Managing Natural Resources in British Columbia: Markets, Regulations, and Sustainable Development

How must natural resource sectors change to achieve sustainabledevelopment in British Columbia? What reforms can be made to’institutions’ in order to assist these changes? What newpolicy instruments can be introduced? What institutions and instrumentsare no longer useful? These questions are the topic of hot debate inBritish Columbia and elsewhere. Managing Natural Resources inBritish Columbia grapples with these questions and suggests somepreliminary answers. Interdisciplinary in its approach, the book brings together leadingscholars from the fields of law, economics, forestry, and agriculturaleconomics. This book goes one step further than many earlier studies ofsustainable development, which have compared, in principle, the meritsof market-based versus regulation-based instruments, and examines thesepolicy instruments, their institutional contexts, and the way in whichthey are implemented in the various resource sectors in BritishColumbia. Looking in turn at forestry, fisheries, air quality, and theregulation of energy, the authors consider what policy instruments aremost appropriate for fostering sustainable development and whichinstitutions will best implement these policies and sustain them in theyears to come. Managing Natural Resources in British Columbia offers aninnovative and far-reaching contribution to the debate oversustainability at a time when many individuals are questioning thefuture of the environment in British Columbia.