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Blueprint for a Green Economy
Pearce, David; Markandya, Anil; Barbier, Edward B.
Publisher: Earthscan, Toronto, CanadaYear Published: 1989 Pages: 192pp ISBN: 1-85383-066-6 Resource Type: Book Cx Number: CX3979 A set of practical proposals for financing a sustainable environment. Abstract: - Table of Contents Preface 1. Introduction The idea of sustainable development Sustainable development as a bequest to the future Economy and environment Valuing the environment Anticipatory and reactive environmental policy The challenge of global pollution Natural adaptation Policy response Summarizing the sustainable development approach to environmental policy Growth versus the environment? 2. The Meaning of Sustainable Development Economic development, development and economic growth Environment, development and growth Sustainable development Sustainable development and the environment Sustainable development as non-declining wealth Sustainable development as non-declining natural wealth Sustainability as resilience Various meanings of constant capital stock Importing and exporting sustainability Conclusions on the meaning of sustainable development 3. Valuing the Environment Economics and environmental values The uses of monetary measures Monetary values of national environmental damage and benefits Total economic value Total economic value and decision-making Direct and indirect valuation The hedonic price approach Examples of hedonic price estimates of environmental quality Contingent valuation Travel-cost approaches More on existence value Empirical measures of option and existence value Conclusions on valuing the environment Annex: Difficulties in the Application of Estimation Techniques 4. Accounting for the Environment Environmental accounting: the physical approach Environmental accounting: the monetary approach Environmental accounting: a physical or monetary approach? The treatment of environmental accounts in the United Kingdom Conclusions and recommendations 5. Project Appraisal The basic analytics of project appraisal Valuing environmental dammage An additional approach to project appraisal: integrating sustainability into cost-benefit analysis Conclusions 6. Discounting the Future The nature of discounting Discounting and the environment The environmental critique of discounting Conclusions on "environmental critiques" of discounting Discounting and natural resources Should discount rates be adjusted because of environmental concern? Conclusions 7. Prices and Incentives for Environmental Improvement Levels of the economy at which sustainable development incentives are required Markets and prices The proper pricing of products and services Making the polluter pay Who is the polluter? Sustainable development and the PPP What are market based incentives? A carbon tax The proper pricing of natural rescources Integrative environmental policy and market-based incentives Incentives and energy conservation Conclusions on pricing for sustainable development Annex 1: Sustainable Development - a Gallery of Definitions Index Subject Headings
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