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Policies designed to address climate change have been met with limited success. Multilateral treaties, agreements and frameworks linked to the UN and COP meetings have so far failed to limit the rise in average global temperature. Rethinking Climate Policy suggests that one of the most important reasons for this is that we are looking at the economics of climate change in the wrong way, arguing that we need to look at climate change as a problem of resource creation, not resource allocation. It identifies problems in current climate policymaking, breaking many taboos in standard economics, to offer a bold proposal for effective and achievable public policy to achieve a zero-carbon economy. Underpinned by both a sound economic and complex systems analysis, this book develops a groundbreaking metric of economic resilience to measure the capacity of economies to transform without breaking down and accordingly how to best design climate policies.
Nordic Capitalism shows how democratic capitalism supports freedom, shared prosperity, and sustainability through a comparative analysis of Nordic and American capitalisms. Drawing on real-world examples and personal experience, Robert Gavin Strand distills ten core lessons from the Nordic context to advance a more just, dignified, and sustainable form of capitalism. He examines how Nordic nations consistently lead in the Sustainable Development Goals (SDGs) rankings and societal well-being indicators, and how Nordic companies frequently top sustainability and stakeholder performance rankings. Challenging the assertion that there is 'no alternative' to American-style capitalism rooted in neoliberalism, he dispels the mischaracterization of Nordic societies as 'socialist.' Blending rigorous scholarship with compelling storytelling, this book speaks to scholars, business leaders, policymakers, students, and concerned citizens. The Nordic variety of capitalism serves as a North Star – offering practical guidance and hope for realizing sustainable capitalism. This title is also available as open access on Cambridge Core.
Since the United States hosted the Leaders' Summit on Climate in 2021, numerous countries have committed to net-zero emission targets. Given the size of their economies, populations, and greenhouse gas emissions, emerging markets and developing economies in South, East, and Southeast Asia will play a key role in determining whether or not these targets are achieved. The Net-Zero Transitions in Energy and Finance focuses on the net-zero transition in Southeast Asia and applies the lessons learned to other major emerging markets and developing economies. It argues that net-zero emission targets require not only synchronised changes of the complementary elements in energy systems but also in the financial institutions that fund and invest in facilitating system transitions. Proposing novel frameworks for analysing electricity system transitions with empirical evidence, this book identifies enabling factors, drivers, and barriers, and offers solutions for overcoming the challenges of multi-sector transitions.
Climate change and its mitigation has become one of the most pressing challenges facing our societies. Shocks and phenomena related to climate change cause important economic losses due to damages to property infrastructure, disruptions to supply chains, lower productivity, and migration. Climate Economics and Finance offers a comprehensive analysis of how climate change impacts the economy and financial systems. Focusing on the monetary and financial implications of climate change, it addresses critical yet often overlooked areas such as greenflation, public and private financing of the transition process, and the challenges faced by central banks and supervisors in preventing and managing associated risks. It delves into the challenges that emerging and developing economies face in accessing climate finance, highlighting innovative financial and de-risking solutions. Synthesizing state-of-the-art research and ongoing policy discussions, this book offers a clear and accessible entry point into the intersection of climate and finance.
Why does animal welfare matter? For some, it is because people care about animals; for others, it is because animals themselves are morally relevant. Given the importance of welfare in economics research and the debates around climate change and biodiversity loss, more economists are becoming interested in the economics of animal welfare. Animal Economics provides a general introduction to this new field. It explores the complexity of the behavioral attitude of humans toward animals using behavioral economics and explains how existing economic theory can be applied to understand animal welfare as an externality. Combining theory and empirical research to address key issues in animal welfare, including ethical perspectives, public opinion, market demand, and policy design, this book builds on economics principles to explore how to implement optimal policies that reflect human proanimal concerns and the moral status of animals.
