Overview

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 efficiency-which is central to many of the debates between industrial and developing countries-the 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.

Full Product Details

Author:   Graciela Chichilnisky ,  Geoffrey Heal
Publisher:   Columbia University Press
Imprint:   Columbia University Press
Dimensions:   Width: 15.80cm , Height: 2.20cm , Length: 23.50cm
Weight:   0.539kg
ISBN:  

9780231115889

ISBN 10:   0231115881
Pages:   280
Publication Date:   25 August 2000
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.
Language:   English

Table of Contents

Preface 1. Introduction, by Graciela Chichilnisky and Geoffrey Heal 2. Markets for Tradable Carbon Dioxide Emission Quotas: Principles and Practice, by Graciela Chichilnisky and Geoffrey Heal 3. Equity and Efficiency in Environmental Markets: Global Trade in Carbon Dioxide Emissions, by Graciela Chichilnisky, Geoffrey Heal, and David Starrett 4. Emissions Constraints, Emission Permits, and Marginal Abatement Costs, by Geoffrey Heal 5. Equilibrium and Efficiency: International Emission Permits Markets, by Geoffrey Heal and Yun Lin 6. Efficiency Properties of a Constant-Ratio Mechanism for the Distribution of Tradable Emission Permits, by Andrea Prat 7. Who Should Abate Carbon Emissions? An International Viewpoint, by Graciela Chichilnisky and Geoffrey Heal 8. Differentiated or Uniform International Carbon Taxes: Theoretical Evidences and Procedural Constraints, by Jean-Charles Hourcade and Laurent Gilotte 9. Efficiency and Distribution in Computable Models of Carbon Emission Abatement, by Joaquim Oliveira Martins and Peter Sturm 10. Securitizing the Biosphere, by Graciela Chichilnisky and Geoffrey Heal 11. Equity and Efficiency in Emission Markets: The Case for an International Bank for Environmental Settlements, by Graciela Chichilnisky 12. The Clean Development Mechanism: Unwrapping the ""Kyoto Surprise',' by Jacob Werksman 13. Knowledge and the Environment: Markets with Privately Produced Public Goods, by Graciela Chichilnisky 14. A Commentary on the Kyoto Protocol, by Raul Estrada-Oyuela Appendix. The Kyoto Protocol of the United Nations Framework Convention on Climate Change List of Contributors Index

Reviews

The novelty of Environmental Markets is that it addresses the sensitive question of the use of market forces to manage a public good such as climate on the basis of a very clear and deep use of the analytical tools of public economics.

Author Information

Graciela Chichilnisky holds the UNESCO Chair in Mathematics and Economics and is professor of statistics at Columbia University, where she is the director of the Program on Information and Resources and its Center for Risk Management. She introduced and developed the concept of ""basic needs"" and is the author of eleven books and some 180 scientific articles.Geoffrey Heal is Garrett Professor of Public Policy and Business Responsibility and professor of economics and finance of the Graduate School of Business at Columbia University. A past president of the Association of Environmental and Resource Economists, he is the author of many scientific articles and thirteen books, including Economic Theory and Exhaustible Resources; Valuing the Future: Economic Theory and Sustainability; and Nature and the Marketplace.

Tab Content 6

Author Website:  

Countries Available

All regions