The “Legitimate Expectations” of Investors and the CDM: Balancing Public Goods and Private Rights under the Climate Change Regime

2008 ◽  
Vol 2 (1) ◽  
pp. 10
Author(s):  
J. Werksman
Author(s):  
Mariusz Maciejczak

The research aimed to determine the types of external benefits associated with running the vineyard in accordance to with the principles of sustainable production, and then, based on conclusions from the assessment of the development of vineyards growing in Poland under climate change conditions, to examine consumer opinions on their willingness to pay for wine originating from crops that generate positive externalities. It was found that the cultivation of grapes in a sustainable manner is characterized by the existence of external benefits. These benefits result from the local character of public goods, which include primarily the ecosystem described as terroir and related elements such as biodiversity and landscape. They interact in a synergistic way to other external social benefits, such as tourist attractiveness or cultural heritage. It has been shown that viticulture for wine and wine production in Poland is growing rapidly, and climate change will affect further potential development opportunities for this sector. The surveyed consumers pointed out that the wine attributes such as the organic way of production or practices responding to climate change are important for them. For the most part, they are willing to pay for it more than for features related to other external benefits, i.e. biodiversity or landscape. It is argued, that orientation of Polish vineyards to produce in a way that generates external benefits, ie. organically, will allow to take advantage of the network effect which may translate into the desire of consumers to pay a higher price for wine.


2020 ◽  
Vol 15 (4) ◽  
pp. 670-680
Author(s):  
Javier Solana

Summary Apocalyptic predictions on the world’s future after COVID-19 are unfounded. Structures of global governance can be reinforced through greater subsidiarity; that is, by enhancing the participation of local authorities, by the involvement of civil society and the private sector and by regionalising initiatives, where appropriate. Furthermore, globalisation’s scope should be extended to comprise the shared governance of all global public goods and elements affecting human security. This essay outlines how this transformation could work for the four policy areas of global trade, food security, public health and climate change.


2010 ◽  
Vol 70 (2) ◽  
pp. 331-338 ◽  
Author(s):  
Reviva Hasson ◽  
Åsa Löfgren ◽  
Martine Visser

2011 ◽  
Vol 108 (29) ◽  
pp. 11825-11829 ◽  
Author(s):  
A. Tavoni ◽  
A. Dannenberg ◽  
G. Kallis ◽  
A. Loschel

2017 ◽  
Author(s):  
Anton A. Bondarev ◽  
Beat Hintermann ◽  
Frank Krysiak ◽  
Ralph Winkler

2018 ◽  
Vol 112 (1) ◽  
pp. 67-79 ◽  
Author(s):  
Anne van Aaken

AbstractCollective action problems with public good characteristics such as climate change have important implications for international law. This note argues that behavioral insights from laboratory experiments, in which individuals engage in public goods games, can contribute to our understanding of how best to optimize the design of international legal regimes dealing with global public goods and common pool resources. Behavioral economics, to the extent it supplements or displaces rational-choice models in institutional design, may enable deeper and more sustained forms of international cooperation.


Conservation ◽  
2021 ◽  
pp. 185-206
Author(s):  
Charles Perrings

Chapter 8 considers the conservation of environmental public goods. The nonexclusive and nonrival nature of public goods provide an incentive to free-ride on the efforts of others. The result is that such public goods are systematically undervalued and the underlying environmental assets—such as watersheds, habitats, and ecological communities—are underconserved. It shows how individuals determine their contribution to public goods (via a Nash-Cournot reaction curve), and compares the result to the contribution that would be made if resources were being allocated efficiently from the perspective of society. Types of environmental public goods considered include additive (climate change), best- and better-shot (defence), weakest- and weaker-link (infectious disease control), and local public goods (common pool resources). The chapter also shows how strategic behavior by the beneficiaries of public goods may lead to socially undesirable outcomes (such as prisoner’s dilemmas).


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