Regionally dominant extractive sectors - including Brazilian cattle ranching, Amazonian narco-gold mining, and Finnish paper pulping - provide the foundation for this book's analysis of the range of motivations for deforestation. This framing allows for a discussion of the global political economy and ecology in general, and an in-depth examination of the varieties of extractivisms that define land and resource use. The chapters take an interdisciplinary approach, drawing on political ethnography and world systems analyses across the Global North-South divide. The book develops and applies a new theory that identifies regionally dominant political-economic systems as the driving forces behind deforestation. This book is essential reading for advanced students, researchers, and policy makers working in (de)forestation, environmental studies, environmental law, economics, conservation, climate change, and sustainability, leading to a deeper understanding of why our planet's forests are under threat. This title is also available as Open Access on Cambridge Core.
Changing geopolitical realities have seen the Gulf region turning to Asia and Africa to build new economic links, while strengthening old ones. This proactive internationalism is visible not just in economics and energy, but also in politics and security where a host of new agreements has been developed. This work provides an overview of the ways in which the GCC states now need to move ahead with reforms that will reflect issues such as raised expectations from a period of high revenues and the region's demographics.The work brings together state-of-the-art analysis by international scholars who participated in a major joint initiative by the EU and the GCC, the al-Jisr Gulf-Europe Research Program.
This volume provides a cross-cutting analysis of the policy challenges related to GCC labor markets. It analyzes the different dimensions of segmentation of these markets, factors of change influencing labor supply such as trends in education and demography, as well as the impact of potential future reforms in areas such as immigration policy, labor sponsorship, taxation and minimum wages. The work therefore provides an overview of what arguably will be the core socio-economic challenge for the GCC in the coming years. The work brings together state-of-the-art analysis by international scholars who participated in a major joint initiative by the EU and the GCC, the al-Jisr Gulf-Europe Research Program.
As the world moves with increasing urgency to mitigate climate change and catalyze energy transitions to net zero, understanding the governance mechanisms that will unlock barriers to energy transitions is of critical importance. This book examines how the clean energy regime complex-the fragmented, complex sphere of governance in the clean energy issue area characterized by proliferating and overlapping international institutions-can be effective in fostering energy transitions at the domestic level, particularly in emerging market and developing economies (EMDEs). Through comparative case studies of geothermal development in Indonesia and the Philippines, the chapters provide two different tales of energy transitions, demonstrating how domestic factors have hindered or facilitated progress. This book will be useful for students, researchers, and practitioners working in international relations, energy politics, political science, development studies, public policy, international law, and sociology. This title is also available as Open Access on Cambridge Core.
What is the role of emerging markets within the global financial system? Are they subordinate or do they have autonomy to use finance for state objectives? This book brings together leading scholars to address these important questions, offering profound insights into how emerging markets are reshaping global finance.
The Gulf countries have adopted a unique combination of policies to encourage diversification with largely positive results, while there are significant distinctions between the individual cases. This work evaluates various examples to show the extent to which the Gulf economies have diversifed to date, and how results can be measured, taking into consideration factors such as composition of GDP or exports; government services; and the categorization of industrial activities downstream of resources extraction (oil refining, petrochemicals) and their availability (aluminium, phosphates, iron, steel, glass and other energy- and resource-intensive industries). This work brings together state-of-the-art analysis by international scholars who participated in a major joint initiative by the EU and the GCC, the al-Jisr Gulf-Europe Research Program.
Asia constitutes the hub of the transformation of global economic power today. The Gulf, itself part of Asia, is of increasing importance in this transformation. This book documents the growing interactions between the economies of the Gulf states and those of the rest of Asia. These relationships are critical to how the world economy develops over the next decade, and how economic (and perhaps strategic) power is distributed.This volume assembles cutting-edge thinking by sixteen specialists on a wide variety of topics covering Arab Gulf relations with China, Japan, ASEAN, Korea and India, as well as with Russia, Iran and Turkey.
Bond markets in the GCC countries are underdeveloped, and the capital mix is heavily skewed towards banks, while ambitious development plans in fields like petrochemicals and infrastructure, as well as a rapidly growing population, create an increased need for finance. This study outlines the structure of various segments of GCC financial markets and points to regulatory challenges and future developments, ranging from capital market structures to the planned GCC Monetary Union, Islamic banking, and sovereign wealth funds. The work brings together state-of-the-art analysis by international scholars who participated in a major joint initiative by the EU and the GCC, the al-Jisr Gulf-Europe Research Program.
