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News articles on environmental economics
Mongabay.com news articles on environmental economics in blog format. Updated regularly.
(09/04/2013) Climate-conscious folk agree that atmospheric carbon concentration is a key greenhouse gas and a large factor in global climate change. However, there are discrepancies in the methods chosen to address the problem. Some say that carbon emissions should be banned. Some say fossil fuels should be priced. Others say that there are nuances within each. Which tools can we realistically use to mitigate climate change and the drastic effects it will have on our world?
Yasuni could still be spared oil drilling
(08/26/2013) When Ecuadorean President, Rafael Correa, announced on August 15th that he was abandoning an innovative program to spare three blocs of Yasuni National Park from oil drilling, it seemed like the world had tossed away its most biodiverse ecosystem. However, environmental groups and activists quickly responded that there may be another way to keep oil companies out of Yasuni's Ishpingo-Tambococha-Tiputini (ITT) blocs: a national referendum.
Arctic melt to cost trillions
(07/30/2013) Rapid thawing of the Arctic could trigger a catastrophic "economic timebomb" which would cost trillions of dollars and undermine the global financial system, say a group of economists and polar scientists. Governments and industry have expected the widespread warming of the Arctic region in the past 20 years to be an economic boon, allowing the exploitation of new gas and oilfields and enabling shipping to travel faster between Europe and Asia.
In age of climate change, Australia's vast coal fields could become worthless
(07/02/2013) Australia's huge coal industry is a speculative bubble ripe for financial implosion if the world's governments fulfill their agreement to act on climate change, according to a new report. The warning that much of the nation's coal reserves will become worthless as the world hits carbon emission limits comes after banking giant Citi also warned Australian investors that fossil fuel companies could do little to avoid the future loss of value.
Local economy ruined by pesticide pollution in the Caribbean
(05/29/2013) On 15 April more than 100 fishermen demonstrated in the streets of Fort de France, the main town on Martinique, in the French West Indies. In January they barricaded the port until the government in Paris allocated €2m ($2.6m) in aid, which they are still waiting for. The contamination caused by chlordecone, a persistent organochlorine pesticide, means their spiny lobsters are no longer fit for human consumption. The people of neighboring Guadeloupe are increasingly angry for the same reason. After polluting the soil, the chemical is wreaking havoc out at sea, an environmental disaster that now threatens the whole economy.
Conservation without supervision: Peruvian community group creates and patrols its own protected area
(04/30/2013) When we think of conservation areas, many of us think of iconic National Parks overseen by uniformed government employees or wilderness areas purchased and run from afar by big-donor organizations like The Nature Conservancy, Wildlife Conservation Society, WWF, or Conservation International. But what happens to ecosystems and wildlife in areas where there's a total lack of government presence and no money coming in for its protection? This is the story of one rural Peruvian community that took conservation matters into their own hands, with a little help from a dedicated pair of primate researchers, in order to protect a high biodiversity cloud forest.
'Carbon bubble' could cause next global financial crisis
(04/22/2013) The world could be heading for a major economic crisis as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars, according to leading economists. "The financial crisis has shown what happens when risks accumulate unnoticed," said Lord (Nicholas) Stern, a professor at the London School of Economics. He said the risk was "very big indeed" and that almost all investors and regulators were failing to address it.
Conservation policies that boost farm yields may ultimately undermine forest protection, argues study
(04/17/2013) Rising agricultural profitability due to higher prices, improved crop productivity, and forest conservation itself could make it increasingly difficult for conservation programs tied to payments for ecosystem services to succeed, warns a study published this week in the journal Proceedings of the National Academy of Sciences.
