Environmental Economics Theory and Policy in Equilibrium
This text provides an analysis and investigation of the most essential areas of environmental theory and policy, including international environmental problems. The approach is based on standard theoretical tools, in particular equilibrium analysis, and a
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For further volumes: http://www.springer.com/series/10099
Hans Wiesmeth
Environmental Economics Theory and Policy in Equilibrium With Contributions by Judith Marquardt
Prof. Dr. Hans Wiesmeth TU Dresden Faculty of Business and Economics Chair of Economics, esp. Allocation Theory 01062 Dresden Germany [email protected]
ISSN 2192-4333 e-ISSN 2192-4341 ISBN 978-3-642-24513-8 e-ISBN 978-3-642-24514-5 DOI 10.1007/978-3-642-24514-5 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2011940769 © Springer-Verlag Berlin Heidelberg 2012 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer. Violations are liable to prosecution under the German Copyright Law. The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Preface
This monograph is an “offspring” of an earlier textbook on Environmental Economics which was published in 2002. It is, however, not just an update or a simple translation of the former German version. Rather, this book includes topics, which played no significant role in public opinion some 10 years ago. Climate change is one of the cross-border environmental issues which has substantially gained importance and public attention over the last decade. From a theoretical point of view, tackling this issue amounts to solving the allocation problems for a global environmental commodity. As long as there are no straightforward and functioning “global” allocation mechanisms, this will remain a challenge for international environmental policy. The text addresses this issue in various chapters and sections, which each have a different focus. Of course, international efforts to curb greenhouse gas emissions, the various cap and trade policies, for example, are included in this analysis together with critical assessments. Overfishing has been on the agenda of national and international organizations for decades. However, the increasing globalization accompanied by technological innovations and rising demand seems to exacerbate the alarmingly poor state of the world’s marine stocks. As is the case for climate change, there is no promising multinational policy on the horizon to date. The text therefore retains this issue from the former book with some additional information and analysis related to the international con
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