This book provides a comprehensive analysis of the environmental, economic, and health impacts of climate change already being felt by vulnerable countries. It features personal stories from local pastoralists, peasant farmers, youth activists, and vulnerable workers worldwide, highlighting the human side of climate change. The book presents the work that the Climate Vulnerability Forum (CVF) and its V20 Finance Ministers (CVF-V20) have done to push for urgent global cooperation on the climate crisis. Detailed case studies from many CVF-V20 countries illustrate the need for adaptation and resilience and offer a blueprint for action that can be followed by others. The book offers invaluable insight for students of environmental studies and economics, Earth sciences, human and political geography, and political science, as well as for activists, policymakers, and concerned citizens. This title is also available as Open Access on Cambridge Core.
Written for undergraduate students with little or no exposure to economics, this introductory textbook offers a new perspective on environmental economics for the 21st century. It explains how economics for a sustainable world requires a new approach: accepting that the economy is intrinsically dependent on nature. Drawing on up-to-date case studies from around the globe, the book examines how economic concepts and techniques can apply to a wide range of environmental challenges while ensuring that poor and vulnerable members of society are included in progress toward sustainable development. The book also addresses current environmental policy options and innovations at the local, regional, and international levels. Chapters cover key topics such as climate change, pollution, energy, minerals, forests, land use, oceans, biodiversity, and water scarcity. Included in the book are the following pedagogical features: learning objectives, boxed examples, discussion questions, lists of further resources, and a glossary.
The current shift to renewable energy is dominated by globalised energy companies building large-scale wind and solar plants. This book discusses the consequences and possibilities of this shift in India, Germany, and Australia, focusing on regions which have now largely decarbonised electricity generation. The authors show how centralised models of energy provision are maintained, and chart their impacts in terms of energy geography, social stratification, and socio-ecological appropriation. The chapters emphasise the prominent role played by state regulation, financial incentives, and public infrastructure for corporate renewables, arguing that public provision should be re-purposed for distributed renewables, social equity in affected regions, and for wider social benefit. This interdisciplinary book provides fertile building ground for research in - and application of - future energy transitions. It will appeal to students, researchers, and policy makers from anthropology, sociology, politics and political economy, geography, and environmental and sustainability studies.
We have most of the technology we need to combat the climate crisis - and most people want to see more action. But after three decades of climate COPs, we are accelerating into a polycrisis of climate, food security, biodiversity, pollution, inequality, and more. What, exactly, has been holding us back? Mike Berners-Lee looks at the challenge from new angles. He stands further back to gain perspective; he digs deeper under the surface to see the root causes; he joins up every element of the challenge; and he learns lessons from our failures of the past. He spells out why, if humanity is to thrive in the future, the most critical step is to raise standards of honesty in our politics, our media, and our businesses. Anyone asking 'what can each of us do right now to help?' will find inspiration in this practical and important book.
We are part of Nature, not separate from it. We rely on Nature to provide us with food, water and shelter; regulate our climate and disease; maintain nutrient cycles and oxygen production; and provide us with spiritual fulfilment and opportunities for recreation and recuperation, which can enhance our health and well-being. Nature's constituents such as ecosystems and the biodiversity that are embodied in them are therefore assets. Yet Nature is more than an economic good: many recognise its intrinsic worth and argue that it has moral worth too. This landmark report explains the current state of play in relation to biodiversity loss and outlines a sustainable path to deal with this problem, one that will require us to change how we think, act and measure success. The report was originally commissioned and published by HM Treasury.
Energy economics and policy are at the heart of current debates regarding climate change and the switch from fossil fuels to renewable forms of energy. They are also crucial in dealing with energy supply and security issues caused by global shocks such as the war in Ukraine. An Introduction to Energy Economics and Policy outlines pressing issues concerning current global energy systems, particularly energy production and use. It presents economic frameworks for valuating policy goals and for understanding the major energy and climate challenges faced by industrialized and developing countries. Integrating insights from behavioural economics into the standard neoclassical approach, particularly the role of behavioural anomalies, this book offers a novel introduction to energy economics and policy and provides a fresh perspective on real-world issues in energy and climate. This title is also available as open access on Cambridge Core.