The World Economy And The Environment

Climate change remains a global challenge requiring international collaborative action. Another area where countries have successfully committed to a long-term multilateral resolution is the liberalization of international trade. Integration into the world economy has proven a powerful means for countries to promote economic growth, development, and poverty reduction. The broad objectives of the betterment of current and future human welfare are shared by both global trade and climate regimes. Yet both climate and trade agendas have evolved largely independently through the years, despite their mutually supporting objectives. Since global emission goals and global trade objectives are shared policy objectives of most countries, and nearly all of the World Bank's clients, it makes sense to consider the two sets of objectives together. This book is one of the first comprehensive attempts to look at the synergies between climate change and trade objectives from economic, legal, and institutional perspectives. It addresses an important policy question - how changes in trade policies and international cooperation on trade policies can help address global environmental spillovers, especially GHG emissions, and what the (potential) effects of (national) environmental policies that are aimed at global environmental problems might be for trade and investment. It explores opportunities for aligning development and energy policies in such a way that they could stimulate production, trade, and investment in cleaner technology options.

Presents an analysis of modern capitalism and its impact on the global environmental crises, and discusses how the transformation of current economic and political systems can lead to environmental sustainability.

Following 'Blueprint for a Green Economy' (the Pearce Report), David Pearce and his team have turned their attention to global environmental threats. If it makes sense to apply economic analysis to national environmental problems, then it makes even more sense to apply it to world-wide dangers. The authors start by describing the reasons for using economic approaches to common resources like climate, ozone and biodiversity. They then take a detailed look at the economic ways of tackling the issues involved in global warming, ozone layer depletion, environmental degradation in the Third World, population, rain forests, aid, equity, international environmental co-operation and what might amount to green foreign policies. They show not only how to take all these things into account in economic theory, but also the economic price of failing to do so. Blueprint 2 is an agenda for international and governmental economic action.

This book is about cities as engines of consumption of the world's environment. It examines these issues through the impact of the Rio Declaration and assesses the extent to which it has made a difference.

Over the last year, the world has seen some cataclysmic changes. Eastern Europe is no longer yoked with Soviet communism, Germany is again a single, powerful nation, and Russia itself is pursuing a free-market economy at an almost frantic pace. Yet as we focus on the triumph of democracy, it is easy to overlook the potentially catastrophic changes that face the world environment, changes that are inextricably linked to the workings of the political and economic institutions of our time.Beyond Interdependence builds upon the Brundtland Commission's landmark report Our Common Future, a book that has been hailed as "the most important document of the decade on the future of the world" and has sold over one-half million copies in nineteen foreign languages. Dr. Jim MacNeill, the principal author of both works, has in this latest study extended the Commission's analysis of the critical relationships between the global environment, the world economy, and the international order. Together with his eminent colleagues, Pieter Winsemius and Taizo Yakushiji, MacNeill shows that while our global economy and ecology have become completely interlocked, they have remained separate in our institutions, and in the minds of our policymakers. The result is a wide range of domestic and international policies that are accelerating the depletion of Earth's basic ecological (and economic) capital--its rivers, lakes, and oceans, its soils and forests, its flora and fauna, and its ozone shield. These short-sighted policies also threaten us in the next century with a greater rise in global warming and sea level than have occurred in the ten-thousand years since the last ice age. The authors argue that this environmental degradation and resource depletion will be the principal source of interstate conflict in the post-cold war world.Providing a fresh analysis of the issues of global change, and taking into account such recent events as the tidal-shift in East/West relations and the G7 Economic Summit in Houston, Beyond Interdependence shows how industrialized nations can take unilateral action to address environmental threats while improving macroeconomic efficiency and international competitiveness. It also demonstrates how developed nations can negotiate a series of mutually advantageous "bargains" with Eastern European and Third World nations.With its incisive analysis and far-reaching recommendations for policy reform, Beyond Interdependence shows us how we can act urgently but intelligently to advance our common future.

This report provides a new detailed quantitative assessment of the consequences of climate change on economic growth through to 2060 and beyond.