Markets And The Environment Second Edition

"A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. ... Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments .... The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon."--Publisher's web site.

Water is becoming increasingly scarce. If recent usage trends continue, shortages are inevitable. Aquanomics discusses some of the instruments and policies that may be implemented to postpone, or even avoid, the onset of water crises. These policies include establishing secure and transferable private water rights and extending these rights to uses that traditionally have not been allowed, including altering in-stream flows and ecosystem functions. The editors argue that such policies will help maximize water quantity and quality as water becomes scarcer and more valuable. Aquanomics contains many examples of how this is being accomplished, particularly in the formation of water markets and market-like exchanges of water rights.Many observers see calamity ahead unless water supplies are harnessed and effectively conserved, and unless water quality can be improved. It is also clear that declining water quality is a serious problem in much of the world, as increasing human activities induce high levels of water degradation. Those who voice these concerns, argue the contributors to this volume, fail to consider the forces for improvement inherent in market political-economic systems that can address water issues. The contributors see water quality in economically advanced countries as improving, and they believe this establishes the validity of market-based approaches.

The world carbon market is growing at a staggering rate with trading volumes into the tens of billions of dollars and approaching a billion tonnes of carbon dioxide. The growth prospects for business are enormous and the potential positive impacts for greenhouse gas emission reductions, climate policy options, renewable energy investment, development projects and efficiency gains are increasingly apparent.A key part of the market in greenhouse gas emissions is the rapidly growing voluntary carbon market driven by companies, organizations and individuals committed to efficiency, profitability and rapid action on climate change. HSBC, Volvo, Avis, Ricoh and American Express are but a few of the many companies now offsetting their greenhouse gas emissions and becoming 'carbon neutral', fuelling an international voluntary carbon market that is growing exponentially. This groundbreaking business book, written in a fast-paced journalistic style, draws together all the key information on international voluntary carbon markets with commentary from leading practitioners and business people. The voluntary market is complex, fragmented and multi-layered, but it is beginning to consolidate around a few guiding practices and business models from which conclusions can be drawn about market direction and opportunities.The book covers all aspects of voluntary carbon markets around the world: what they are, how they work and, most critically, their business potential to help slow climate change. It is the indispensable guide for anyone seeking to understand voluntary carbon markets and capitalize on the opportunities they present for economic and environmental benefit. If you want to be ahead of the curve for the next big thing, you need this book.

What is the source of our environmental problems? Why is there in modern societies a persistent tendency to environmental damage? From within neoclassical economic theory there is a straightforward answer to those questions: it is because environmental goods and harms are unpriced. They come free. This position runs up against a view which runs in entirely the opposite direction, that our environmental problems have their source not in a failure to apply market norms rigorously enough, but in the very spread of these market mechanisms and norms. The source of environmental problems lies in part in the spread of markets both in real geographical terms across the globe and through the introduction of markets mechanisms and norms into spheres of life that previously have been protected from markets. In this book, John O’Neill conducts a thorough examination of these two opposing viewpoints covering a discussion of the ethical boundaries of markets, the role of private property rights in environmental protection, the nature of sustainability and the valuation of goods over time. This book is essential reading for undergraduate and postgraduate students studying courses in ecological and environmental economics.

This new edition of Organisations and the Business Environment provides a completely revised, extended and updated edition of the original successful text. It provides contemporary and comprehensive coverage of the subject matter which is highly relevant to business and management students at undergraduate, postgraduate and professional levels. The text is written in a clear and concise style, illustrated with topical examples and data. Organisations and the Business Environment (second edition) comprises four sections: * Business Organisations ¡V discusses the evolution of organisational and managerial theories and concepts with particular emphasis on their relevance in the 21st century. The different types of organisations and their missions, visions, goals and objectives are examined. * The External Business Macro-Environment ¡V describes and considers the political, economic, socio-cultural, technological, ecological and legal influences on organisations, utilizing the PESTEL framework of analysis. This section includes a review of the internationalization of businesses and examines the role of GATT and the WTO, single markets and trading blocs. * The External Business Micro-Environment ¡V provides a review of the market system and the nature of supply and demand. Market structures are examined in the light of monopolistic regimes and working for competitive advantage. The impact of government intervention is explored via regulatory bodies, privatization, and nationalization programmes. * Business Management ¡V explores the major aspects of contemporary business organisations, including corporate governance and business ethics. In particular, this section tackles the areas of structure, culture, change, quality management and the principal functions of organisations. This textbook is a user-friendly resource with end of chapter questions, activities and assignments to consolidate learning. Its strong emphasis on topical examples enables students to understand how theory is applied in business contexts, including, GlaxoSmithKline, BT, Scottish and Newcastle, Hanson plc and a number of not-for-profit organisations. There is additional Tutor Resource material, including presentation slides, data charts, chapter summaries, questions and answers. "An excellent book...good use of learning objectives, questions and potential assignments." Paul Blakely, Lecturer, University College of Warrington.

