Preface |
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xii | |
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1 | (27) |
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The idea of sustainable development |
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1 | (2) |
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Sustainable development as a bequest to the future |
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3 | (1) |
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4 | (1) |
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5 | (2) |
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Anticipatory and reactive environmental policy |
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7 | (4) |
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The challenge of global pollution |
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11 | (4) |
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15 | (1) |
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16 | (2) |
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Summarizing the sustainable development approach to environmental policy |
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18 | (1) |
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Growth versus the environment? |
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19 | (9) |
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The Meaning of Sustainable Development |
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28 | (23) |
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Economic development, development and economic growth |
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29 | (1) |
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Environment, development and growth |
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30 | (2) |
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32 | (1) |
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Sustainable development and the environment |
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33 | (1) |
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Sustainable development as non-declining wealth |
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34 | (3) |
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Sustainable development as non-declining natural wealth |
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37 | (3) |
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Sustainability as resilience |
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40 | (3) |
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Various meanings of constant capital stock |
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43 | (2) |
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Importing and exporting sustainability |
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45 | (2) |
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Conclusions on the meaning of sustainable development |
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47 | (4) |
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51 | (42) |
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Economics and environmental values |
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51 | (4) |
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The uses of monetary measures |
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55 | (2) |
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Monetary value of national environmental damage and benefits |
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57 | (3) |
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60 | (3) |
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Total economic value and decision-making |
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63 | (1) |
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Direct and indirect valuation |
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63 | (1) |
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The hedonic price approach |
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64 | (3) |
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Examples of hedonic price estimates of environmental quality |
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67 | (2) |
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69 | (2) |
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71 | (4) |
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75 | (2) |
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Empirical measures of option and existence value |
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77 | (3) |
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Conclusions on valuing the environment |
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80 | (13) |
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Annex: Difficulties in the Application of Estimation Techniques |
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82 | (11) |
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Accounting for the Environment |
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93 | (27) |
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Environmental accounting: the physical approach |
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95 | (10) |
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Environmental accounting: the monetary approach |
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105 | (8) |
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Environmental accounting: a physical or monetary approach? |
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113 | (3) |
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The treatment of environmental accounts in the United Kingdom |
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116 | (1) |
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Conclusions and recommendations |
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117 | (3) |
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120 | (12) |
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The basic analytics of project appraisal |
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120 | (2) |
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Valuing environmental damage |
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122 | (5) |
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An additional approach to project appraisal: integrating sustainability into cost-benefit analysis |
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127 | (2) |
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129 | (3) |
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132 | (21) |
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The nature of discounting |
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132 | (3) |
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Discounting and the environment |
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135 | (1) |
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The environmentalist critique of discounting |
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136 | (7) |
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Conclusions on ``environmental critiques'' of discounting |
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143 | (1) |
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Discounting and natural resources |
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144 | (1) |
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Should discount rates be adjusted because of environmental concern? |
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145 | (6) |
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151 | (2) |
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Prices and Incentives for Environmental Improvement |
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153 | (33) |
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Levels of the economy at which sustainable development incentives are required |
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153 | (1) |
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154 | (2) |
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The proper pricing of products and services |
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156 | (1) |
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156 | (2) |
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158 | (2) |
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Sustainable development and the PPP |
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160 | (1) |
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What are market-based incentives? |
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161 | (1) |
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162 | (5) |
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The proper pricing of natural resources |
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167 | (1) |
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Integrative environmental policy and market-based incentives |
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167 | (1) |
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Incentives and energy conservation |
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168 | (2) |
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Conclusions on pricing for sustainable development |
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170 | (16) |
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Annex: Sustainable Development---A Gallery of Definitions |
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173 | (13) |
Index |
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186 | |