The Wealth of Forests
Markets, Regulation, and Sustainable Forestry
Industrial forestry in North America is at a crossroads. A broadconsensus has emerged that both the practice and theory of forestrymust change in order to achieve sustainability.
This book is a pioneering attempt to consider the concrete policyimplications of the much discussed transition to sustainable forestry.It integrates two distinct academic literatures: one that seeks todefine and identify ways to implement sustainable forestry, and anotherthat focuses on the relative merits of regulatory and marketinstruments for promoting environmental values.
The ideas are dazzling, imaginative, and innovative. The authors don't pretend to have all the answers to the dilemma of how to restructure BC's most important industry. They do make a major contribution to the discussion.
The book contains 15 thoughtful essays on a wide range of forest policy topics, all taken from the viewpoint of foresters in British Columbia. A large part of each essay, however, has broad applicability. People more current with British Columbia than this reviewer may find the book somewhat outdated, but it remains a sophisticated and well-constructed overview for the rest of us.
Introduction / Chris Tollefson
1. Economic Instruments for Promoting Sustainable Forestry:Opportunities and Constraints / Peter H. Pearse
2. Governing Instruments for Forest Policy in British Columbia: APositive and Normative Analysis / W.T. Stanbury and Ilan B.Vertinsky
3. Compliance and Constraint: Economic Instruments for AchievingObjectives of Public Forest Policy in British Columbia / DavidHaley and Martin K. Luckert
4. Living Communities in a Living Forest: Towards an Ecosystem-BasedStructure of Local Tenure and Management / Michael M’Gonigleand Brian L. Scarfe
5. Sustainable Practices? An Analysis of BC’s Forest PracticesCode / Tracey L. Cook
6. Priority-Use Zoning: Sustainable Solution or Symbolic Politics? /Jeremy Rayner
7. Sustained Yield: Why has it Failed to Achieve Sustainability? /Lois Dellert
8. The Pitfalls and Potential of Eco-Certification as a MarketIncentive for Sustainable Forest Management / Fred Gale and CheriBurda
9. Regulation, Takings, Compensation, and the Environment: AnEconomic Perspective / David Cohen and Brian Radnoff
10. Ecoforestry Bound: How International Trade Agreements Constrainthe Adoption of An Ecosystem-Based Approach to Forest Management /Fred Gale
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