A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. So it is with good reason that this book has become a classic text in environmental studies since its first publication in 2007. Now thoroughly revised with updated information on current environmental policy and real?world examples of market?based instruments, the primer is more relevant than ever. The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost?benefit analysis, market failures and successes, and economic growth and sustainability.

Nothing is more important to our world than finding a more comfortable relationship between the economy and the environment. While issues such as species loss, nitrate pollution, water scarcity and climate change are now attracting the political attention they deserve, their origin in the way our economy is organized is less frequently recognized. This book makes that connection both theoretically – with references to a number of heterodox approaches to economics – and practically through a number of specific issues. Environment and Economy begins by introducing readers to the pioneers of this field, such as Fritz Schumacher and Paul Ehrlich, who first drew attention to the disastrous consequences for our environment of our ever-expanding economy. Part II outlines the contributions to the field of Neoclassical Economics, Environmental Economics, Ecological Economics, Green Economics and Anti-Capitalist Economics. Part III takes a pluralist approach to using economic tools to solve a range of environmental problems: economic growth, resource depletion, pollution, globalization, climate change and markets vs. commons. Written in an accessible style, this introductory text offers students an engaging account of the ways that the various traditions of economic thought have approached the environment, bringing them together for the first time in one volume. The text is complemented by boxes, case studies and recommended reading for each theme addressed. It will be of value to students interested in environmental sciences, geography, green issues and economics.

Tisdell has produced one of the best books in print about the economics of environmental conservation. This volume updates the 1991 edition by discussing more current issues, theories, developments, and analytic frameworks. Tisdell masterfully weaves into many chapters insights from ecological economics a somewhat new area of economics that cannot be ignored in informed discussions of environmental conservation. . . Tisdell writes clearly and documents each chapter extremely well. He presents a quite balanced view on policy issues, discussing pros and cons of different policies. . . Overall, an extraordinary book. Essential. Academic collections, upper-division undergraduate and up. D.D. Miller, Choice I like it alot and would certainly recommend it to students as an excellent entry point into environmental economics. It is certainly comprehensive, covering international through to local environmental issues, developed and developing country experiences across both green and brown topics. The book is written in a highly accessible style and embodies a rigorous theoretical base on which is developed a host of practical examples of application. This reflects Tisdell s wide ranging experience as one of the senior statesmen of environmental economics. Jeff Bennett, The Australian National University A second edition of this book is to be warmly welcomed. The insights it offers into the sustainable use of ecological resources, especially in developing countries, are important for those coming to the study of environmental, resource or ecological economics for the first time. While the treatment of new topics such as globalization and the Environmental Kuznets Curve adds value to the original text, the inclusion of much material from the first edition helps remind us that there is a rich and long-standing literature on this topic. Charles Perrings, University of York, UK In the second edition of Economics of Environmental Conservation Clem Tisdell applies wisdom, experience and carefully developed economic theory to dozens of conservation issues. The result is a wide ranging book that skillfully employs ecological economics to analyse conservation issues drawn often from Australia and Asia and relevant in many countries. The policy options proposed to the diverse conservation issues reflect a philosophy developed during more than thirty years research. The book is a rich source of insight and inspiration for anyone analysing environmental conservation issues. Ross Cullen, Lincoln University, New Zealand Few economists have the breadth of experience and depth of analytical capability to comment with insight on the vast array of issues that now comprise the environmental agenda. Clem Tisdell is one of that small band. Here is a welcome expansion of his already successful Economics of Environmental Conservation. Highly recommended. David Pearce, University College London, UK This fully updated and comprehensively revised edition of a classic text concentrates on the economics of conserving the living environment. It begins by covering the ethical foundations and basic economic paradigms essential for understanding and assessing ecological economics. General strategies for global environmental conservation, policies for government intervention, developing countries, preserving wildlife and biodiversity, open-access to and common property in natural resources, conservation of natural areas, forestry, agriculture and the environment, tourism, sustainable development and demographic change are also all covered. This second edition deals with contemporary environmental policy issues that can be expected to be of lasting concern and importance each chapter benefiting from either the addition of substantial sections of new material, valuable explanations or updates and revisions in light of developments in theory or world events and conditions. Updated techniques of economic analysis are also introduced, explained simply, and a