NATURAL RESOURCE MANAGEMENT
No Date (continued)
The authors investigate a central issue in the climate change debate associated with the Kyoto Protocol: the likely performance of international greenhouse gas trading mechanisms. Virtually all design studies and many projections of the costs of meeting the Kyoto targets have assumed that an international trading program can be established that minimizes the costs of meeting overall goals. This conclusion rests on several simplifying assumptions. The authors focus on one important issue that has received little, if any, attention: the interation between an international trading regime and a heterogeneous set of domestic greenhouse policy instruments. This is an important issue because the Protocol explicitly provides for domestic sovereignty reagrding instrument choice, and because it is unlikely that most countries will choose tradeable permits as their primary domestic vehicle.
Any serious attempt to address the global climate change problem must involve the diffusion of energy-efficient technologies into the industrial sector of countries critical to future global emissions. China is expected to be the largest emitter of greenhouse gas emissions by early next century due to its high economic growth and reliance on coal. Although the diffusion of energy-efficient technologies in China has increased since the start of market reforms in 1978, much improvement is still needed.
Journal Article, Duke Law Journal, volume 46
Journal Article, Journal of Regulatory Economics, issue 1, volume 21
By Robert N. Stavins, Albert Pratt Professor of Business and Government; Member of the Board; Director, Harvard Project on Climate Agreements
We conduct a national-scale study of the determinants of agricultural land values to better understand how current farmland prices are influenced by the potential for future land development. The theoretical basis for the empirical analysis is a spatial city model with stochastic returns to future land development. From the theoretical model, we derive an expression for the current price of agricultural land in terms of annual returns to agricultural production, the price of recently developed land parcels, and expressions involving model parameters that are represented in the empirical model by nonlinear functions of observed variables and parameters to be estimated.
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Discusses the possible strategies and mechanisms that might effectively engage stakeholders in the process of creating consensus and instituting a national system of environmental indicators