Proposed coal plant threatens Critically Endangered Philippine cockatoo
(04/02/2013) One kilometer off the Philippine island of Palawan lays the Rasa Island Wildlife Sanctuary; here forest grows unimpeded from a coral island surrounded by mangroves and coral reefs. Although tiny, over a hundred bird species have been recorded on the island along with a major population of large flying foxes, while in the waters below swim at least 130 species of coral fish, three types of marine turtles, and that curious-looking marine mammal, dugongs. Most importantly, perhaps, the island is home to the world's largest population of Philippine cockatoos (Cacatua haematuropygia), currently listed as Critically Endangered. But, although uninhabited by people, Rasa Island may soon be altered irrevocably by human impacts.
Carbon Markets or Climate Finance - book review
(03/25/2013) Carbon markets or climate finance? This is the question posed by Carbon Markets or Climate Finance, edited by Axel Michaelowa. First of all, let’s define climate finance as the financial resources used to mitigate and adapt to climate change.
Head of IMF: climate change is 'the greatest economic challenge of the 21st century'
(02/06/2013) Climate change not debt or austerity is "the greatest economic challenge of the 21st Century," according to Christine Lagarde, the head of the International Monetary Fund (IMF). Speaking at the World Economic Forum in Davos, Switzerland, Lagarde painted a stark picture of the challenges the world faces when up against rising temperatures.
Forests in Kenya worth much more intact says government report
(01/24/2013) Kenya's forests provide greater services and wealth to the nation when they are left standing. A landmark report by The Kenyan Government and the United Nations Environment Programme (UNEP) addresses the importance of forests to the well-being of the nation, putting Kenya among a pioneering group of countries that aim to center development plans around nature-based assets.
The Economics of Ecosystems and Biodiversity in Local and Regional Policy - a book review
(01/21/2013) The Economics of Ecosystems and Biodiversity in Local and Regional Policy, edited by Heidi Wittmar and Haripriya Gundimeda, provides thoughtful and actionable approaches to integrate nature’s benefits into decision-making frameworks for local and regional policy and public management institutions. Filled with numerous case studies, The Economics of Ecosystems and Biodiversity in Local and Regional Policy, delivers a compendium of concepts and ideas.
Paradigm shift needed to avert global environmental collapse, according to author of new book The Blueprint: Averting Global Collapse
(01/10/2013) Global strategist, trained educator, and international lecturer Daniel Rirdan set out to create a plan addressing the future of our planet. His book The Blueprint: Averting Global Collapse, published this year, does just that. "It has been a sixty hour a week routine," Rirdan told mongabay.com in a recent interview. "Basically, I would wake up with the burden of the world on my shoulders and go to sleep with it. It went on like this for eighteen months." It becomes apparent when reading The Blueprint that it was indeed a monumental undertaking.
World has lost half its wetlands
(11/29/2012) Half of the worlds wetlands have been destroyed in just the last 100 years, says a new report. Published by the Economics of Ecosystems and Biodiversity (TEEB), the report found that of the 25 million square kilometers of wetlands that existed in 1900 just 12.8 million square kilometers now remain. The rate of destruction varies geographically with notable loses in East Asia running at 1.6 per cent per year. In places where aquaculture, over-exploitation (e.g. unsustainable harvesting of fish) and storm damage have been severe, the rate of destruction can be as high as 80 percent.
Investors shouldn't ignore financial risk of environmental damage
(11/29/2012) Environmental damage poses a long-ignored risk to sovereign bonds, according to a new report by the UNEP FI (The United Nations Environment Programme Finance Initiative) and the Global Footprint Network. The report, E-RISC Report, A New Angle on Sovereign Credit Risk, finds that the overuse of natural resources and their degradation has put considerable, and largely unrecognized, risk against national economies.
Unique program to leave oil beneath Amazonian paradise raises $300 million
(11/26/2012) The Yasuni-ITT Initiative has been called many things: controversial, ecological blackmail, revolutionary, pioneering, and the best chance to keep oil companies out of Ecuador's Yasuni National Park. But now, after a number of ups and downs, the program is beginning to make good: the Yasuni-ITT Initiative has raised $300 million, according to the Guardian, or 8 percent of the total amount needed to fully fund the idea.
