Graciela Chichilnisky, Geoffrey Heal, G. M. HealISBN: 0231115881; 9780231115889;
Markets are increasingly central to the resolution of environmental problems. They played a critical role in implementing the 1990 Clean Air Act of the United States, which has been instrumental in reducing acid rain in a cost-effective manner. They are also central to the global strategy adopted for limiting the emissions of greenhouse gases under the 1997 Kyoto Protocol and are being used for resolving conflicts over the use of other environmental resources, particularly water. Environmental Markets: Equity and Efficiency represents the first systematic and in-depth study of the economic issues raised by this growing use of environmental markets. Focusing on the relationship between equity and efficiency -which is central to many of the debates between industrial and developing countries -the book explores the underlying economics and the possibilities for win-win solutions that benefit all parties to the problems. Graciela Chichilnisky and Geoffrey Heal have been...