Environment
Environmental Security in the Asia-Pacific Ring of Fire: Exploring the Water-Energy-Food Nexus
This month, UHERO’s Project Environment will be commencing a joint project with Japan’s Research Institute for Humanity and Nature (RIHN). Climate change and economic development are causing increased pressure on water, energy and food resources, presenting communities with increased levels of tradeoffs and potential conflicts among these resources. The water-energy-food nexus is one of the most important […]
Read MoreSustainable Development and the Hawaii Clean Energy Initiative: An Economic Assessment
The connection between the emerging field of sustainability science and the economics of sustainable development has motivated a line of interdisciplinary research inspired by the notion of “positive sustainability.” This notion is founded on three principles or pillars: (1) adopting a complex systems approach to modeling and analysis, integrating natural resource systems, the environment, and […]
Read MoreA dynamic approach to PES pricing and finance of interlinked ecosystem services: Watershed conservation and groundwater management
A theory of payment for ecosystem services (PES) pricing consistent with dynamic efficiency and sustainable income requires optimized shadow prices. Since ecosystem services are generally interdependent, this requires joint optimization across multiple resource stocks. We develop such a theory in the context of watershed conservation and groundwater extraction.
Read MoreTax Credit Incentives for Residential Solar Photovoltaic in Hawai‘i
Solar photovoltaic (PV) tax credits are at the center of a public debate in Hawai‘i. The controversy stems largely from unforeseen budgetary impacts, driven in part by the difference between the legislative intent and implementation of the PV tax credits. HRS 235-12.5 allows individual and corporate taxpayers to claim a 35% tax credit against Hawaii […]
Read MoreA dynamic approach to PES pricing and finance for interlinked ecosystem services: Watershed conservation and groundwater management
A theory of payment for ecosystem services (PES) pricing consistent with dynamic efficiency and sustainable income requires optimized shadow prices. Since ecosystem services are generally interdependent, this requires joint optimization across multiple resource stocks. We develop such a theory in the context of watershed conservation and groundwater extraction. The optimal program can be implemented with a decentralized system of ecosystem […]
Read MoreFinancing Watershed Conservation without Shrinking the Economy
In his recent State-of-the-State address, Governor Abercrombie urged lawmakers to consider either an increase in the conveyance tax on high-priced real estate transactions or a 10-cent fee for single-use plastic checkout bags to finance his watershed protection initiative, “The Rain Follows the Forest,” The proposed taxes, however, have a downside. While they are expected to […]
Read MoreHawaii’s Proposed 400MW Wind Energy Project Explained
HOW WILL THE PROPOSED 400 MW WIND ENERGY PROJECT CONTRIBUTE TO THE STATE’S RENEWABLE ENERGY GOALS? Hawaii has one of the most stringent Renewable Portfolio Standard (RPS)* policies in the country as well as the highest electricity rates due to dependence on oil for electricity generation (Coffman et al., 2012). As such, renewable energy technologies […]
Read MoreUHERO Forum to Discuss Critical Issues on Economy, Environment and Society
Check out this video of UHERO Executive Director and Professor of Economics Carl Bonham discussing what is to be expected at the inaugural UHERO Forum, which will take place on Oct. 29, 2012. It will focusing on critical issues facing the state of Hawai’i and will welcome local researchers and business leaders, as well as experts from […]
Read MoreFinancing Watershed Conservation
In November 2011, Governor Abercrombie and State officials launched a watershed protection plan entitled, “The Rain Follows the Forest”. The initiative’s goal is to double the current level of watershed protection – approximately 10% of priority watershed areas throughout Hawai‘i are currently protected – over the next ten years at an estimated cost of $11 million […]
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