How to see the forest for the trees: new textbook helps to craft a global understanding of forest economics for all stakeholders
(11/13/2012) Environmental economics is similar to other expanding fields, it turns out. For example, Tauhid Zaman, assistant professor of operations management at the MIT Sloan School of Business, lamented that network analytics far too often focuses on the purely theoretical, and quipped that his colleagues "want to date a model more than they want to model data." William F. Hyde might argue that the same could be said for environmental economists.
Tanzania weighs new soda ash plant in prime flamingo territory
(11/08/2012) In a choice between flamingoes and a soda ash plant, a new report shows that local residents near Lake Natron, Tanzania prefer flamingoes. This is good news for conservationists as the area is the most important breeding site in the world for lesser flamingos (Phoenicopterus minor). While the report shows agreement between residents and conservation groups that the project isn't worth its cost or risk, the Tanzanian government is not giving up yet.
Over 100,000 farmers squatting in Sumatran park to grow coffee
(11/06/2012) Sumatra's Bukit Barisan Selatan National Park—home to the Critically Endangered Sumatran rhinos, tigers, and elephants—has become overrun with coffee farmers, loggers, and opportunists according to a new paper in Conservation and Society. An issue facing the park for decades, the study attempted for the first time to determine the number of squatters either living in or farming off Bukit Barisan Selatan National Park, a UNESCO World Heritage Site; the rough census—over 100,000 people—shocked scientists.
Saving the world's species from oblivion will cost around $80 billion a year, but still a good deal
(10/11/2012) If the world is to conserve its wealth of life—species great and small, beautiful and terrible, beloved and unknown—it will cost from $3.41-4.76 billion annually in targeted conservation funds, according to a new study in Science. But that's not all, the cost of protecting and managing the world's conservation areas was estimated at an additional $76.1 billion a year.
First REDD Textbook - Forest and Climate Change: The Social Dimensions of REDD in Latin America – Book Review
(10/08/2012) Thank you Professor Anthony Hall. After many years, we finally have a REDD textbook that can be used in the undergraduate and graduate classroom. Professor Hall has produced an excellent contribution to the growing Reduced Emissions from Deforestation and Forest Degradation (REDD) literature.
Conflict and perseverance: rehabilitating a forgotten park in the Congo
(09/19/2012) Zebra racing across the yellow-green savannah is an iconic image for Africa, but imagine you're seeing this not in Kenya or South Africa, but in the Democratic Republic of Congo (DRC). Welcome to Upemba National Park: once a jewel in the African wildlife crown, this protected area has been decimated by civil war. Now, a new bold initiative by the Frankfurt Zoological Society (FZS), dubbed Forgotten Parks, is working to rehabilitate Upemba after not only decades of conflict but also poaching, neglect, and severe poverty.
Mangrove deforestation 3x worse for climate than rainforest loss
(09/07/2012) Degradation and destruction of the world's seagrasses, tidal marshes, and mangroves may generate up to a billion tons in carbon dioxide emissions annually, reports a new study.
Human society surpasses 'nature's budget' today
(08/22/2012) As of today, August 22nd, humanity has overshot the world's annual ecological budget, according to the Global Footprint Network, which tracks global consumption related to resource availability and sustainability. The organization looks at a variety of data including the world's fisheries, forests, agriculture, water, mining, and greenhouse gas emissions.
Guyana rainforests secure trust fund
(07/30/2012) The nation of Guyana sports some of South America's most intact and least-imperiled rainforests, and a new $8.5 million trust fund hopes to keep it that way. The Guyanese government has teamed up with Germany and Conservation International (CI) to create a long-term trust fund to manage the country's protected areas system (PAS).
Making reforestation work in abandoned pasturelands
(07/09/2012) Tropical reforestation is not easy, especially in abandoned pasturelands. But a new study in mongabay.com's open access journal Tropical Conservation Science finds that removing grasses prior to and after planting native tree seeds significantly improves the chances of forests to take root. The study site, located in Mexico's Lacandon rainforest, was covered in an invasive African grass (Cynodon plectostachyus).
