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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.
This book explores the seminal importance of the first UN Conference on the Human Environment in Stockholm 1972 – the Stockholm Conference – for the development of international environmental law. By bringing together world leading experts from academia and legal practice, the book charts the development of international environmental law in the 50 years since 1972 in the areas of nature and biodiversity, chemicals and waste, oceans and water, and atmosphere and climate, and with respect to structures and institutions, consumption and production, and human rights and participatory rights in environmental matters. It analyses how the ideas and concepts of the Stockholm Conference have influenced this development and explores the novel ideas that have emerged since then. It describes the approaches of the developed and developing countries in this process and the relationship between international environmental law and other areas of law, such as the law of the sea and international economic law.
Although the spatial dimension is embedded in most issues studied by environmental and resource economics, its incorporation into economic models is not widespread. As a result, significant aspects of important problems remain hidden, which could lead to policy failures. This Element fills this gap by exploring how space can be integrated into environmental and resource economics. The emergence of spatial patterns in economic models through Turing's mechanism is explained and an extension of Pontryagin's maximum principle under spatial dynamics is provided. Examples of the use of spatial dynamics serve to illustrate why space matters in environmental policy design. Moreover, the differentiation of policy when spatial transport mechanisms are considered is made clear. The tools presented, along with their applications, provide foundations for future research in spatial environmental and resource economics in which the underlying spatial dimension – which is very real – is fully taken into account.
Sustainability matters increasingly affect and concern central banks around the globe, while the perception of what they are legally empowered to do may differ depending on the jurisdiction at hand. This volume systematically assesses the role of central banks in matters of sustainability from different perspectives in academia and central banking practice – some more favourable of a proactive engagement of central banks in sustainability policies, others more critical and vigilant of legal and legitimacy boundaries of such engagement. The methodological approaches the authors deploy include legal-doctrinal analysis, qualitative empirical analysis, and economic theory. The essays together provide a balanced assessment of the role central banks can and should play in sustainability matters, addressing legal aspects, legitimacy concerns, and concerns of interinstitutional balance as well as economic and operational considerations. The book covers both developed and developing economies, where central banks are already facing the dire consequences of the warming climate.
Based on nearly a decade of collaboration by leading Indigenous and non-Indigenous legal experts and researchers, Indigenous Peoples Inspiring Sustainable Development amplifies the guidance and wisdom of Indigenous knowledge and law, as reflected in First Nations treaties with countries. It explores the potential of these covenants to guide sustainable development opportunities in the context of evolving international and domestic legal regimes. Through comparative legal research and contextualized examples across diverse communities' and countries' accords, the volume uncovers whether and how the principles, provisions and practices of Indigenous treaties can strengthen efforts to address pressing social, environmental, and economic challenges. Through cutting-edge insights and stories, the authors analyse how implementation of these treaties could foster, rather than frustrate, efforts to advance the global Sustainable Development Goals by upholding the United Nations Declaration on the Rights of Indigenous Peoples.
Environmental economics is growing rapidly. It is simply not sufficient to consider consumption, production, and welfare in isolation from the natural environment. Integrating ecological systems in economic analysis requires to take the possible occurrence of tipping points or regime shifts into account. This Element focuses on two recent developments in environmental economics theory. One is economic management of ecological systems with tipping points, with the lake as the classical example. The other one is investigating the consequences of uncertain possible shocks to parameters in economic models, with the carrying capacity in a fishery and total factor productivity (due to climate tipping) in Ramsey growth as examples. This Element provides a precise account of the concepts, techniques, and results in the analysis of these models, which shows the effects of tipping and allows for other applications. This Element starts with a broader list of examples and management options.
By exploring the dynamic relationships between politics, policymaking, and policy over time, this book aims to explain why climate change mitigation is so political, and why politics is also indispensable in enacting real change. It argues that politics is poorly understood and often sidelined in research and policy circles, which is an omission that must be rectified, because the policies that we rely on to drive down greenhouse gas emissions are deeply inter-connected with political and social contexts. Incorporating insights from political economy, socio-technical transitions, and public policy, this book provides a framework for understanding the role of specific ideas, interests, and institutions in shaping and driving sustainable change. The chapters present examples at global, national, and local scales, spanning from the 1990s to 2020s. This volume will prove valuable for graduate students, researchers, and policymakers interested in the politics and policy of climate change. 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.
How do we thrive sustainably on planet Earth? This is an urgent question to which this book provides a range of fresh responses. From diverse disciplinary perspectives, academics provide compelling visions for education that disrupt but also open up and inspire new pedagogic opportunities. Responding to these visions, teachers, teaching assistants and school leaders offer practical reflections, describing the ways they are living out these new ideas in their classrooms and schools. Bridging the gap between theory and practice, the book invites us to consider what education can and ought to look like in a world beset by challenges. Despite the seriousness of the manifestos, there is optimism and purpose in each chapter, as well as a desire to raise the voices of children and young people: our compassionate citizens of the future. This title is also available as Open Access on Cambridge Core.
While global financial capital is abundant, it flows into corporate investments and real estate rather than climate change actions in cities. Political will and public pressure are crucial to redirecting funds. Studies of economic impacts underestimate the costs of climate disasters, especially in cities, so they undermine political commitments while understating potential climate-related returns. The shift of corporate approaches towards incorporating environmental, social, and governance (ESG) impacts offers promise for private-sector climate investments but are recently contested. Institutional barriers remain at all levels, particularly in African cities. Since the Global North controls the world's financial markets, new means of increasing funding for the Global South are needed, especially for adaptation. Innovative financial instruments and targeted use of environmental insurance tools can upgrade underdeveloped markets and align urban climate finance with ESG frameworks. These approaches, however, require climate impact data collection, programs to improve cities' and countries' creditworthiness, and trainings. This title is also available as open access on Cambridge Core.
Chapter 3 explores the role of small group dynamics and collective emotions in facilitating group theorizing, provoking unconventional scientific thought, and facilitating the rise of new scientific movements. It describes RA’s idioculture, their context of theoretical discovery, and the socio-emotional practices Holling used to spark transformative scientific creativity – a process that he called “island time.” I show how holding short, energetic meetings on remote islands with group rituals, personality selectivity, social bonding, charismatic leadership, and inductions to a secret scientific society created what I call “hot spots and hot moments.” These are brief but intense bursts of collective emotion, intersubjectivity, group creativity, and exceptional scientific performance where transformative science is conducted and faith in the group and its ideas were generated. This highlights new aspects of theory group dynamics, including the bursty nature of creative production within them, and the role of collective emotional states, relationships, and evocative locations for producing innovative scientific knowledge that can support new scientific movements.
Embed climate-focused energy awareness in every step of your educational program with this unique guide to specifying, designing, implementing, and evaluating educational energy initiatives. Discover how to design programs for different learner groups, and keep learners engaged; develop energy-focused project-based hands-on experiential teaching approaches; champion professional development; embed systems, modelling, and computational analysis within curricula; and address issues in justice and equity. This uniquely interdisciplinary approach spans engineering, the physical sciences, and the social sciences, supporting instructors in delivering programs that feed global demand for energy-related climate education, while highlighting ways to avoid the pitfalls of engineering-only energy programs. Ideal for academics involved in teaching and developing undergraduate and graduate courses in energy, academic educational program managers, and professionals in energy-related early career onboarding, this is your key to unlock an empowered energy-transition workforce.