scholarly journals Linking sustainable local economic development to a market-based carbon control regime: Carbon restoration projects in the Eastern Cape province of South Africa using Portulacaria afra

2019 ◽  
Vol 12 (1) ◽  
Author(s):  
James Polak ◽  
Jeanette Snowball
Keyword(s):  
Economic Development ◽  
Carbon Sequestration ◽  
Local Economic Development ◽  
Carbon Market ◽  
Carbon Markets ◽  
Eastern Cape ◽  
Carbon Credits ◽  
Land Restoration ◽  
Mitigation And Adaptation

Orientation: There is growing interest in how international climate change mitigation and adaptation programmes play out at the local level.Research purpose: The aim of this study was to investigate the link between land restoration and carbon sequestration projects in the Eastern Cape, using Portulacaria afra (Spekboom), and market-based approaches to address global climate change.Motivation for the study: The Eastern Cape is one of the poorest areas of the country, and there is great emphasis on the establishment of economically and environmentally sustainable, as well as socially just, local economic development (LED) initiatives. However, LED projects are often not sustainable in the long run.Research design, approach and method: A mixed methods design, using data on international carbon markets, and key stakeholder interviews with those involved in LED land restoration programmes, was used. Qualitative results were analysed using Connelly’s (2007) framework for sustainable development, which included indicators for environmental protection, economic growth and social justice.Main findings: Stakeholders perceive the long-term financial sustainability of such projects as resting on their ability to earn carbon credits, despite the current very low international carbon prices.Practical/managerial implications: The long-term success of carbon-based restoration projects may depend on the establishment of a local carbon market or continued public funding. Upfront costs of land restoration projects are high and return only starts years later.Contribution/value-add: The establishment of a South African carbon market that helps carbon sequestration LED projects to meet the technical and administrative requirements needed to sell carbon credits will be an important determinant of their sustainability.

Short-Term Versus Long-Term Effects of the Louisville Enterprise Zone Incentives: A Response to Sumei Zhang

2020 ◽  
Vol 34 (3) ◽  
pp. 294-298
Author(s):  
Thomas E. Lambert
Keyword(s):  
Economic Development ◽  
Time Horizon ◽  
Local Economic Development ◽  
Jefferson County ◽  
Long Term Effects ◽  
Short Term ◽  
Enterprise Zone ◽  
Letter To The Editor ◽  
Development Policies

Zhang wrote that the Louisville enterprise zone (EZ) was more successful than what previous research showed and that variations in research design have led to conflicting or mixed reviews of many local economic development policies that are based on the EZ concept. She mentions a study and an article on the Louisville, Kentucky EZ and implies the time horizon used to evaluate it was too short. This Forum/Letter to the Editor points out that the Louisville EZ went through multiple transformations and expansions over its history from 1983 to 2003, and as noted in the first of two studies, the original zone showed virtually no progress from 1983 to 1990. Several other unpublished papers pointed out the same results when the original EZ and other parts of the expanded EZ were analyzed up to the last years of the 20th century. Finally, this Forum/Letter to the Editor argues that and provides reasons for the methodology employed by Lambert and Coomes as a superior way of analyzing the Louisville EZ when compared with the methods employed by Zhang. The main reason why Zhang showed success in the EZ is because she mostly evaluates it in its final form in the late 1990s after it had annexed many sections of Jefferson County, which were not as nearly economically disadvantaged as the original Louisville EZ established in 1983.

scholarly journals The Long-Term Trend Analysis and Scenario Simulation of the Carbon Price Based on the Energy-Economic Regulation

2020 ◽  
Vol 12 (5) ◽  
pp. 653-668
Author(s):  
Zhao-Peng Li ◽  
Li Yang ◽  
Si-Rui Li ◽  
Xiaoling Yuan
Keyword(s):  
Economic Development ◽  
Energy Consumption ◽  
Clean Energy ◽  
Carbon Price ◽  
Energy Development ◽  
Carbon Market ◽  
Content Type ◽  
Price Trends ◽  
The Impact

Purpose China’s national carbon market will be officially launched in 2020, when it will become the world’s largest carbon market. However, China’s carbon market is faced with various major challenges. One of the most important challenges is its impact on the social and economic development of arid and semi-arid regions. By simulating the carbon price trends under different economic development and energy consumption levels, this study aims to help the government can plan ahead to formulate various countermeasures to promote the integration of arid and semi-arid regions into the national carbon market. Design/methodology/approach To achieve this goal, this paper builds a back propagation neural network model, takes the third phase of the European Union Emissions Trading System (EU ETS) as the research object and uses the mean impact value method to screen out the important driving variables of European Union Allowance (EUA) price, including economic development (Stoxx600, Stoxx50, FTSE, CAC40 and DAX), black energy (coal and Brent), clean energy (gas, PV Crystalox Solar and Nordex) and carbon price alternatives Certification Emission Reduction (CER). Finally, this paper sets up six scenarios by combining the above variables to simulate the impact of different economic development and energy consumption levels on carbon price trends. Findings Under the control of the unchanged CER price level, economic development, black energy and clean energy development will all have a certain impact on the EUA price trends. When economic development, black energy consumption and clean energy development are on the rise, the EUA price level will increase. When the three types of variables show a downward trend, except for the sluggish development of clean energy, which will cause the EUA price to rise sharply, the EUA price trend will also decline accordingly in the remaining scenarios. Originality/value On the one hand, this paper incorporates driving factors of carbon price into the construction of carbon price prediction system, which not only has higher prediction accuracy but also can simulate the long-term price trend. On the other hand, this paper uses scenario simulation to show the size, direction and duration of the impact of economic development, black energy consumption and clean energy development on carbon prices in a more intuitive way.

