Skip to main content Accessibility help

We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.

Close cookie message
×
Hostname: page-component-cd9895bd7-q99xh Total loading time: 0 Render date: 2024-12-19T12:37:01.076Z Has data issue: false hasContentIssue false

4 - Environmental Economics and the Bioeconomy

from Part II

Published online by Cambridge University Press:  26 October 2023

Piergiuseppe Morone ,
Dalia D'Amato ,
Nicolas Befort  and
Gülşah Yilan
Piergiuseppe Morone
Affiliation:
Unitelma Sapienza
Dalia D'Amato
Affiliation:
Finnish Environment Institute (Suomen Ympäristökeskus - SYKE)
Nicolas Befort
Affiliation:
NEOMA BS
Gülşah Yilan
Affiliation:
Unitelma Sapienza University of Rome
Get access

Summary

Our objective in this chapter is to provide an overview of resource and environmental economics by putting environmental economic theories in the context of bioeconomy, and by outlining the fundamental characteristics of an economics approach to environmental analysis. The analysis develops along three lines: (1) market failures and the environment,; (2) sustainability and intergenerational equity,; (3) optimal management of resources. To this end, the chapter provides a discussion on the economy– environment interdependence, how this concept develops in the context of bioeconomy (including a discussion on the circular use of resources), and which tools can be used to model it.

Keywords

environmental economicsefficiency and market failuresCoase theoremtax and subsidies
Type
Chapter
Information
The Circular Bioeconomy
Theories and Tools for Economists and Sustainability Scientists
 , pp. 59 - 85
Publisher: Cambridge University Press
Print publication year: 2023

