The Architecture of Green Economic Policies
The role of environmental analysis in economic policy making has remained largely limited despite vast literature on environmental economics and governance. An effective integration of economic and environmental sciences with pragmatic design of instituti
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P.K. Rao
The Architecture of Green Economic Policies
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Prof. P.K. Rao International Development Consultant 120 Carter Road, Princeton New Jersey, USA [email protected]
ISBN 978-3-642-05107-4 e-ISBN 978-3-642-05108-1 DOI 10.1007/978-3-642-05108-1 Springer Heidelberg Dordrecht London New York Library of Congress Control Number: 2010922997 © Springer-Verlag Berlin Heidelberg 2010 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. Cover design: WMXDesign GmbH, Heidelberg Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
To the Loving Memory of My Mother
Preface
After numerous scientific papers and books on most aspects of climate change and the design of pro-environmental policies (including some that suit some industrial lobby or another), is there relevance for another book and what is the purported role of this one? Is this yet another academic exercise or “much ado about nothing”? Do we have to bother designing green economic policies and incur transaction costs of this effort? Are there shortcomings of existing policies if we care to live “happily” on this planet? Is it not enough to care for the current generations so that the future generations can take care of themselves (or even be given the incentives for innovations – for lack of fully provided resources)? What can “we” do about the green economic policies (and what are these anyway)? What trade-offs, if any, are relevant in foregoing some benefits and in incurring some costs (not all of which can be expressed in monetary units)? What are the overarching objectives and priorities in the current context? What economic and other approaches are relevant for attaining the objectives? These are some of the questions the author reflected in writing this book. After a few book publications that I launched about a decade ago, and after sustaining most of these foundations that have been found rather resilient, I believe this book strengthens the cause of green economic policy formulations and implementations in the interests of the humanity, not to exclude the rest of living creatures. Undoubtedly a number of significant thoughtful contributions have been made by a variety of scientific disciplines and expertise, and it is ho
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