Environmental Markets: Equity and Efficiency

By Graciela Chichilnisky; Geoffrey Heal | Go to book overview

Preface

This is the second book in a series studying the economic implications of human domination of the planet. The first, Valuing the Future: Economic Theory and Sustainability (Geoffrey Heal, 1998), addressed the conceptual issues raised by concerns about sustainability.

Global environmental markets became a timely topic when the 1997 Kyoto Protocol provided a foundation for the development of the first global carbon markets. The protocol is a positive event particularly for the editors of this book, who for many years worked closely with the United Nations Climate Convention and recommended these markets as the institution of choice for the reduction of global carbon emissions.

Several of the articles in Environmental Markets are an outgrowth of global negotiations and a product of the lively debate involving the role of distribution and of efficiency in these carbon markets. Because distribution and efficiency are at the core of the relationship between industrial and developing countries, they are key concerns in resolving the thorny issues that have stalled the negotiations for several years. An international meeting organized by the OECD in Paris in June 1993, in which the major players in the global negotiations participated, explored the connections between equity and efficiency. At that meeting, the first-named editor presented findings that are included in this book, namely, that global carbon markets trade unusual goods—global public goods that are privately produced—and that this circumstance leads to an intrinsic connection between distribution and efficiency that does not exist in standard markets. In environmental markets, therefore, the traditional separation of equity and market efficiency may break down. This fact leads to new policy implications for global carbon markets, possibly providing a foundation for win-win solutions in the global negotiations that can benefit both rich and

-vii-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Environmental Markets: Equity and Efficiency
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 298

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.