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Review of Environmental Economics and Policy Advance Access originally published online on February 27, 2008
Review of Environmental Economics and Policy 2008 2(1):4-25; doi:10.1093/reep/rem025
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© The Author 2008. Published by Oxford University Press on behalf of the Association of Environmental and Resource Economists. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org

Environmental Economics at the World Bank

Susmita Dasgupta, Kirk Hamilton, Stefano Pagiola* and David Wheeler**

The first 150 words of the full text of this article appear below.


   Introduction
 
Environmental economics entered the intellectual mainstream at the World Bank in 1992. That year was marked by the publication of "Development and the Environment" in the Bank's flagship World Development Report (WDR) series. Previously, high-level attention to environmental issues had been sporadic and defensive, driven largely by adverse publicity about the environmental impacts of large infrastructure projects. WDR 1992 reflected a shift toward more systematic thinking about sustainable development. Publication of WDR 1992 also coincided with the Rio Earth Summit, a milestone event whose achievements included the Climate Change Convention, which would evolve into the Kyoto Protocol, and the Convention on Biological Diversity, which launched the Global Environment Facility to channel billions of dollars into biodiversity conservation.

Of course, the World Bank has been only one player among many since 1992. Critical roles in promoting sustainable development have been played by governments, NGOs, universities, think tanks, and other development institutions. . . . [Full Text of this Article]


   Evolution of Environmental Economics at the World Bank
 

   Resource and Environmental Accounting
 
Theoretical Developments
Recent Work
Empirical Estimates of Saving and Wealth
Impact
Issues, Challenges, and Opportunities

   Economic Valuation
 
Economic Analysis of Projects
Measuring the Cost of Degradation

   Developing Innovative Solutions to Environmental Problems
 
Payment for Environmental Services
Public Disclosure for Pollution Control in Asia

   Other Environmental Economics Research at the World Bank
 
Assessment of Environmental Resource Allocation
Managing and Adapting to Climate Change
Reducing Tropical Deforestation
Poverty/Environment Interactions

   Conclusions
 

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