This paper uses a transaction cost approach in order to classify the different policy options that are currently discussed in relation to the Kyoto protocol. It analyses the market as only one of the possible collective decision making processes, which are available to operationalize the concept of sustainable development. The firm, the third sector, the government, the market are analysed as collective decision making processes. They are socially constructed in the sense that they are institutions, which are subject to change. Compared to initial and already existing institutions, the policy options for environmental protection are evaluated in the light of the associated transaction costs. The paper concludes with the recommendation for new institutional arrangements minimising transaction costs at both the national and international level.

Available this summer in its Eighth Edition, RosenbaumÆs classic, comprehensive text once more provides definitive coverage of environmental politics and policy, lively case material, and a balanced assessment of current environmental issues. Notable revisions include: * A completely revamped energy chapter covering conventional energy policy as well as a comparative examination of alternatives to current energy production. ò Expanded discussion of current U.S. climate change policy with attention to the role of the states, the impact of global environmental politics, and emerging technologies on policy alternatives. ò Analysis of the Obama administrationÆs energy agenda and its profound differences from Bush administration policies and the practical difficulties of creating an effective political coalition in support of the new policy agenda. ò Greater emphasis on executive-congressional relations in the policy-making cycle. ò Examination of changes in the environmental movement, with particular attention to newly emerging cleavages over energy and climate issues. ò A thorough updating of all policy chapters, including an examination of such topics as ômountain top removal,ö the emergence of Bisphenol A as an endocrine disruptor issue, and the ônew NIMBYism.ö New and revised tables, figures, and other data illustrate key environmental information while a new, detailed timeline frames the initial chapterÆs historical narrative of evolving environmental policy.

The first edition of Public Policies for Environmental Protection contributed significantly to the incorporation of economic analysis in the study of environmental policy. Fully revised to account for changes in the institutional, legal, and regulatory framework of environmental policy, the second edition features updated chapters on the EPA and federal regulation, air and water pollution policy, and hazardous and toxic substances. It includes entirely new chapters on market-based environmental policies, global climate change, solid waste, and, for the first time, coverage of the Safe Drinking Water Act. Portney, Stavins, and their contributors provide an invaluable resource for researchers, policymakers, industry professionals, and journalists---anyone who needs up-to-date information on U.S. environmental policy. With their careful explanation of policy alternatives, the authors provide an ideal book for students in courses about environmental economics or environmental politics.

Walter A. Rosenbaum’s classic Environmental Politics and Policy provides definitive coverage of environmental politics and policy, lively case material, and a balanced assessment of current environmental issues. The first half of the book sets needed context and describes the policy process while the second half covers specific environmental issues such as air and water; toxic and hazardous substances; energy; and a global policymaking chapter focused on climate change and trans-boundary politics. The eleventh edition includes updates on the Trump administration′s initiatives and controversies with regard to environmental policy, offering the currency and relevancy needed for any environmental politics course.

Covering global threats such as climate change, population growth, and loss of biodiversity, as well as national, state, and local problems of environmental pollution, energy use, and natural resource use and conservation, Environmental Policy and Politics provides a comprehensive overview of U.S. policy-making processes, the legislative and administrative settings for policy decisions, the role of interest groups and public opinion in environmental politics, and the public policies that result. It helps readers understand modern environmental policy and its implications, including the need for a comprehensive and integrated approach to problem solving.

Most controversies in environmental policy are rooted in clashes of values involving science and technology versus humanism, economic efficiency versus humanism, the role of nature in society and the role of government in society. The author discusses how America makes environmental policy - at the Federal and State levels as well as their enforcement agencies designed to protect and regulate at the same time. Portney examines legislation, public opinion, implementation or non-implementation relative to the debates over water, air and soil management.