Measuring The Natural Environment

Measurements of natural phenomena are vital for any type of environmental monitoring, from the practical day-to-day management of rivers and agriculture, and weather forecasting, through to longer-term assessment of climate change and glacial retreat. This book looks at past, present and future measurement techniques, describing the operation of the instruments used and the quality and accuracy of the data they produce. The book will be important for all those who use or collect such data, whether for pure research or day-to-day management of the environment. It will be useful for students and professionals working in a wide range of environmental science: meteorology, climatology, hydrology, water resources, oceanography, civil engineering, agriculture, forestry, glaciology, ecology. The first edition received excellent reviews and this new edition has been expanded considerably, through the addition of six new chapters and the extension and modification of many of the existing chapters.

Non-market valuation is becoming increasingly accepted as an evaluative tool of economics related to environmental and resource protection. Freeman (economics, Bowdoin College) presents an overview of the literature, introducing the principal methods and techniques of resource valuation. Chapters cover the measurement of welfare changes, revealed and stated preference models, nonuse models, aggregation of values across time, environmental quality as factor input, longevity and health valuation, property value models, hedonic wage models, and recreational uses of natural resource systems. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).

The first edition of this important work was the winner of the 2002 Publication of Enduring Quality award by the Association of Environmental and Resource Economists. The continuing premise for the book is that estimates of the economic values of environmental and natural resource services are essential for effective policy-making. As previous editions, the third edition, which includes two additional co-authors, presents a comprehensive treatment of the theory and methods involved in estimating environmental benefits. Researchers, policy-makers, and practitioners will welcome the work as an up-to-date reference on recent developments. Students will gain a better understanding of the contribution that economics as a discipline can make to decisions concerning pollution control and human health, recreation, environmental amenities, and other critical issues concerning the way we use and interact with environmental and natural resource systems. To reflect recent progress in both the theory and practice of non-market valuation, the third edition includes more details on empirical approaches to measurement, expanded discussion of the reasons for divergence between "willingness to pay" and "willingness to accept compensation," and increased coverage of econometric issues encountered in estimation. In keeping with its cutting edge orientation, it also includes more discussion of survey design, equilibrium sorting models, and the implications of behavioral economics for welfare measurements and benefit cost analysis.

Measurements, Indicators, and Research Methods for Sustainability presents a thorough and accessible overview of the ways in which sustainability is charted worldwide. Some articles introduce basic concepts, such as quantitative versus qualitative data or the weak versus strong sustainability debate; others examine how indicators in specific areas (climate change and soil conservation, agriculture, and mining) have been applied (or not) to different regions. Research analysts explain the modes and media through which these measurements are broadcast, stressing the importance of developing methods that can be understood by both experts and ordinary citizens. They also examine the process of monitoring, itself a controversial topic affecting national or international policy, law, rules, and regulations.

During the last decades, environmental economics as a science has been very successful in improving our understanding of environment-economy interdepen dence. Using conventional economic methodology, environmental aspects have been explicitly incorporated into economic models making use of the concept of externality. This concept was already familiar to economists long before evidence of severe environmental deterioration found its way into the headlines and peo ple's awareness. But before that time, external effects were not considered as being empirically very relevant, they seemed to be -like the example of the bees and the fruit trees - somewhat bucolic in nature. All that changed dramatically when it was no longer possible (or easy) to ignore the large-scale environmental disruption with its negative feedback on consumers and producers caused by growing pollution and excessive use of environmental resources. In diagnosing the discrepancy between private and social cost as the cause of the problem, the externality paradigm proved very useful. The correct diagnosis implies the straightforward cure to internalise all external cost, namely the damage cost of pollution. But it is one thing to identify the qualitative nature of the problem at an abstract conceptual level and quite another thing to place specific money values on pollution damage and society's valuation of the environment, respectively, in the context of specific pollution (control) problems. Very often it is controversial not only how inefficient the no-policy situation is but also what exactly the net benefit of any public action of reducing pollution is.