The natural dividend : just management of our common resources / Jonathon W. Moses and Anne Margrethe Brigham.

Format:

Book

Author/Creator:

Moses, Jonathon Wayne, 1962- author.

Brigham, Anne Margrethe, author.

Language:

English

Subjects (All):

Natural resources--Management.

Natural resources.

Physical Description:

1 online resource (xiv, 267 pages) : digital, PDF file(s).

Place of Publication:

Newcastle upon Tyne : Agenda Publishing, 2023.

Summary:

Forced to embrace a post-carbon future, or risk serious damage to the planet, we have begun a race for alternatives to the scarce resources that previous generations relied on. In this book, Jonathan Moses and Anne Brigham consider how best we might negotiate the world's scarce pool of natural resources, and avoid the pitfalls of the past.<br><br>In order to shift the world's consumption from one set of scarce natural resources to another, they show the need for management regimes that are both politically, as well as environmentally, sustainable. They propose an alternative way to think about resource management for the future, one based on the collective ownership of (stewardship over) nature, and one where the rents resulting from this ownership, like the resources that produce them, belong to the people. Using case studies from particular markets, they demonstrate how such a management model might work to protect our common heritage and allow communities to secure the benefits we can and should expect from scarce resources - our natural dividend.

Contents:

Cover

Half Title

Title Page

Dedication

Copyright Page

Contents

Acknowledgements

1 Introduction

The challenge

Nature's limits and potential

Current approaches

Privatization

Markets

Results

An alternative approach: becoming aware of the Natural Dividend

Overview

2 Who owns the sun?

Nature in common

Nature as essential

Nature as abundant

Abundance in practice

Nature as commodity

Enclosure

Legal access

Commodification

The gifts of nature

An awkward commodity

Returns on labour and investment

Conclusion

3 The Natural Dividend

"The shitty rent business"

The Natural Dividend

Scarcity

Relative scarcity

Induced scarcity

Securing the Natural Dividend

Local content policies

Resource rent taxes

Caveats

4 The earth: The market for land

An historical backdrop

Land management in theory

Land management in practice

The market for land

Management regimes

The source of the Natural Dividend

Differential rents

Value creation

State of the rent

Securing the Natural Dividend from land

5 The sea: The market for salmon

There is no market for "sea"

The market for salmon

Wild salmon

Caught salmon

Farmed salmon

Regulatory rent

Securing the Natural Dividend in salmon aquaculture

6 The sky above: The market for renewable energy

The market for renewable energy

Ownership frameworks

Regulatory pathways

Locational rent

Remuneration schemes

Resource potential

Resource capacity

Securing the Natural Dividend in renewable energy markets

Conclusion.

7 The earth beneath: The market for fossil and mineral resources

The market for subsurface resources

Securing the Natural Dividend in subsurface resource markets

8 A common market?: The market for global resources

The next resource frontier(s)

The new enclosures

The absence of regulatory authority

Inner earth

Antarctica

The high seas

Outer space

The nascent regulatory regime at the International Seabed Authority

Securing the Natural Dividend from the Area

9 Conclusion

Lessons learned

An efficient, safe and just allocation

Changing perceptions

Making political authority accountable

No single solution

The path forward

In closing

References

Index.

Notes:

Title from publisher's bibliographic system (viewed on 19 Jan 2024).

Includes bibliographical references and index.

ISBN:

1-78821-441-2

1-78821-442-0

OCLC:

1379477972