F. Natali , G. Toraldo , F. Giannino , G. Cicia , G. Branca
{"title":"Policy management of the Italian small pelagic fishery in the Adriatic Sea: A dynamic maximum economic yield approach","authors":"F. Natali , G. Toraldo , F. Giannino , G. Cicia , G. Branca","doi":"10.1016/j.ecolecon.2024.108260","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108260","url":null,"abstract":"<div><p>The sustainability of most Mediterranean fisheries is heavily compromised, suggesting the need for an effective policy response to preserve both profitability of fleets and fish stocks in the long run. This study focuses on the Italian small pelagic fleet in the Adriatic Sea. More specifically, we focus on anchovies and sardines' stocks, which account for most of the total catches in the area in terms of landed weight. We build an optimization model aimed at estimating the discounted Maximum Economic Yield (MEY) of this fishery under selected policy scenarios ranging from effort limitations to total allowable catch (TAC) management. The model allows us to compare the bioeconomic performances of the fishery over a time span of 10 years. The results outline a trade-off between biological and economic policy targets, as well as an efficiency gap among fishing gears. This gap ultimately leads to an uneven distribution of economic benefits under restrictive policy scenarios.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141313168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Yunfeng Yan , Xiyuan Li , Ran Wang , Bo Meng , Zhongxiu Zhao , Xuemeng Li
{"title":"Visible carbon emissions vs. invisible value-added: Re-evaluating the emissions responsibility of multinational enterprises in global value chains","authors":"Yunfeng Yan , Xiyuan Li , Ran Wang , Bo Meng , Zhongxiu Zhao , Xuemeng Li","doi":"10.1016/j.ecolecon.2024.108262","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108262","url":null,"abstract":"<div><p>Transnational investments led by multinational enterprises (MNEs) promote the redistribution of environmental and economic costs across countries, making value-added attribution and carbon emissions responsibility “mismatched” between developed and developing economies. This study focuses on the evaluation of the “real” emissions responsibility of different economies by matching the value-added and the carbon emissions generated by MNEs through a factor income-based accounting framework. We find that from 2005 to 2016, developed economies' “real” value-added were underestimated by 287.23−766.50 billion USD, and emissions were underestimated by 415.37−489.63 Mt. under the existing accounting framework, while the value-added and emissions of developing economies were significantly overestimated. The cumulative net carbon transfer from developed economies to developing economies through MNEs' investment was as high as 1800.80 Mt. from 2005 to 2016, and if we monetize these transferred emissions, we will get a capital pool worth 26.61 billion USD, which can be provided as an incentive fund to tackle with climate change in developing economies. Our study provides a new perspective on emissions responsibility sharing among developed and developing countries, emphasizes the role of MNEs in global emission generation, and encourages MNEs to pledge their emission reduction goals as global agents in the fight against climate change.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141298221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sharing the burden of negative externalities: A tale of gridlock and accountability elusion","authors":"Andrzej Baranski , Duk Gyoo Kim","doi":"10.1016/j.ecolecon.2024.108264","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108264","url":null,"abstract":"<div><p>We study a game in which players negotiate the allocation of costs resulting from a negative externality, such as pollution-induced economic costs. Our goal is to explore the feasibility of preventing externalities through <em>ex-post</em> negotiations to share the associated burden. We demonstrate that the unanimity rule results in complete pollution due to the veto power of players, allowing them to avoid paying more than their proportional share. Conversely, under the majority rule, multiple equilibria emerge. Pollution can be avoided if players are expected to form a coalition to penalize the largest polluter, thus establishing a credible threat of liability. However, experimental findings indicate the inefficacy of both rules in reducing pollution. Although a significant proportion of high polluters are held accountable, pollution persists due to instances where high polluters use their agenda-setting power to avoid paying. Our study underscores the muted influence of equity considerations in obtaining efficient outcomes when bargaining over costs, which has important implications for ongoing climate change loss and damage negotiations.