The Architecture of Green Economic Policies

Description

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 institutions and policies is still urgently needed for practical use. This book offers a policy framework for economic policies that meaningfully integrate environmental and ecological resource factors. Based on analyses and new insights on sustainable development, this book provides pragmatic approaches for economic policy formulation and implementation, as well as for institutional reform. Thematic aspects include trade and environment, poverty and environment, recognition and accounting of factor limitations beyond traditional economic analyses, and an efficient choice of market and regulatory regimes for effective economic, environmental and social governance. "It is heartening that an outstanding economist like Prof. P K Rao has written this volume on the Architecture of Green Economic Policies. I believe it is only when economic policies assume a green hue that we would be able to make a dent on the increasing environmental problems that human society and all living species are going to face in the future." Dr. RK Pachauri, Chairman, Intergovernmental Panel on Climate Change & Director General TERI Front Matter....Pages i-xiii Introduction....Pages 1-16 Basic Elements of Green Economics....Pages 17-42 Analytical Methods of Green Economics....Pages 43-54 Formulation of Green Economic Policies: Optimality, Efficiency and Equity....Pages 55-63 Institutions and Policy Design....Pages 65-86 Reform of Policies of Global Institutions....Pages 87-101 Green Economic Policies: Corporate, Local and National Levels....Pages 103-122 Green Economic Policies: Regional and Global Levels....Pages 123-143 Policy Framework....Pages 145-153 Concluding Observations....Pages 155-157 Back Matter....Pages 159-169