Ten African nations pledge to transform their economies to take nature into account
(06/11/2012) Last month ten African nations, led by Botswana, pledged to incorporate "natural capital" into their economies. Natural capital, which seeks to measure the economic worth of the services provided by ecosystems and biodiversity—for example pollination, clean water, and carbon—is a nascent, but growing, method to curtail environmental damage and ensure more sustainable development. Dubbed the Gaborone Declaration, the pledge was signed by Botswana, Liberia, Namibia, Mozambique, Rwanda, Gabon, Ghana, Kenya, South Africa, and Tanzania following a two day summit.
Scientists: if we don't act now we're screwed
(06/07/2012) Scientists warn that the Earth may be reaching a planetary tipping point due to a unsustainable human pressures, while the UN releases a new report that finds global society has made significant progress on only four environmental issues out of ninety in the last twenty years. Climate change, overpopulation, overconsumption, and ecosystem destruction could lead to a tipping point that causes planetary collapse, according to a new paper in Nature by 22 scientists. The collapse may lead to a new planetary state that scientists say will be far harsher for human well-being, let alone survival.
Want to stop climate change: buy fossil fuel deposits
(06/07/2012) Governments, NGOs, and others fighting climate change should consider buying coal and oil deposits—not to exploit them, but to keep them from being exploited, according to a bold new policy paper in the Journal of Political Economy. Economist Bard Harstad with the Kellogg School of Management argues that climate coalitions could quickly slash carbon emissions by purchasing and conserving marginal fossil fuel deposits, a strategy that would solve the current problem of carbon leakage, i.e. when cutting emissions in one place pushes others to burn more elsewhere. Given that carbon emissions rose to a new record last year—31.6 gigatons—and carbon has hit 400 parts per million (ppm) in the atmosphere for the first time in at least 800,000 years, Harstad's analysis comes at a time when scientists are warning that urgent and bold action is needed to mitigate global climate change before it becomes irreversible.
Consumption, population, and declining Earth: wake-up call for Rio+20
(05/15/2012) Currently, human society is consuming natural resources as if there were one-and-a-half Earths, and not just a single blue planet, according to the most recent Living Planet Report released today. If governments and societies continue with 'business-as-usual' practices, we could be consuming three years of natural resources in 12 months by 2050. Already, this ecological debt is decimating wildlife populations worldwide, disproportionately hurting the world's poor and most vulnerable, threatening imperative resources like food and water, heating up the atmosphere, and risking global well-being.
For Earth Day, 17 celebrated scientists on how to make a better world
(04/22/2012) Seventeen top scientists and four acclaimed conservation organizations have called for radical action to create a better world for this and future generations. Compiled by 21 past winners of the prestigious Blue Planet Prize, a new paper recommends solutions for some of the world's most pressing problems including climate change, poverty, and mass extinction. The paper, entitled Environment and Development Challenges: The Imperative to Act, was recently presented at the UN Environment Program governing council meeting in Nairobi, Kenya.
Smoking gun for bee collapse? popular pesticides
(03/29/2012) Commonly used pesticides may be a primary driver of the collapsing bee populations, finds two new studies in Science. The studies, one focused on honeybees and the other on bumblebees, found that even small doses of these pesticides, which target insect's central nervous system, impact bee behavior and, ultimately, their survival. The studies may have far-reaching repercussions for the regulation of agricultural chemicals, known as neonicotinoid insecticides, that have been in use since the 1990s.
As world bodies dally, private sector, local governments forge ahead on valuing nature
(03/28/2012) Despite slow progress via the U.N. process and other intergovernmental bodies, national governments, municipalities, and the private sector are moving ahead with initiatives to measure and compensate the value of services afforded by ecosystems, said a leading forestry expert speaking on the sidelines of the Skoll World Forum on Social Entrepreneurship meeting this week in Oxford.
