International Environmental Law and Economics

by Rao, P. K.

• ISBN13: 9780631218937
• ISBN10: 0631218939
• Edition: 1st
• Format: Paperback
• Copyright: 2001-10-10
• Publisher: Wiley-Blackwell

Summary

This book integrates important milestone cases with new analyses to provide comprehensive coverage of environmental law and economics.

Author Biography

P. K. Rao is Director of the Centre for Development Research, Princeton, New Jersey. He has taught at the Administrative Staff College of India, Harvard University (Senior Fulbright Scholar), and Rutgers University. Among his recent books are Sustainable Development (Blackwell, 2000), The Economics of Global Climatic Change and The World Trade Organization and the Environment.

Table of Contents

List of Boxes	ix
Preface and Acknowledgments	xi
Overview of the Book	xiii
Abbreviations	xviii
Part I Global Environmental Economics
Sustainability and Sustainable Development	5	(42)
Introduction	5	(1)
International Public Law, Environment, and Economics	6	(10)
Elements of Ecological and Environmental Economics	16	(8)
Intergenerational and Intragenerational Welfare	24	(8)
Environment and Public Health	32	(4)
Summary	36	(2)
Appendix: International Environmental Agreements	38	(5)
Review Exercises	43	(1)
References	44	(3)
The Global Environment and International Cooperation	47	(45)
Introduction	47	(1)
Environmental Externalities	48	(5)
Property Rights and Liability Regimes	53	(5)
Economic Instruments and Institutions	58	(4)
Transaction Cost Economics (TCE)	62	(7)
The Economics of Contracts	69	(4)
The Economics of Cooperation and Coordination	73	(11)
Summary	84	(1)
Review Exercises	85	(1)
References	86	(6)
Economic and Environmental Decision-making	92	(37)
Introduction	92	(1)
Uncertainty and Incomplete Information	93	(6)
The Precautionary Principle (PP)	99	(10)
Reconciling Economic and Environmental Criteria	109	(3)
Cost-Benefit Analysis and Incommensurability	112	(5)
Appraisal and Evaluation Methods	117	(4)
Summary	121	(1)
Review Exercises	122	(1)
References	123	(6)
Part II International Environmental Laws
Soft Laws, Treaty Provisions, and the Law	129	(42)
Introduction	129	(1)
Sources of International Public Law	130	(14)
Concepts and Principles of International Environmental Laws	144	(7)
Treaty Reservations	151	(3)
International Relations Theory and IEL	154	(6)
Voluntary Participation and Sovereignty	160	(3)
Interface of Domestic and International Laws	163	(2)
Summary	165	(1)
Review Exercises	166	(2)
References	168	(3)
Biological Resources and Environmental Laws	171	(36)
Introduction	171	(1)
Biological Conservation and CITES	172	(7)
Biological Diversity and the Convention on Biological Diversity (CBD)	179	(8)
Fisheries, Marine Life, and the Laws of the Sea	187	(9)
Forest Resources	196	(7)
Summary	203	(1)
Review Exercises	204	(1)
References	204	(3)
Laws Based on Environmental Phenomena	207	(32)
Introduction	207	(1)
Greenhouse Gases and the UN Framework Convention on Climate Change (UNFCCC)	208	(4)
The Kyoto Protocol and Later Developments	212	(3)
Ozone Depletion, the Vienna Convention, and the Montreal Protocol	215	(2)
Desertification and the UN Convention	217	(3)
Hazardous Materials, the Basel Convention, and the Rotterdam Convention	220	(7)
Transboundary Water and Air Pollution Agreements and Conventions	227	(5)
Summary	232	(1)
Review Exercises	233	(1)
References	233	(6)
Part III Integration and Synthesis
International Economic Laws and Environmental Laws	239	(28)
Introduction	239	(1)
Global Welfare and Complementarity of Legal Provisions	240	(4)
International Economic Law	244	(3)
Multilateral Development Finance and Environmental Laws	247	(3)
Environmental Responsibility of International Organizations	250	(3)
Interface of International Economic and Environmental Laws	253	(5)
Modernizing and Reforming the Laws and their Implementation	258	(4)
Summary	262	(1)
Review Exercises	263	(1)
References	264	(3)
International Trade and Environmental Laws	267	(31)
Introduction	267	(1)
Environmental Trade Measures and Experience with CITES	268	(2)
Trade Liberalization and Environmental Costs	270	(12)
Regional Trade and Environmental Agreements	282	(2)
International Trade Laws and Environmental Laws	284	(10)
Summary	294	(1)
Review Exercises	295	(1)
References	295	(3)
Compliance, Dispute Resolution, and Governance	298	(35)
Introduction	298	(1)
Compliance, Monitoring, and Effectiveness	299	(5)
Environmental Information	304	(6)
Dispute Settlement Mechanisms	310	(8)
Economic Incentives and Disincentives	318	(2)
Toward Effective International Environmental Law	320	(7)
Concluding Observations	327	(1)
Review Exercises	328	(1)
References	329	(4)
Website Addresses	333	(4)
Index	337