Financing SD: country undertakings and rights for environmental sustainability
The paper proposes a global mechanism to finance and promote sustainable development (SD) that is multinational, provides incentives for rich and poor countries to promote SD, incorporates the principle of common but differentiated responsibilities and links incentives and funding for SD to structur...
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University of Otago
2011
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Online Access: | http://hdl.handle.net/10523/1060 |
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sustainable development environmental performance genuine savings HB Economic Theory |
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sustainable development environmental performance genuine savings HB Economic Theory Grafton, R Quentin Jotzo, Frank Wasson, Merrilyn Financing SD: country undertakings and rights for environmental sustainability |
topic_facet |
sustainable development environmental performance genuine savings HB Economic Theory |
description |
The paper proposes a global mechanism to finance and promote sustainable development (SD) that is multinational, provides incentives for rich and poor countries to promote SD, incorporates the principle of common but differentiated responsibilities and links incentives and funding for SD to structural benchmarks and performance targets. The mechanism would operate as a large fund into which rich countries would pay based on their level of population, per capita income and change in an individual or composite measure of environmental sustainability. The approach offers a number of features that make it a superior mechanism to the Global Environmental Facility (GEF). Receipts from the funds, called Country Undertakings and Rights for Environmental Sustainability (CURES), would be made to poor countries based on their population, per capita income and absolute level of environmental sustainability. To illustrate the mechanism, Genuine Savings (GS) is used as a measure of environmental sustainability and country contributions and payments from a $10 billion annual fund are calculated and compared. The control of Indonesian forest fires is used as an example where CURES could be used to fund initiatives that could generate very large global benefits. Unpublished Adam, C.S. and J.W. Gunning. 2002. Redesigning the Aid Contract: Donors’ Use of Performance Indicators in Uganda. World Development 30, 2045-2056. Applegate, G., Smith, R., Fox, J.J., Mitchell, A., Packham, D., Tapper, N. and Baines, G. 2002. Forest fires in Indonesia: Impacts and solutions, in Colfer, C.J.P. and Resosudarmo, A.P. (eds), Which way forward? People, forests, and policymaking in Indonesia, RFF/CIFOR/ISEAS. Bird, R.M. and M. Smart., 2002. Intergovernmental Fiscal Transfers: International Lessons for Developing Countries. World Development 30, 899-912. Global Leaders of Tomorrow Environment Task Force (Chair Kim Samuel-Johnson). 2001. 2001 Environmental Sustainability Index. Prepared in collaboration with Yale Center for Environmental Law and Policy and the Center for International Earth Science Information Network of Columbia University for the World Economic Forum in Davos, Switzerland, January 2001. Colfer, C.J.P. 2002. Ten propositions to explain Kalimantan’s fires, in Colfer, C.J.P. and Resosudarmo, A.P. (eds), Which way forward? People, forests, and policymaking in Indonesia, RFF/CIFOR/ISEAS. Dasgupta, P. 1996. The Economics of the Environment, Environment and Development Economics Vol. 1 (4), 387-428. Farman, J.C., B.G. Gardiner and J.D. Shanklin. 1985. Large Losses of Total Ozone in Antarctica Reveal Seasonal CIOx/NOx Interaction. Nature Vol. 315, 207-210. Global Environmental Facility (GEF) 2003, Eligibility Criteria, http://www.gefweb.org/Operational_Policies/Eligibility_Criteria/Incremental_Costs/incremenatl_costs.html. Global Environmental Facility (GEF) Council 2002, Summary of Negotiations on the Third Replenishment of the GEF Trust Fund, September 19, World Bank. Hamilton, K. and M. Clemens. 1999. Genuine Savings Rates in Developing Countries, World Bank Economic Review Vol. 13 (2), 333-356. Holden S.T., B. Siferaw and M. Wik. 1998. Poverty, Market Imperfections and Time Preferences: of Relevance for Environmental Policy? Environment and Development Economics Vol. 3 (1), 105-130. Jones, A. 2002. Benefits to the Public Sector of Tri-Sector Partnerships. Business Partners for Development, Water and Sanitation Cluster, http://www.bpdwaterandsanitation.org/english/wssdportal.htm Kolk, A., 1998. From Conflict to Cooperation: International Policies to Protect the Brazilian Amazon. World Development 26, 1481-1493. Neumayer, E. 2001. The Human Development Index and Sustainability---A Constructive Proposal. Ecological Economics 39, 101-114. Nijkamp, P. and R. Vreeker, 2000. Sustainability Assessment of Development Scenarios: Methodology and Application to Thailand. Ecological Economics 33, 7-27. Page, S.E., F. Siegert, J.O Rieley, H-D V Boehm, A. Jaya and S. Limin, 2002. The Amount of Carbon Released from Peat and Forest Fires in Indonesia during 1997, Nature Vol. 420, 61-65. Pearce, D., K. Hamilton and G. Atkinson. 