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141294794","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Criminal enforcement and environmental performance: Evidence from China","authors":"Xian Liu , Wen Wang , Shoujun Huang","doi":"10.1016/j.ecolecon.2024.108267","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108267","url":null,"abstract":"<div><p>The past decade has witnessed an escalation of using criminal enforcement to enhance environmental compliance in China. The purpose of this study is to examine the deterrent effects of criminal enforcement on environmental crimes. To this end, we explore a unique environmental supervision and compliance dataset of Chinese facilities. Our empirical analysis shows that criminal enforcement significantly enhances firms' environmental performance. The preferred specifications suggest that presence of criminal charges in a city is associated with a 12% reduction in the number of environmental violations. This result is robust to different specifications and alternative measures. Our findings further show that the deterrent effect is more pronounced in inland cities and those “non-key” environmental protection cities. It suggests that criminal enforcement has significant complementary effects in enhancing compliance in areas where administrative enforcement is insufficient.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141290971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sociodemographic disparities in ambient particulate matter exposure in Austria","authors":"Klara Zwickl , Xenia Miklin , Asjad Naqvi","doi":"10.1016/j.ecolecon.2024.108180","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108180","url":null,"abstract":"<div><p>We investigate the unequal exposure of neighborhoods to ambient particulate matter in Austria, utilizing municipality-level data from the European Environment Agency and sociodemographic data from Statistics Austria. Particulate matter is a major contributor to environmental health risks, and despite progress, large parts of Austria exceed safe air quality levels. Our analysis shows that foreign nationals encounter considerably higher levels of particulate matter exposure. This finding remains robust to the inclusion of various controls, across different exposure indicators, within and between regions, as well as within urban and rural neighborhoods. Furthermore, people with low educational attainment tend to be more exposed to particulate matter. Regarding income, we observe an inverted U-shaped pattern in which positive associations are prevalent across most income levels, with insignificant or negative links observed at high incomes. Overall, our findings underscore that socioeconomically vulnerable neighborhoods are exposed to higher levels of particulate matter.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141290969","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jacob Ladenburg , Dilge Güldehen Kânoğlu-Özkan , Ugur Soytas
{"title":"CO2 consumer tax support and wind turbine exposure","authors":"Jacob Ladenburg , Dilge Güldehen Kânoğlu-Özkan , Ugur Soytas","doi":"10.1016/j.ecolecon.2024.108245","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108245","url":null,"abstract":"<div><p>With the international commitments to cut CO<sub>2</sub> emissions by 50–70% by 2030 and 100% by 2050–2070, the search for cost-efficient tools is continuously ongoing. In theory, CO<sub>2</sub> taxes are one of the most efficient and simple tools. However, despite their excellent economic properties, CO<sub>2</sub> taxes are not always preferred by the public and can impact social inequality. Another issue is that other CO<sub>2</sub> reduction interventions, such as increased renewable energy like wind power, can substitute the CO<sub>2</sub> tax. Nevertheless, wind power is also controversial, and the local acceptance of new, mainly onshore, wind power projects can be very low. In this paper, we test how these two issues are related. Using data from a national survey with 2386 respondents, we test how the existing and potential future wind power landscape (number of turbines) relates to the CO<sub>2</sub> consumer tax support. The average results show no relations. However, conditional on gender, age, and income, female respondents, older respondents, and respondents from low-income households who can see many turbines from the residence are more <em>positive</em> towards consumer CO<sub>2</sub> taxes than male respondents, younger respondents, and respondents from higher-income households who see two or more turbines. We also find that low-income households with knowledge about local wind turbine projects support a consumer CO2 tax more than higher-income houses with the same knowledge. Finally, the density of turbines on the postal area level correlates differently and significantly with the support of a consumer CO<sub>2</sub> tax between male and female respondents. First, our results illustrate the dynamic properties of wind turbine exposure and the correlation with the support for CO<sub>2</sub> consumer taxes. Secondly, our results also denote the complexity of substitution between acceptance of CO<sub>2</sub> consumer taxes and wind power development across generations and household income levels.