Environmental Marketsby Graciela Chichilnisky
Pub. Date: 08/01/2000
Publisher: Columbia University
Markets are increasingly central to the resolution of environmental problems. They played a critical role in implementing the 1990 Clean Air Act of the United States, which has been instrumental in reducing acid rain in a cost-effective manner. They are also central to the global strategy adopted for limiting the emissions of greenhouse gases under the 1997 Kyoto
Markets are increasingly central to the resolution of environmental problems. They played a critical role in implementing the 1990 Clean Air Act of the United States, which has been instrumental in reducing acid rain in a cost-effective manner. They are also central to the global strategy adopted for limiting the emissions of greenhouse gases under the 1997 Kyoto Protocol and are being used for resolving conflicts over the use of other environmental resources, particularly water.
Environmental Markets: Equity and Efficiency represents the first systematic and in-depth study of the economic issues raised by this growing use of environmental markets. Focusing on the relationship between equity and efficiencywhich is central to many of the debates between industrial and developing countriesthe book explores the underlying economics and the possibilities for win-win solutions that benefit all parties to the problems.
Graciela Chichilnisky and Geoffrey Heal have been instrumental in developing the economic understanding required for the operation of environmental markets and for promoting their use among policy makers leading to the Kyoto Protocol. Contributors to this volume include established experts from international organizations, nongovernmental organizations, and academia, including Raúl Estrada-Oyuela, who chaired the negotiating committee of the Framework Convention on Climate Change and the 1997 Kyoto meetings.
Table of Contents
Preface1. Introduction, by Graciela Chichilnisky and Geoffrey Heal2. Markets for Tradable Carbon Dioxide Emission Quotas: Principles and Practice, by Graciela Chichilnisky and Geoffrey Heal3. Equity and Efficiency in Environmental Markets: Global Trade in Carbon Dioxide Emissions, by Graciela Chichilnisky, Geoffrey Heal, and David Starrett4. Emissions Constraints, Emission Permits, and Marginal Abatement Costs, by Geoffrey Heal5. Equilibrium and Efficiency: International Emission Permits Markets, by Geoffrey Heal and Yun Lin6. Efficiency Properties of a Constant-Ratio Mechanism for the Distribution of Tradable Emission Permits, by Andrea Prat7. Who Should Abate Carbon Emissions? An International Viewpoint, by Graciela Chichilnisky and Geoffrey Heal8. Differentiated or Uniform International Carbon Taxes: Theoretical Evidences and Procedural Constraints, by Jean-Charles Hourcade and Laurent Gilotte9. Efficiency and Distribution in Computable Models of Carbon Emission Abatement, by Joaquim Oliveira Martins and Peter Sturm10. Securitizing the Biosphere, by Graciela Chichilnisky and Geoffrey Heal11. Equity and Efficiency in Emission Markets: The Case for an International Bank for Environmental Settlements, by Graciela Chichilnisky12. The Clean Development Mechanism: Unwrapping the ''Kyoto Surprise',' by Jacob Werksman13. Knowledge and the Environment: Markets with Privately Produced Public Goods, by Graciela Chichilnisky14. A Commentary on the Kyoto Protocol, by Raul Estrada-OyuelaAppendix. The Kyoto Protocol of the United Nations Framework Convention on Climate ChangeList of ContributorsIndex
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