1996. Measuring Sustainable Development: Progress on Indicators, Environment and Development Economics Vol. 1, 85-101. United Nations. 2002. World Summit on Sustainable Development---Plan of Action. http://www.un.org/jsummit/html/documents/summit_docs/2309_planfinal.htm United Nations. 1992. Report of the United Nations Conference on Environment and Development http://www.un.org/documents/ga/conf151/aconf15126-1annex1.htm. United Nations Environment Programme. 2002. The Hazardous Chemicals and Wastes Conventions http://www.pops.int/documents/background/ Van Soest, D. and R. Lensink. 2000. Foreign Transfers and Tropical Deforestation: What Terms of Conditionality? American Journal of Agricultural Economics 82, 389- 399. World Bank. 2002a. GEF Projects. http://www-esd.worldbank.org/gef/projectSummary.cfm. World Bank. 2002b. Sustainable Development and the Global Environment: The Experience of the World Bank Group---Global Environmental Facility Program. Washington DC: The World Bank. World Bank. 2001. World Development Indicators on CD-ROM, World Bank: Washington D.C. World Commission on Environment and Development (WCED). 1987. Our Common Future, Oxford University Press, Oxford. Young, Z. 2002. A New Green Order: The World Bank and the Politics of the Global Environment Facility, Pluto Press, London. |
format |
Report |
author |
Grafton, R Quentin Jotzo, Frank Wasson, Merrilyn |
author_facet |
Grafton, R Quentin Jotzo, Frank Wasson, Merrilyn |
author_sort |
Grafton, R Quentin |
title |
Financing SD: country undertakings and rights for environmental sustainability |
title_short |
Financing SD: country undertakings and rights for environmental sustainability |
title_full |
Financing SD: country undertakings and rights for environmental sustainability |
title_fullStr |
Financing SD: country undertakings and rights for environmental sustainability |
title_full_unstemmed |
Financing SD: country undertakings and rights for environmental sustainability |
title_sort |
financing sd: country undertakings and rights for environmental sustainability |
publisher |
University of Otago |
publishDate |
2011 |
url |
http://hdl.handle.net/10523/1060 |
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ENVELOPE(-85.483,-85.483,-78.650,-78.650) ENVELOPE(-150.950,-150.950,-86.317,-86.317) ENVELOPE(11.688,11.688,-70.766,-70.766) |
geographic |
Atkinson Gardiner Jaya Neumayer |
geographic_facet |
Atkinson Gardiner Jaya Neumayer |
genre |
Antarc* Antarctica |
genre_facet |
Antarc* Antarctica |
op_relation |
Economics Discussion Papers Series http://www.business.otago.ac.nz/econ/research/discussionpapers/DP0307.pdf http://hdl.handle.net/10523/1060 228 |
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1766262403489595392 |
spelling |
ftunivotagoour:oai:ourarchive.otago.ac.nz:10523/1060 2023-05-15T13:55:37+02:00 Financing SD: country undertakings and rights for environmental sustainability Grafton, R Quentin Jotzo, Frank Wasson, Merrilyn 2011-04-07 application/pdf http://hdl.handle.net/10523/1060 unknown University of Otago Economics Discussion Papers Series http://www.business.otago.ac.nz/econ/research/discussionpapers/DP0307.pdf http://hdl.handle.net/10523/1060 228 sustainable development environmental performance genuine savings HB Economic Theory Discussion Paper 2011 ftunivotagoour 2022-05-11T19:13:52Z The paper proposes a global mechanism to finance and promote sustainable development (SD) that is multinational, provides incentives for rich and poor countries to promote SD, incorporates the principle of common but differentiated responsibilities and links incentives and funding for SD to structural benchmarks and performance targets. The mechanism would operate as a large fund into which rich countries would pay based on their level of population, per capita income and change in an individual or composite measure of environmental sustainability. The approach offers a number of features that make it a superior mechanism to the Global Environmental Facility (GEF). Receipts from the funds, called Country Undertakings and Rights for Environmental Sustainability (CURES), would be made to poor countries based on their population, per capita income and absolute level of environmental sustainability. To illustrate the mechanism, Genuine Savings (GS) is used as a measure of environmental sustainability and country contributions and payments from a $10 billion annual fund are calculated and compared. The control of Indonesian forest fires is used as an example where CURES could be used to fund initiatives that could generate very large global benefits. Unpublished Adam, C.S. and J.W. Gunning. 