This book sets out the building blocks of an economic approach to biodiversity, and in particular brings together conceptual and empirical work on valuation, international agreements, the policy instruments, and the institutions. The objective is to provide a comprehensive overview of the issues...

When deep recessions hit, some governments spend to rescue and recover their economies. Key economic objectives of such countercyclical spending include protecting and creating jobs while reinvigorating economic growth—but governments can also use this spending to achieve long-term social and...

The three Kyoto flexible mechanisms emissions trading, the clean development mechanism (CDM), and Joint Implementation (JI) have always been controversial. Proponents saw the mechanisms as clever tools to ensure environmental outcomes were achieved at least cost. Reducing the costs of...