EXPAND YOUR UNDERSTANDING OF HOW ENVIRONMENTAL POLICY AFFECTS BUSINESS, THE ECONOMY, AND YOUR LIFE WITH THIS ESSENTIAL RESOURCE

Environmental Policy:An Economic Perspective offers readers a comprehensive examination of the ever-broadening scope and impact of environmental policy, law, and regulation. Editors Thomas Walker, Northrop Sprung-Much, and Sherif Goubran walk readers through a variety of subjects while maintaining a global perspective on the expanding role of environmental law.

This book takes a pragmatic and practical approach to its subject matter, showing readers the real impact across the world of different kinds of environmental policy. Among other topics,Environmental Policy:An Economic Perspective tackles:Climate change legislationWater conservation and pricingBiodiversity of the marine environmentWildlife ranchingEmission trading schemesGreen job strategiesSustainable investing

Written for undergraduate and graduate students in any field affected by environmental legislation and policy, this book also belongs on the shelves of anyone who seeks to better understand the increasingly important role of environmental policy on their business and life.

THOMAS WALKER is Professor of Finance at Concordia University in Montreal, Quebec, Canada. He has served as associate dean, department chair, and director of the David O'Brien Centre for Sustainable Enterprise at Concordia. He has written over 60 journal articles and books.

NORTHROP SPRUNG-MUCH is a PhD candidate in finance at the John Molson School of Business at Concordia University in Montreal, Quebec, Canada. His research focuses on risk management, environmental economics, and corporate governance. He holds an MBA from Concordia University.

SHERIF GOUBRAN is a PhD candidate at Concordia University and a Vanier Scholar. His research focuses on sustainable building practices in design, engineering, and finance. He holds a MASc in Building Engineering and a BSc in architecture.

Preface vii

About the Editors ix

List of Contributors xi

Notes on Contributors xiii

List of Figures xix

List of Tables xxiii

Acknowledgments xxv

1 An Introduction to the Current Landscape: Environmental Policy and the Economy 1
Tyler Schwartz and Sherif Goubran

Section I An Overview9

2 Responses to Climate Change: Individual Preferences and Policy Actions around the World 11
Andrew Brennan, Astghik Mavisakalyan, and Yashar Tarverdi

3 Legislation or Economic Instruments for a Successful Environmental Policy? Reflections After Dieselgate 33
Theodoros Zachariadis

4 Environmental Legislation and Small and Medium-Sized Enterprises (SMEs): A Literature Review 49
Eleni Sfakianaki

Section II Governing and Protecting Natural Resources71

5 Bulk Water Pricing Policies and Strategies for Sustainable Water Management: The Case of Ontario, Canada 73
Guneet Sandhu, Michael O. Wood, Horatiu A. Rus, and Olaf Weber

6 The Role of Water Pricing Policies in Steering Urban Development: The Case of the Bogotá Region 89
Camilo Romero

7 Effective Environmental Protection and Regulatory Quality: A National Case Study of China 105
Sharanya Basu Roy

8 The EU Legal and Regulatory Framework for Measuring Damage Risks to the Biodiversity of the Marine Environment 121
Ivelin M. Zvezdov

9 Redefining Nature and Wilderness through Private Wildlife Ranching: An Economic Perspective of Environmental Policy in South(ern) Africa 139
Tariro Kamuti

Section III Energy, Emissions, and the Economy153

10 Climate Change Regulations and Accounting Practices: Optimization for Emission-Intensive Publicly Traded Firms 155
Carol Pomare and David H. Lont

11 The Economic Aspects of Renewable Energy Policies in Developing Countries: An Overview of the Brazilian Wind Power Industry 167
Elia E. Cia Alves and Andrea Q. Steiner

12 Ontarios Energy Transition: A Successful Case of a Green Jobs Strategy? 193
Bruno Arcand

13 Ethical and Sustainable Investing and the Need for Carbon Neutrality 213
Quintin G. Rayer

Section IV Financing the Environmental Transition233

14 Building Sustainable Communities Through Market-Based Instruments 235
Ying Zhou, Amelia Clarke, and Stephanie Cairns

15 Climate Justice and Food Security: Experience from Climate Finance in Bangladesh 249
Muhammad Abdur Rahaman and Mohammad Mahbubur Rahman

16 A Survey of UK-Based Ethical and Sustainable Fund Managers Investment Processes Addressing Plastics in the Environment 269
Quintin G. Rayer

Index 299