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Abildtrup, J., Jensen, F., & Dubgaard, A. (2012). Does the Coase Theorem Hold in Real Markets? An Application to the Negotiations Between Waterworks and Farmers in Denmark. Journal of Environmental Management, 93(1), 169–176.CrossRefGoogle Scholar
Barbier, E. B. (1987). The Concept of Sustainable Economic Development. Environmental Conservation, 14(2), 101–110.Google Scholar
Barbier, M., & Benoit, M. (1996). Programme AGREV. Synthèse des investigations menées de 1992 à 1995, sous la responsabilite scientifique de l’Institut National de la Recherche Agronomique.Google Scholar
Bingham, L. R. (2021). Vittel as a Model Case in PES Discourse: Review and Critical Perspective. Ecosystem Services, 48, 101247.Google Scholar
Börner, J., Baylis, K., Corbera, E., … Wunder, S. (2017). The Effectiveness of Payments for Environmental Services. World Development, 96, 359–374.Google Scholar
Boulding, K. E. (1966). The Economics of the Coming Spaceship Earth. In Jarrett, H., ed., Environmental Quality in a Growing Economy, Resources for the Future, Baltimore: Johns Hopkins University Press, pp. 3–14.Google Scholar
Brei, V. A. (2018). How is a Bottled Water Market Created? WIREs Water, 5(1). doi:10.1002/wat2.1220CrossRefGoogle Scholar
Capodaglio, A., & Callegari, A. (2018). Can Payment for Ecosystem Services Schemes Be an Alternative Solution to Achieve Sustainable Environmental Development? A Critical Comparison of Implementation between Europe and China. Resources, 7(3), 40.Google Scholar
Coase, R. (1960). The Problem of Social Cost. The Journal of Law and Economics, 3, 1–44.Google Scholar
Common, M. (1995). Sustainability and Policy: Limits to Economics, Cambridge: Cambridge University Press.Google Scholar
Costanza, R. (1989). What is Ecological Economics? In Ecological Economics, 1, 1–7.Google Scholar
Costanza, R., & Cleveland, C. (2008). Natural Capital. The Encyclopedia of Earth, 31. Retrieved from http://editors.eol.org/eoearth/wiki/Natural_capitalGoogle Scholar
Daly, H. E. (1996). Beyond Growth, Boston: Beacon Press.Google Scholar
Depres, C., Grolleau, G., & Mzoughi, N. (2008). Contracting for Environmental Property Rights: The Case of Vittel. Economica, 75(299), 412–434.Google Scholar
Everard, M. (2011). Common Ground: The Sharing of Land and Landscapes for Sustainability, New York: Bloomsbury Publishing.Google Scholar
Folke, C., & Kåberger, T. (1991). Recent Trends in Linking the Natural Environment and the Economy. In Linking the Natural Environment and the Economy: Essays from the Eco-Eco Group, Dordrecht: Springer Netherlands, pp. 273–300.Google Scholar
Grolleau, G. (2013). Chapter 9: Collective Action Case Study – France. In Providing Agri-environmental Public Goods through Collective Action, Paris: OECD Publishing, pp. 183–193.Google Scholar
GSI. (2009). Achieving the G-20 Call to Phase out Subsidies to Fossil Fuels: Policy Brief, Geneva: IISD.Google Scholar
Hardin, G. (1968). The Tragedy of the Commons. Science, 162(3859), 1243–1248.Google Scholar
Hernandez, S., & Benoît, M. (2011). Gestion durable de la ressource en eau : l’utilisation du paiement pour service environnemental au service de la protection des captages. Annales Des Mines – Responsabilité et Environnement, N° 63(3), 87–95.Google Scholar
Ishiguro, S. (2003). Comparing Allocations Under Asymmetric Information: Coase Theorem revisited. Economics Letters, 80(1), 67–71.Google Scholar
Lawton, J. (2015). Payments for Ecosystem Services: A best practice guide.Google Scholar
Lewis, D. J., & Polasky, S. (2018). An Auction Mechanism for the Optimal Provision of Ecosystem Services Under Climate Change. Journal of Environmental Economics and Management, 92, 20–34.Google Scholar
Lichfield, J. (2004, September 16). Eau dear, what can the matter be? Retrieved from 16/09/2022 www.independent.co.uk/news/world/europe/eau-dear-what-can-the-matter-be-32590.htmlGoogle Scholar
Marshall, A. (1890). Principles of Economics. London (8th Ed. Published in 1920): Macmillan.Google Scholar
Meramveliotakis, G., & Milonakis, D. (2018). Coasean Theory of Property Rights and Law Revisited: A Critical Inquiry. Science & Society, 82(1), 38–66.Google Scholar
Pareto, V. (1897). The New Theories of Economics. Journal of Political Economy, 5(4), 485–502.Google Scholar
Pearce, D. W., & Turner, R. K. (1990). Economics of Natural Resources and the Environment, Baltimore: Johns Hopkins University Press.Google Scholar
Perrot-Maître, D. (2006). The Vittel Payments for Ecosystem Services: A Perfect PES Case? London, UK: International Institute for Environment and Development.Google Scholar
Perrot-Maître, D. (2014). The Vittel Case: A Public-Private Partnership in the Mineral Water Industry. Case studies on Remuneration of Positive Externalities (RPE)/ Payments for Environmental Services (PES), Rome. Retrieved from www.fao.org/3/a-bl927e.pdfGoogle Scholar
Pigou, A. C. (1920). The Economics of Welfare, First Edition, London: Macmillan.Google Scholar
Santos, R., Schröter-Schlaack, C., Antunes, P., Ring, I., & Clemente, P. (2015). Reviewing the Role of Habitat Banking and Tradable Development Rights in the Conservation Policy Mix. Environmental Conservation, 42(4), 294–305.Google Scholar
Stern, N. (2006). Stern Review: The Economics of Climate Change.Google Scholar
Turner, R. K., Subak, S., & Adger, W. N. (1996). Pressures, Trends, and Impacts in Coastal Zones: Interactions between Socioeconomic and Natural Systems. Environmental Management, 20(2), 159–173.Google Scholar
United Nations Environment Programme. (2021). Addressing Single-Use Plastic Products Pollution using a Life Cycle Approach. Retrieved from www.unep.org/resources/publication/addressing-single-use-plastic-products-pollution-using-life-cycle-approachGoogle Scholar
Wunder, S., Börner, J., Ezzine-de-Blas, D., Feder, S., & Pagiola, S. (2020). Payments for Environmental Services: Past Performance and Pending Potentials. Annual Review of Resource Economics, 12(1), 209–234.Google Scholar
Zhang, D. (2016). Payments for Forest-based Environmental Services: A Close Look. Forest Policy and Economics, 72, 78–84.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×