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0921800924001423/pdfft?md5=20c698d502ba0794f4cb750cbf03e6cb&pid=1-s2.0-S0921800924001423-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141250411","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Connected we stand: Lead firm ownership ties in the global petrochemical industry","authors":"Joachim Peter Tilsted , Fredric Bauer","doi":"10.1016/j.ecolecon.2024.108261","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108261","url":null,"abstract":"<div><p>Using oil, gas, and coal to produce platform chemicals on an enormous scale, the petrochemical industry constitutes a core part of the global energy order. Given demand growth for petrochemicals, the sector is set to become increasingly important to fossil fuel interests. Arguing that internationalised networks help structure the social metabolism and are important for transformative change, this paper sets out to analyse economic ties in the global petrochemical industry. In this paper, we conceptualise such relations and explore how they foster alignment on a global scale. We emphasise the role of internationalised networks in global socio-technical regimes, arguing for the importance of economic ties that establish a financial and juridical relation. On this basis, we theorise that extensive lead firm ties strengthen global regimes and shape socio-technical reconfigurations to align the interests of incumbent actors. Applying this framework, we analyse ownership relations amongst lead firms in the global petrochemical sector. We find a polycentric but global network aligning interests across major producers which we argue helps maintain and reproduce commitments to fossil fuels. The findings illustrate the relevance of pursuing parallel transitions along the petrochemical value chain, including energy, chemicals, and plastics, to break from fossil fuel dependency.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0921800924001587/pdfft?md5=c88c778a67fa54d0ebd9ca030e86dbee&pid=1-s2.0-S0921800924001587-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141240798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Paul Hadji-Lazaro , Mathilde Salin , Romain Svartzman , Etienne Espagne , Julien Gauthey , Joshua Berger , Julien Calas , Antoine Godin , Antoine Vallier
{"title":"Biodiversity loss and financial stability as a new frontier for central banks: An exploration for France","authors":"Paul Hadji-Lazaro , Mathilde Salin , Romain Svartzman , Etienne Espagne , Julien Gauthey , Joshua Berger , Julien Calas , Antoine Godin , Antoine Vallier","doi":"10.1016/j.ecolecon.2024.108246","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108246","url":null,"abstract":"<div><p>As a first step to assess the financial risks associated with biodiversity loss, this paper develops a method to evaluate the exposure of the financial system to biodiversity-related - physical or transition - shocks. We apply it to the security portfolio held by French financial institutions at the end of 2019. Employing the ENCORE database, we assess physical risks by examining how the firms that issued the securities in the portfolio depend on ecosystem services to produce. Our results indicate that they significantly depend on water-related ecosystem services and that 42% of the value of securities held by French financial institutions were issued by firms highly or very highly dependent on at least one ecosystem service. Using the Global Biodiversity Score tool, we assess transition risks by quantifying the biodiversity footprint of the security portfolio and of the firms that issued the securities. We find that the portfolio footprint is equivalent to the loss of 130,000km<sup>2</sup> of pristine nature and that 38.5% of the portfolio value comes from firms belonging to sectors in the top 10% of biodiversity footprints. This offers new methodological tools to address the relationship between finance and biodiversity from a financial stability perspective.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141244191","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Problematising degrowth strategising: On the role of compromise, material interests, and coercion","authors":"Richard Bärnthaler","doi":"10.1016/j.ecolecon.2024.108255","DOIUrl":"https://doi.org/10.1016/j.ecolecon.2024.108255","url":null,"abstract":"<div><p>Degrowth has been at the centre of ecological economics since the days of its inception. Recently, degrowth scholarship and practice have turned to questions of strategy. To contribute to this debate, this paper uses the methodology of problematisation to reveal and discuss unquestioned assumptions that underpin discursive degrowth-strategy practices and hinder effective strategising. Based on Buch-Hansen's assessment of the (not yet actualised) prerequisites for a degrowth paradigm shift, discursive practices are analysed against the aim of building a comprehensive coalition of social forces and achieving broad-based consent. In addition, the paper draws on Gramscian theory to introduce a third unactualised prerequisite: the will to coerce and rule. The analysis contributes to further developing a theory of deep social-ecological-economic change.</p></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":null,"pages":null},"PeriodicalIF":7.0,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0921800924001526/pdfft?md5=98562241a0febe6f15b9dada75e97644&pid=1-s2.0-S0921800924001526-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141244192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}