Innovative program seeks to safeguard Peruvian Amazon from impacts of Inter-Oceanic Highway
(03/06/2012) Arbio was begun by Michel Saini and Tatiana Espinosa Q. in the Peruvian Amazon region of Madre de Dios. The project focuses on a protective response to the increased encroachment and destructive land use driven by development. The recent construction of the Inter-Oceanic Highway in the Madre de Dios area presents an enormous threat to forest biodiversity. Arbio provides opportunities to help establish a buffer zone near the road to limit intrusive agricultural and deforestation activities.
Tourism for biodiversity in Tambopata
(02/27/2012) Research and exploration in the Neotropics are extraordinary, life-changing experiences. In the past two decades, a new generation of collaborative projects has emerged throughout Central and South America to provide access to tropical biodiversity. Scientists, local naturalists, guides, students and travelers now have the chance to mingle and share knowledge. Fusion programs offering immersion in tropical biology, travel, ecological field work, and adventure often support local wilderness preservation, inspire and educate visitors.
Innovative conservation: wild silk, endangered species, and poverty in Madagascar
(02/20/2012) For anyone who works in conservation in Madagascar, confronting the complex difficulties of widespread poverty is a part of the job. But with the wealth of Madagascar's wildlife rapidly diminishing— such as lemurs, miniature chameleons, and hedgehog-looking tenrecs found no-where else in the world—the island-nation has become a testing ground for innovative conservation programs that focus on tackling entrenched poverty to save dwindling species and degraded places. The local NGO, the Madagascar Organization of Silk Workers or SEPALI, along with its U.S. partner Conservation through Poverty Alleviation (CPALI), is one such innovative program. In order to alleviate local pressure on the newly-established Makira Protected Area, SEPALI is aiding local farmers in artisanal silk production from endemic moths. The program uses Madagascar's famed wildlife to help create more economically stable communities.
California cap-and-trade law spurs U.S. forest carbon projects
(02/15/2012) Now that California's carbon market has arrived, an Australian-based company that specializes in forest carbon offsets has jump started two forest projects with private landowners in the western U.S. The new company, Forest Carbon Partners, will make the projects available as carbon offsets for California polluters.
Tropical ecologist: Australia must follow U.S. and EU in banning illegally logged wood
(02/09/2012) Australia should join the widening effort to stamp out illegal logging, according to testimony given this week by tropical ecologist William Laurance with James Cook University. Presenting before the Australian Senate's rural affairs committee, Laurance argued that the massive environmental and economic costs of illegal logging worldwide should press Australia to tighten regulations against importing illegally logged timber at home.
Black Swans and bottom-up environmental action
(02/08/2012) The defining events shaping the modern world - economic, social, environmental, progressive and disruptive - are frequently characterized as "Black Swans."The Black Swan term and theory were characterized by author and analyst Nassim Nicholas Taleb who explains, "What we call here a Black Swan (and capitalize it) is an event with the following three attributes. First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Second, it carries an extreme impact. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable." Taleb identifies the emergence of the internet, the attacks of September 11, 2001, the popularity of Facebook, stock market crashes, the success of Harry Potter, and World War I as among Black Swan events.
Wall Street Journal under attack for climate op-ed
(01/31/2012) The Wall Street Journal is under attack for publishing an op-ed attacking climate science last Friday, while turning down another op-ed explaining climate change and signed by 255 researchers with the U.S. National Academy of Sciences, which was eventually published in the journal Science. The op-ed last Friday first garnered attention because it was signed by 16 scientists, however other journalists have shown that most of these signatories are not climatologists (the list includes an astronaut, a physician, and an airplane engineer), many are well-known deniers, and at least six have been tied to the fossil fuels industry.
