The paper provides an integrated framework to assess water markets in terms of their institutional underpinnings and the three 'pillars' of integrated water resource management: economic efficiency, equity and environmental sustainability. This framework can be used: (1) to benchmark different...

Fresh water supplies increasingly are under stress in many parts of the world due to rising populations, higher per capita incomes and corresponding consumption, greater environmental concerns, and the effects of climate change. Water rights and markets are part of the institutional menus for...

This paper proposes a ranking of the countries where forest carbon sequestration is the most cost-efficient among 166 countries for which data are available. Taking into account the main cost factors leads to a more nuanced ranking of the countries to be favoured for cost-efficient forest carbon...

Economic analysis has been central to the development of greenhouse abatement policy in Australia. CurrentAustralian policy is to remain outside the Kyoto Protocol, while still attempting to meet the emission targetsestablished under the Protocol. Australia?s failure to ratify the Protocol has...

This paper responds to the challenge of how and when to adapt marine capture fisheries to climate change by (1) providing a set of fisheries policy options to climate change; (2) developing a risk and vulnerability assessment and management decision-making framework for adaptation; and (3)...