Impacts of new environmental standards on mining industry: the case of Peru

Article Abstract:

Two alternative approaches measure the impacts of the proposed environmental standards on mining industry in Peru. The discounted cash flow analysis predicts that with the imposition of higher standards, such as the World Bank's, many mines will be inefficient to operate and would need government subsidy to operate at all. These will also have negative value. On the other hand, the option pricing model predicts that higher standards do not lead to a breakdown in the industry and values would drop by an average of 66%. The government, however, should subsidize immediately to keep the supply flowing.

Mining & Extractive Industries, Mining, Intnl Environmental Law, Models, Evaluation, Mining industry, Options (Finance), Environmental impact analysis, Peru, Environmental policy, Environmental economics, International environmental law, Discounted cash flow

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The value of international cooperation for abating global climate change

Article Abstract:

The release of carbon monoxide and other greenhouse gases (GHGs) is a global problem because these gases remain in the atmosphere for decades and affect the climate. The solutions to the problem may be attained either through the noncooperative or the cooperative, global-utility-maximization methods. A comparison of these two methods using game analysis disproves several assumptions, such as substantial differences between these two. The absence of such differences, in turn, suggests that global agreements are not as crucial to climate change limitations as had been previously assumed.

International Groups NEC, International aspects, Environmental aspects, International relations, International cooperation

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Should the north make unilateral technology transfers to the south? North-South cooperation and conflicts in responses to global climate change

Article Abstract:

The problem of unilateral technology transfers in a North-South optimal growth model with cumulative environmental externalities such as ozone-layer depletion and global climate change was analyzed as well as the conditions under which such transfers might be feasible. Findings from simulations using the modified regional integrated model of climate and the economy indicated that it is feasible and advisable for developed countries to make unilateral transfers of environmental technologies to developing countries.

Industrial Gas Manufacturing, Industrial gases, Ozone, Research, Analysis, Environmental policy research, Ozone layer depletion, Technology transfer

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