Physical Sciences and Mathematics Commons^™

Profiting From Regulation: Evidence From The European Carbon Market, James B. Bushnell, Howard Chong, Erin T. Mansur

Dartmouth Scholarship

We investigate how cap-and-trade regulation affects profits. In late April 2006, the EU CO2 allowance price dropped 50 percent, equating to a €28 billion reduction in the value of aggregate annual allowances. We examine daily returns for 552 stocks from the EUROSTOXX index. Despite reductions in environmental costs, we find that stock prices fell for firms in both carbon- and electricity-intensive industries, particularly for firms selling primarily within the EU. Our results imply that investors focus on product price impacts, rather than just compliance costs and the nominal value of pollution permits.

Sustainable Design Education Through A Self-Directed Online System, Jeremy Faludi, Adam Menter

Dartmouth Scholarship

Sustainable design and engineering is an important topic, yet it is under-represented in educational institutions; moreover, it must be taught to practicing professionals, not just students. A free online system has been created to address both problems at once, providing educational materials for educators and also providing a self-paced program for professionals or students to earn a certificate in sustainable design. Called the Autodesk Sustainability Workshop, it is a collection of video tutorials and supporting materials (PDF reference guides, slide decks, quizzes, and other resources) that can be used either by individuals themselves or by educators (either in schools or …

Using Economic Instruments To Develop Effective Management Of Invasive Species: Insights From A Bioeconomic Model, Shana M. Mcdermott, Rebecca E. Irwin, Brad W. Taylor

Dartmouth Scholarship

Economic growth is recognized as an important factor associated with species invasions. Consequently, there is increasing need to develop solutions that combine economics and ecology to inform invasive species management. We developed a model combining economic, ecological, and sociological factors to assess the degree to which economic policies can be used to control invasive plants. Because invasive plants often spread across numerous properties, we explored whether property owners should manage invaders cooperatively as a group by incorporating the negative effects of invader spread in management decisions (collective management) or independently, whereby the negative effects of invasive plant spread are ignored …

Growing A Sustainable Biofuels Industry: Economics, Environmental Considerations, And The Role Of The Conservation Reserve Program, Christopher M. Clark, Yolanda Lin, Britta G. Bierwagen, Laurence M. Eaton, Matthew H. Langholtz, Philip Morefield, Caroline E. Ridley, Laura Vimmerstedt, Steve Peterson, Brian W. Bush

Dartmouth Scholarship

Biofuels are expected to be a major contributor to renewable energy in the coming decades under the Renewable Fuel Standard (RFS). These fuels have many attractive properties including the promotion of energy independence, rural development, and the reduction of national carbon emissions. However, several unresolved environmental and economic concerns remain. Environmentally, much of the biomass is expected to come from agricultural expansion and/or intensification, which may greatly affect the net environmental impact, and economically, the lack of a developed infrastructure and bottlenecks along the supply chain may affect the industry's economic vitality. The approximately 30 million acres (12 million hectares) …

Modeling Biofuel Expansion Effects On Land Use Change Dynamics, Ethan Warner, Daniel Inman, Benjamin Kunstman, Brian Bush, Laura Vimmerstedt, Steve Peterson

Dartmouth Scholarship

Increasing demand for crop-based biofuels, in addition to other human drivers of land use, induces direct and indirect land use changes (LUC). Our system dynamics tool is intended to complement existing LUC modeling approaches and to improve the understanding of global LUC drivers and dynamics by allowing examination of global LUC under diverse scenarios and varying model assumptions. We report on a small subset of such analyses. This model provides insights into the drivers and dynamic interactions of LUC (e.g., dietary choices and biofuel policy) and is not intended to assert improvement in numerical results relative to other works.

Demand …