the local and regional scale. Local initiatives are investigated within their wider economic and environmental policy contexts in order to illustrate both the constraints and opportunities for local policy makers. Attention is given to global economic trends, as well as to the specific policy contexts of the European Union and the national contexts of the UK, USA, Australia, Japan and Sweden. The key principles for designing integrative policies and descriptions of initiatives and projects in a variety of locations are also considered.

A key area of public policy in the last twenty years is the question of how, and how much, to protect vthe environment. At the heart of this has been the heated debate over the nature of the relationship between economic growth and environmental sustainability. Is environemental sustainability economic growth or `green growth', a contradiction in terms? Avoiding the confusion that often surrounds these issues, Ekins provides rigorous expositions of the concept of sustainability, integrated environmental and economic accounting, the Environmental Kuznets Curve, the economics of climate change and environmental taxation. Individual chapters are organised as self-contained, state-of-the-art expositions of the core issues of environmental economics, with extensive cross-referencing from one chapter to another, in order to guide the student or policy-maker through these complex problems. Paul Ekins breaks new ground in defining the conditions of compatibility between economic growth and environmental sustainability, and provides measures and criteria by which the environmental sustainability of economic growth, as it occurs in the real world, may be judged. It is argued that `green growth' is not only theoretically possible but economically achievable and the authors show what environmental and economic policies are required to achieve this. Economic Growth and Environmental Sustainability will be welcolmed by students of and researchers in environmental economics and environmental studies, as well as all interested policy-makers.