We consider an industry with firms that produce a final good emitting pollution to different degree as a side effect. Pollution is regulated by a tradable quota system where some quotas may have been allocated at the outset, i.e. before the quota market is opened. We study how volatility in...

Petrobangla is the sole responsible organization to maintain the fossil fuel sector in Bangladesh. It is accountable to next generations for oil, gas and other natural resources. It is necessary to ensure optimum use of these resources. Development activities cannot be sustained if these...

The influence of finances on green business establishment and development is examined in the article. Formation of new financial instruments due to adoption in world economy of sustainable development principles as the main growth strategy is analysed. The financial providing of green business...

Mankind has witnessed many outstanding weather happenings which determined radical climate changes and thus, the draught is expected further to grow. Many experts, academics and scientists all over the continents have strongly called for attention about the importance of saving the water, either...

Middle-income economies in the world are under pressure to deal with a variety of environmental problems, such as industrial pollution, urban environmental issues, the deterioration of ecosystems, and global warming, while they are expected to simultaneously achieve high economic growth. In this...

Acid rain causes greater environmental damage than would occur if countries act cooperatively. Based on new estimates of sulphur abatement cost functions, the potential gains from cooperation are calculated for Europe. Various cooperative abatement rates are compared with the rates implied by...

This paper presents the evolution of diverse modes of environmental management in Bulgarian agriculture, and assesses their efficiency and likely prospects of development. First, it analyzes the pace of development and the impact(s) on individual behavior of the major modes of environmental...

The monograph analyzes environmental practice of transnational corporations (TNCs) at the end of the 20th – beginning of the 21st century. The study investigates into the reasons for differing environmental practices of TNCs thorough the world and in Russia in particular. The author researches...

This paper incorporates the interdisciplinary New Institutional and Transaction Costs Economics and suggests a holistic framework for analysis of management agro-ecosystem services. That new approach for analyses and assessment of management of agro-ecosystem services includes: definition of the...

We examine the roles of the outcome and process dimensions of environmental performance in determining financial performance as measured by Tobin’s q. Outcomes refer to the impacts of the firm on the natural environment, while processes are the firm’s actions to reduce these outcomes. We...