Innovative Alignments of Economic Incentives with the Environment
A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".
Deadline for manuscript submissions: closed (31 October 2020) | Viewed by 2399
Special Issue Editors
Interests: Experimental economics; environmental economics; service learning; service clubs; social capital
Interests: Mathematics and computational modelling; Land use; Production and the Environmental Management; Energy Economics; Biomass and Bioenergy; Soil and Water Conservation
Special Issue Information
Dear Colleagues,
Good institutions align self-interest with social interest. For sustainability, individual economic interests must be aligned with social-environmental interests. As more incentives for stakeholders can be met, environmental criteria will more likely be met and at a lower cost.
With the right alignment of incentives, the tradeoff between the environment and economy may be minimal or non-existent. Incentive-based policy solutions (i.e., emissions taxes, tradeable allowances) internalize the external costs of certain economic activities. This simultaneously provides entrepreneurs incentives to find less resource-intensive and environmentally damaging production methods.
With bad incentives, there is no tradeoff, as both the economy and environment are damaged. Centrally planned economies, lacking the protection of individual property rights, have a plethora of poor cases of environmental degradation as well as poor records of economic growth.
These extremes have been well-documented in the literature. For this Special Issue, we welcome theoretical and empirical contributions that explore special cases where the tradeoffs between economy and environment cannot easily be mitigated by traditional large-scale command and control and incentive-based approaches but instead call for innovative alignments of economic incentives with the environment. Multidisciplinary approaches exploring social capital, social norms, decentralized solutions, or institutional reforms are particularly welcome. Manuscripts of valuation methods and tools, helping stakeholders see the value of the environment in economic terms, are also welcome.
Dr. Daniel Hall
Dr. Kingsley Bonsu
Mr. Eric Howard
Guest Editors
Manuscript Submission Information
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Keywords
- Environmental economic and social sustainability
- Incentive-based policies
- Decentralized solutions
- Centralized solutions
- Institutional reform
- Social capital
- Environmental valuation
- Environmental self-governance
