Policy Instruments for Environmental and Natural Resource Management  book cover
2nd Edition

Policy Instruments for Environmental and Natural Resource Management

ISBN 9781617260988
Published December 13, 2011 by Routledge
656 Pages

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Book Description

Thomas Sterner's book is an attempt to encourage more widespread and careful use of economic policy instruments. The book compares the accumulated experiences of the use of economic policy instruments in the U.S. and Europe, as well as in rich and poor countries in Asia, Africa, and Latin America. Ambitious in scope, it discusses the design of instruments that can be employed in any country in a wide range of contexts, including transportation, industrial pollution, water pricing, waste, fisheries, forests, and agriculture.

While deeply rooted in economics, Policy Instruments for Environmental and Natural Resource Management is informed by political, legal, ecological, and psychological research. The new edition enhances what has already been widely hailed as a highly innovative work. The book includes greatly expanded coverage of climate change, covering aspects related to policy design, international equity and discounting, voluntary carbon markets, permit trading in United States, and the Clean Development Mechanism. Focusing ever more on leading ideas in both theory and policy, the new edition brings experimental economics into the main of its discussions. It features expanded coverage of the monitoring and enforcement of environmental policy, technological change, the choice of policy instruments under imperfect competition, and subjects such as corporate social responsibility, bio-fuels, payments for ecosystem services, and REDD.

Table of Contents

1. Background and Overview  Part 1: The Need for Environmental and Natural Resource Policy  2. Causes of Environmental Degradation  3. The Evolution of Rights  Part 2: Review of Policy Instruments  4. Direct Regulation of the Environment  5. Taxes  6. Tradable Permits  7. Subsidies, Deposit-Refund Schemes, and Refunded Emissions Payments  8. Property Rights, Legal Instruments, and Informational Policies  Part 3: Selection of Policy Instruments  9. Efficiency of Policy Instruments 10. Role of Uncertainty and Asymmetric information  11. Equilibrium Effects and Market Conditions  12. Distribution of Costs  13. Politics and Enforcement of Policy Instruments  14. International Aspects and Climate Change  15. Design of Policy Instruments  Part 4: Policy Instruments for Road Transportation  16. Environmental Damages Caused by Transportation and Road Pricing Vehicles  17. Taxation or Regulation for Fuel Efficiency  18. Fuel Quality Policies  19. Vehicle Standards, Urban Planning and Lessons Learned  Part 5: Policy Instruments for Industrial Pollution  20. Global Climate Change: International, Domestic Policies and Carbon Markets  21. Experience in Developing Countries  Part 6: Policy Instruments for the Management of Natural Resources and Ecosystems  22. Adapting Models to Ecosystems: Ecology, Time and Space  23. Water  24. Waste  25. Fisheries  26. Agriculture  27. Forestry  28. Ecosystems  Part 7: Conclusion

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Thomas Sterner is a professor of environmental economics at the University of Gothenburg. He is a former president of the European Association of Environmental and Resource Economists. He is the lead editor of the RFF Press-Environment for Development book series. Jessica Coria is a postdoc at the University of Gothenburg.