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Modelling Sustainable Development

Transitions to a Sustainable Future Edited by Valentina Bosetti, Professor, Bocconi University, Fondazione Eni Enrico Mattei and Euro-Mediterranean Centre on Climate Change, Italy, Reyer Gerlagh, Professor of Environmental Economics, University of Manchester, UK and Stefan P. Schleicher, Professor and Scientific Consultant, Austrian Institute of Economic Research, Austria
This insightful book explores the issue of sustainable development in its more operative and applied sense. Although a great deal of research has addressed potential interpretations and definitions of sustainable development, much of this work is too abstract to offer policy-makers and researchers the feasible and effective guidelines they require. This book redresses the balance.
Extent: 288 pp
Hardback Price: $146.00 Web: $131.40
Publication Date: 2009
ISBN: 978 1 84720 905 4
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  • Economics and Finance
  • Environmental Economics
  • Environment
  • Environmental Economics
This insightful book explores the issue of sustainable development in its more operative and applied sense. Although a great deal of research has addressed potential interpretations and definitions of sustainable development, much of this work is too abstract to offer policy-makers and researchers the feasible and effective guidelines they require. This book redresses the balance.

The authors highlight how various indicators and aggregate measures can be included in models that are used for decision-making support and sustainability assessment. They also demonstrate the importance of identifying practical means to assess whether policy proposals, specific decisions or targeted scenarios are sustainable.

With discussions of basic concepts relevant to understanding applied sustainability analysis, such as definitions of costs and revenue recycling, this book provides policy-makers, researchers and graduate students with feasible and effective principles for measuring sustainable development.
‘. . . the book is interesting for those who would like to know more about the economic energy and climate change models used in the EU and for those who are specialist builders and/or users of such models. . . [it] contains some interesting discussions on highly relevant issues in the modelling of environment-energy-economy systems. . .’
– Erik Mathijs, European Review of Agricultural Economics

‘This book offers valuable analysis, insights and pragmatic guidelines from a group of leading researchers who have ample experience with sustainability indicators and their use in applied economic models. It is an important contribution to the growing literature on making development more sustainable, and nicely complements recent work on the sustainomics framework that focuses on balancing the economic, social and environmental dimensions of sustainable development.’
– Mohan Munasinghe, University of Manchester, UK, Munasinghe Institute for Development (MIND), Sri Lanka and Co-winner, 2007 Nobel Prize for Peace (Vice Chair, IPCC-AR4)
Contributors: T. Barker, C. Böhringer, V. Bosetti, B.K. Buchner, C. Carraro, S. De-Ramon, M. Galeotti, R. Gerlagh, F. Ghersi, J.-C. Hourcade, W. Hyll, G. Klaassen, R. Kopp, A. Löschel, G. Martinus, H. Pollitt, T.F. Rutherford, S.P. Schleicher, K. Smekens, G. Thenius, R.S.J. Tol, B. van der Zwaan
Contents:

Foreword: Challenges of Sustainability to Economics
Ger Klaassen

Introduction: Modelling Sustainability – The TranSust Project
Valentina Bosetti, Reyer Gerlagh and Stefan P. Schleicher

PART I: DEFINING SUSTAINABILITY
1. Economic Models for Sustainable Development
Richard S.J. Tol

2. Designing Sustainability Policy
Barbara K. Buchner

3. An American View of Sustainability
Ray Kopp

PART II: ISSUES IN MODELLING SUSTAINABILITY
4. Implementing the EU Sustainability Indicators
Christoph Böhringer and Andreas Löschel

5. Interpreting Environmental Policy Cost Measures
Jean-Charles Hourcade and Frédéric Ghersi

6. Technical Progress in TranSust Models
Valentina Bosetti and Marzio Galeotti

7. Revenue Recycling and Labour Markets: Effects on Costs of
Policies for Sustainability
Terry Barker, Sebastian De-Ramon and Hector Pollitt

8. Carbon Dioxide Capture and Storage Supporting Sustainable Energy
Systems
Bob van der Zwaan

PART III: MODEL DESCRIPTIONS
9. Market Allocation Model (MARKAL) at ECN
Koen Smekens, Gerard Martinus and Bob van der Zwaan

10. A Hybrid Model: DEMETER
Reyer Gerlagh and Bob van der Zwaan

11. Impact Assessment of Climate Policies (IMACLIM-S)
Frédéric Ghersi

12. The Energy–Environment–Economy Model for Europe (E3ME)
Terry Barker, Sebastian De-Ramon and Hector Pollitt

13. An Endogenous Technical Change Model: FEEM-RICE
Valentina Bosetti, Carlo Carraro and Marzio Galeotti

14. Policy Analysis Based on Computable Equilibrium (PACE)
Christoph Böhringer, Andreas Löschel and Thomas F. Rutherford

PART IV: SYNTHESIS OF TRANSUST
15. Economic Impacts of GHG Emission Reductions: An Overview
of Multiple Model Calculations
Reyer Gerlagh, Stefan P. Schleicher, Walter Hyll and Gregor
Thenius

16. Transition to Sustainability: Some Preliminary Conclusions
Valentina Bosetti and Carlo Carraro

Index