Handbook of Sustainable Politics and Economics of Natural Resources


Handbook of Sustainable Politics and Economics of Natural Resources

9781789908763 Edward Elgar Publishing
Edited by Stella Tsani, Assistant Professor, Department of Economics, University of Ioannina, Greece and Indra Overland, Research Professor, Norwegian Institute of International Affairs, Norway
Publication Date: 2021 ISBN: 978 1 78990 876 3 Extent: 432 pp
This timely Handbook draws together insightful analyses of natural resource management challenges and solutions in the face of sustainable development targets and a changing global climate.

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This timely Handbook draws together insightful analyses of natural resource management challenges and solutions in the face of sustainable development targets and a changing global climate.
Expert contributors illustrate the ways iJudgen which resource- and region-specific challenges shape national and global strategies, exploring the institutional aspects of resource management and their implications for policy making. They consider the economic, legal, environmental, social, financial and technological dimensions of resource management, consolidating interdisciplinary knowledge and setting the agenda for future research. Advancing scientific knowledge in the field, the Handbook offers a roadmap for well-informed policy making, highlighting the uncertainties and risks associated with climate change, energy and sustainability transition, and the need for a forward-looking approach to resource management.
Assembling state-of-the-art contributions to provide a clearer understanding of the transformative policy developments ahead, this Handbook is crucial reading for academics and researchers of resource management, public policy, sustainability, energy transition, climate change and environmental studies. It also offers critical empirical insights for policy makers and practitioners developing innovative strategies to meet sustainability targets.

Critical Acclaim
‘This book contains excellent insights into the management of natural resources in the face of climate and sustainable development targets in many different parts of the world. A must for practitioners and researchers.’
– Rick van der Ploeg, University of Oxford, UK

‘The Handbook of Sustainable Politics and Economics of Natural Resources covers a wide range of topics associated with the management of non-renewable resources. The thread connecting the various research paths explored by the authors is the belief that lessons learned from experience alone are not a good enough compass to guide policy making in today’s deeply interconnected and fast changing economy. The importance of tailoring policy making to local circumstances and the type of non-renewable resource is emphasized throughout the book, and its implications are discussed with regard to the path and speed of energy transition policies in resource-rich countries. A good read that successfully puts non-renewable resource policies in context with other important economic and social imperatives.’
– Silvana Tordo, The World Bank, US
Contributors: Elettra Agliardi, Ingilab Ahmadov, Stella Apostolaki, Eduardo Araral, Heli Arminen, Matthias Busse, Joost Buurman, Matondo Estrela Garcia Cardoso, Jean-François Carpantier, Leonor Coutinho, Ayelet Davidovitch, Emmanuella Doussis, Oliver Dreute, Ilaria Espa, Matthew Gidden, Victoire Girard, Gavin Hilson, Roula Inglesi-Lotz, Vladimir Isaila, Aidai Isataeva, Yelena Kalyuzhnova, Wee Chian Koh, Phoebe Koundouri, Mariia Kozlova, Volker Krey, Alma Kudebayeva, Murodbek Laldjebaev, Igor Makarov, André Månberger, Sarah Najm, Indra Overland, Ruslana Rachel Palatnik, Andreas A. Papandreou, Tiia-Lotta Pekkanen, Aloysius Damar Pranadi, Keywan Riahi, Haakon Fossum Sagbakken, Jorma Sappinen, Titus Sauerwein, Dietrich Schmidt-Vogt, Willem Spanjers, Beni Suryadi, Nathan Sussman, Gerhard Toews, Stella Tsani, Roman Vakulchuk, Wessel N. Vermeulen, Lúcio Vinhas de Souza, Cyril Widdershoven,Stefanos Xenarios, Fabio Zagonari

Preface xxii

1 In quest of sustainable politics and economics of natural resources:
a summary of contributions and future research directions 1
Stella Tsani and Indra Overland

2 Natural resources and economic development 15
Wee Chian Koh
3 Renewable energy transition, demand for metals and resource curse effects 30
André Månberger
4 Local and global aspects of coal in the ASEAN countries 45
Haakon Fossum Sagbakken, Aidai Isataeva, Indra Overland, Aloysius Damar
Pranadi, Beni Suryadi and Roman Vakulchuk
5 Policies and socio-economic tools for sustainable water management 64
Stella Tsani, Stella Apostolaki and Phoebe Koundouri
6 Inflated expectations and commodity prices: evidence from Kazakhstan 76
Victoire Girard, Alma Kudebayeva and Gerhard Toews

7 Energy transition, resources and climate change investment policy in the EU 95
Matthias Busse, Oliver Dreute, Vladimir Isaila and Lúcio Vinhas de Souza
8 Climate change policies and resource abundance: the case of Russia 107
Igor Makarov
9 Green policies and sustainable development in Saudi Arabia 123
Stella Tsani and Sarah Najm
10 How ambitious can the Israeli Green Deal be? 136
Ruslana Rachel Palatnik, Ayelet Davidovitch, Volker Krey, Nathan Sussman,
Keywan Riahi and Matthew Gidden
11 Powering the uplands: controversies of developing hydropower in
upstream Central and Mainland Southeast Asia 153
Stefanos Xenarios, Murodbek Laldjebaev, Dietrich Schmidt-Vogt, Joost
Buurman and Eduardo Araral
12 Small-scale mining, rural resilience and the Sustainable Development
Goals in Sub-Saharan Africa 187
Gavin Hilson, Titus Sauerwein and Matondo Estrela Garcia Cardoso
13 Natural resource policies for future sustainability in the African continent 207
Roula Inglesi-Lotz

14 Corruption, resource policies and economic growth 220
Heli Arminen, Tiia-Lotta Pekkanen and Jorma Sappinen
15 Local content policies and institutional capacity for sustainable resource
management 232
Yelena Kalyuzhnova
16 Success and failures of sovereign wealth funds: on the macroeconomic
performance, time-varying objectives and first liquidations of sovereign
wealth funds 244
Jean-François Carpantier and Wessel N. Vermeulen
17 Fiscal policy, macroeconomic volatility and the role of institutions
under resource abundance 263
Leonor Coutinho and Stella Tsani
18 Legal indicators as tools to assess the effectiveness of international
rules related to the sustainable management of natural resources 293
Emmanuella Doussis and Ilaria Espa
19 Resource conservation and environmental ethics: a theoretical
framework supported by panel data 303
Fabio Zagonari

20 Stranded assets and the financial system 322
Andreas A. Papandreou
21 Energy modeling for sustainable policymaking: state of the art and
future challenges 335
Stella Tsani and Mariia Kozlova
22 Ambiguity in financing corporate mitigation policies 349
Elettra Agliardi and Willem Spanjers
23 Resource abundance and socio-economic shocks: COVID-19 pandemic
and the State Oil Fund of Azerbaijan 366
Ingilab Ahmadov
24 Hydrocarbons during energy transition: from peak oil supply to peak oil
demand and investment? Is energy security at risk? 376
Cyril Widdershoven

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