Environmental Economics

Book excerpt: The subject of environment economics has become an important focus of debate around the world with experts as well as ordinary citizens concluding that the environment and the economy can no longer be viewed as separate entities. As a result, contemporary environmental issues are increasingly seem from the point of view of their economics effects and their consequences for human well-being now and in the future. Environmental Economics provides a comprehensive introduction to the dynamic relationship between economics and environmental policy. The authors offer a broad overview of important issues, including the changing role of economics during a time of increasing environmental concern, the impact of markets and governmental policy, environmental protection through economic mechanisms, and a practical look at how environmental economics are played out in commercial and scientific arenas.