Environmental governance

Environmental governance (EG) consist of a system of laws, norms, rules, policies and practices that dictate how the board members of an environment related regulatory body should manage and oversee the affairs of any environment related regulatory body which is responsible for ensuring sustainability (sustainable development) and manage all human activities—political, social and economic. Environmental governance includes government, business and civil society, and emphasizes whole system management. To capture this diverse range of elements, environmental governance often employs alternative systems of governance, for example watershed-based management. It views natural resources and the environment as global public goods, belonging to the category of goods that are not diminished when they are shared. This means that everyone benefits from, for example, a breathable atmosphere, stable climate and stable biodiversity. Public goods are non-rivalrous—a natural resource enjoyed by one person can still be enjoyed by others—and non-excludable—it is impossible to prevent someone consuming the good (such as breathing). Public goods are recognized as beneficial and therefore have value. The notion of a global public good thus emerges, with a slight distinction: it covers necessities that must not be destroyed by one person or state. The non-rivalrous character of such goods calls for a management approach that restricts public and private actors from damaging them. One approach is to attribute an economic value to the resource. Water is an example of this type of good. Environmental governance refers to the processes of decision-making involved in the control and management of the environment and natural resources. International Union for Conservation of Nature (IUCN), define environmental governance as the 'multi-level interactions (i.e., local, national, international/global) among, but not limited to, three main actors, i.e.

AI-driven Prices for Externalities and Sustainability in Production Markets

Exploiting environmental signals to enable policy correlation in large-scale decentralized systems

AI-driven Prices for Externalities and Sustainability in Production Markets

Exploiting environmental signals to enable policy correlation in large-scale decentralized systems