Brazilian mining company connected to Belo Monte dam voted worst corporation
(01/31/2012) The world's second largest mining company, Vale, has been given the dubious honor of being voted the world's most awful corporation in terms of human rights abuses and environmental destruction by the Public Eye Awards. Vale received over 25,000 votes online, likely prompted in part by its stake in the hugely controversial Brazilian mega-dam, Belo Monte, which is being constructed on the Xingu River. An expert panel gave a second award to British bank Barclay's for speculation on food prices, which the experts stated was worsening hunger worldwide.
Economic slowdown leads to the pulping of Latvia's forests
(01/23/2012) The economic crisis has pushed many nations to scramble for revenue and jobs in tight times, and the small Eastern European nation of Latvia is no different. Facing tough circumstances, the country turned to its most important and abundant natural resource: forests. The Latvian government accepted a new plan for the nation's forests, which has resulted in logging at rates many scientists say are clearly unsustainable. In addition, researchers contend that the on-the-ground practices of state-owned timber giant, Latvijas Valsts meži (LVM), are hurting wildlife and destroying rare ecosystems.
Recognizing value of nature could boost income for the world's poor
(01/20/2012) The rural poor would substantially boost their income if the ecological services of the ecosystems they steward were valued and compensated by the rest of the world, claims a new study published in the journal Bioscience.
One company behind U.S.'s top three biggest greenhouse gas emitters
(01/16/2012) The Atlanta-based Southern company owns the top three biggest sources of greenhouse gas emissions in the U.S. according to recent data released by the Environmental Protection Agency (EPA). Three of Southern's coal-fired plants—two in Georgia and one in Alabama—account for around 64.74 million metric tons of total greenhouse gas emissions, higher than all of Finland's carbon emission in 2008.
How much is the life of a whale worth?
(01/16/2012) How do you end a decades-long conflict between culture and conservation? How do you stop a conflict where both sides are dug in? A new paper in Nature proposes a way to end the long and bitter battle over whaling: environmentalists could pay whalers not to whale.
Indonesia could earn billions from well-designed deforestation-reduction program, finds study
(01/12/2012) Indonesia could have earned $5 billion in revenue and avoided 1 billion tons of carbon dioxide emissions between 2000 and 2005 had a reducing emissions from deforestation and degradation (REDD+) program been in place, reports an assessment published in the journal Proceedings of the National Academy of Science.
Eco-toilets help save hippos and birds in Kenya
(01/04/2012) It may appear unintuitive that special toilets could benefit hippos and other wetland species, but the Center for Rural Empowerment and the Environment (CREE) has proven the unique benefits of new toilets in the Dunga Wetlands on Lake Victoria's Kenyan side. By building ecologically-sanitary (eco-san) toilets, CREE has managed to alleviate some of the conflict that has cropped up between hippos and humans for space.
Ecuador makes $116 million to not drill for oil in Amazon
(01/02/2012) A possibly ground-breaking idea has been kept on life support after Ecuador revealed its Yasuni-ITT Initiative had raked in $116 million before the end of the year, breaking the $100 million mark that Ecuador said it needed to keep the program alive. Ecuador is proposing to not drill for an estimated 850 million barrels of oil in the Ishpingo-Tambococha-Tiputinin (ITT) blocs of Yasuni National Park if the international community pledges $3.6 billion to a United Nations Development Fund (UNDF), or about half of what the oil is currently worth. The Yasuni-ITT Initiative would preserve arguably the most biodiverse region on Earth from oil exploitation, safeguard indigenous populations, and keep an estimated 410 million tons of CO2 out of the atmosphere. However, the initiative is not without its detractors, some arguing the program is little more than blackmail; meanwhile proponents say it could prove an effective way to combat climate change, deforestation, and mass extinction.
Earth systems disruption: Does 2011 indicate the "new normal" of climate chaos and conflict?
(12/21/2011) The year 2011 has presented the world with a shocking increase in irregular weather and disasters linked to climate change. Just as the 2007 "big melt" of summer arctic sea ice sent scientists and environmentalists scrambling to re-evaluate the severity of climate change, so have recent events forced major revisions and updates in climate science.
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