Local Economic Development in Transition Economies

2020 ◽  
pp. 522-539
Author(s):  
József Káposzta ◽  
Krisztián Ritter ◽  
Henrietta Nagy
Keyword(s):  
Economic Development ◽  
Transition Economies ◽  
Rural Areas ◽  
Local Economic Development ◽  
Spatial Processes ◽  
Sustainable Rural Development ◽  
Local Conditions ◽  
Endogenous Potentials ◽  
Urban And Rural Areas

There are significant inequalities in development both within and over the borders of countries, in addition, urban and rural areas show significant differences in the level of development. The reason for the occurrence of spatial discrepancies is that the economic and social processes are always restructured in space and time and such processes are even accelerated by the globalization. In order to get precise and realistic picture about territorial processes, it is worth to learn the spatial processes that have already happened as well as their impacts on the spatial structure, since these may enable the regions to break out from the disadvantaged situation. In such a multivariable system, the development strategies need to be built on the endogenous potentials and own strengths of the regions. The aim of this chapter is to highlight the importance of local values and local conditions in the sustainable rural development, thus emphasizing the importance of localization in long-term progress. The chapter puts emphasis on the characteristics and features of transition countries.

Economic Development Challenges for Immigrant Retail Corridors: Observations From Chicago’s Devon Avenue

2017 ◽  
Vol 31 (4) ◽  
pp. 342-359 ◽  
Author(s):  
Akshali Gandhi ◽  
Jennifer Minner
Keyword(s):  
Economic Development ◽  
Local Economic Development ◽  
Development Planning ◽  
Regional Economies ◽  
Immigrant Entrepreneurship ◽  
Mixed Methods Case Study ◽  
Gateway Communities ◽  
The Cost

Immigrant entrepreneurship is important to local and regional economies, cultural identity, placemaking, and tourism. Meanwhile, regional conditions, such as the development of suburban immigrant gateway communities and increases in the cost of business ownership, complicate local economic development efforts in urban ethnic districts. This research is presented as a mixed–methods case study of Devon Avenue in Chicago, IL, home to a significant concentration of South Asian–owned immigrant businesses. Challenges and pressures facing businesses are examined through merchant surveys and interviews. Observations reinforce the notion that cultural competency and strong grassroots leadership is vital for economic development planning so that “capitalizing” on an ethnic heritage does not become a tool for commodification or commercial gentrification. Agencies must also be mindful of the impacts associated with suburbanization of immigrant communities and take a long-term, regional approach to planning in ethnic commercial corridors.

scholarly journals Using Municipal Tourism Assets for Leveraging Local Economic Development in South Africa

2020 ◽  
Vol 48 (48) ◽  
pp. 47-63 ◽  
Author(s):  
Christian M. Rogerson
Keyword(s):  
Economic Development ◽  
Local Government ◽  
Local Governments ◽  
Local Economic Development ◽  
Local Development ◽  
Tourism Development ◽  
Global South ◽  
Eastern Cape ◽  
Local Municipality ◽  
Development Outcomes

AbstractTourism development can be a vital component of place-based development initiatives in the global South. The nexus of tourism and place-based development thinking in the global South and of the role of local governments is only beginning to be investigated by tourism scholars. This article explores the record of using tourism assets in one South African local municipality for leveraging local economic development. Evidence is drawn from the experience of the King Sabata Dalindyebo Local Municipality in South Africa's Eastern Cape province. The research results point to an unimpressive record on the part of local government in directing the use of local assets for assisting tourism development. Several challenges are revealed to explain the underperformance of potentially valuable local assets in this municipality. Institutional and governance shortcomings, including widespread corruption, underpin the observed weaknesses both in the everyday workings of local government in relation to service delivery and infrastructure support as well as its inability to implement plans for local economic development. Well-meaning policies proposed for tourism development are not implemented variously for reasons of funding, lack of local support, lack of entrepreneurialism by the municipality and lack of ability to implement because of capacity issues. Potential state assets which could bolster tourism and local development outcomes are not being realized and in many cases the assets themselves are in a state of deterioration because of neglect.

Sign in / Sign up

Export Citation Format

Share Document