2002. Redesigning the Aid Contract: Donors’ Use of Performance Indicators in Uganda. World Development 30, 2045-2056. Applegate, G., Smith, R., Fox, J.J., Mitchell, A., Packham, D., Tapper, N. and Baines, G. 2002. Forest fires in Indonesia: Impacts and solutions, in Colfer, C.J.P. and Resosudarmo, A.P. (eds), Which way forward? People, forests, and policymaking in Indonesia, RFF/CIFOR/ISEAS. Bird, R.M. and M. Smart., 2002. Intergovernmental Fiscal Transfers: International Lessons for Developing Countries. World Development 30, 899-912. Global Leaders of Tomorrow Environment Task Force (Chair Kim Samuel-Johnson). 2001. 2001 Environmental Sustainability Index. Prepared in collaboration with Yale Center for Environmental Law and Policy and the Center for International Earth Science Information Network of Columbia University for the World Economic Forum in Davos, Switzerland, January 2001. Colfer, C.J.P. 2002. Ten propositions to explain Kalimantan’s fires, in Colfer, C.J.P. and Resosudarmo, A.P. (eds), Which way forward? People, forests, and policymaking in Indonesia, RFF/CIFOR/ISEAS. Dasgupta, P. 1996. The Economics of the Environment, Environment and Development Economics Vol. 1 (4), 387-428. Farman, J.C., B.G. Gardiner and J.D. Shanklin. 1985. Large Losses of Total Ozone in Antarctica Reveal Seasonal CIOx/NOx Interaction. Nature Vol. 315, 207-210. Global Environmental Facility (GEF) 2003, Eligibility Criteria, http://www.gefweb.org/Operational_Policies/Eligibility_Criteria/Incremental_Costs/incremenatl_costs.html. Global Environmental Facility (GEF) Council 2002, Summary of Negotiations on the Third Replenishment of the GEF Trust Fund, September 19, World Bank. Hamilton, K. and M. Clemens. 1999. Genuine Savings Rates in Developing Countries, World Bank Economic Review Vol. 13 (2), 333-356. Holden S.T., B. Siferaw and M. Wik. 1998. Poverty, Market Imperfections and Time Preferences: of Relevance for Environmental Policy? Environment and Development Economics Vol. 3 (1), 105-130. Jones, A. 2002. Benefits to the Public Sector of Tri-Sector Partnerships. Business Partners for Development, Water and Sanitation Cluster, http://www.bpdwaterandsanitation.org/english/wssdportal.htm Kolk, A., 1998. From Conflict to Cooperation: International Policies to Protect the Brazilian Amazon. World Development 26, 1481-1493. Neumayer, E. 2001. The Human Development Index and Sustainability---A Constructive Proposal. Ecological Economics 39, 101-114. Nijkamp, P. and R. Vreeker, 2000. Sustainability Assessment of Development Scenarios: Methodology and Application to Thailand. Ecological Economics 33, 7-27. Page, S.E., F. Siegert, J.O Rieley, H-D V Boehm, A. Jaya and S. Limin, 2002. The Amount of Carbon Released from Peat and Forest Fires in Indonesia during 1997, Nature Vol. 420, 61-65. Pearce, D., K. Hamilton and G. Atkinson. 1996. Measuring Sustainable Development: Progress on Indicators, Environment and Development Economics Vol. 1, 85-101. United Nations. 2002. World Summit on Sustainable Development---Plan of Action. http://www.un.org/jsummit/html/documents/summit_docs/2309_planfinal.htm United Nations. 1992. Report of the United Nations Conference on Environment and Development http://www.un.org/documents/ga/conf151/aconf15126-1annex1.htm. United Nations Environment Programme. 2002. The Hazardous Chemicals and Wastes Conventions http://www.pops.int/documents/background/ Van Soest, D. and R. Lensink. 2000. Foreign Transfers and Tropical Deforestation: What Terms of Conditionality? American Journal of Agricultural Economics 82, 389- 399. World Bank. 2002a. GEF Projects. http://www-esd.worldbank.org/gef/projectSummary.cfm. World Bank. 2002b. Sustainable Development and the Global Environment: The Experience of the World Bank Group---Global Environmental Facility Program. Washington DC: The World Bank. World Bank. 2001. World Development Indicators on CD-ROM, World Bank: Washington D.C. World Commission on Environment and Development (WCED). 1987. Our Common Future, Oxford University Press, Oxford. Young, Z. 2002. A New Green Order: The World Bank and the Politics of the Global Environment Facility, Pluto Press, London. Report Antarc* Antarctica University of Otago: Research Archive (OUR Archive) Atkinson ENVELOPE(-85.483,-85.483,-78.650,-78.650) Gardiner ENVELOPE(-150.950,-150.950,-86.317,-86.317) Jaya ENVELOPE(11.688,11.688,-70.766,-70.766) Neumayer |