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Harris and Roach present a compact and accessible presentation of the core environmental and resource topics and more, with analytical rigor as well as engaging examples and policy discussions. They take a broad approach to theoretical analysis, using both standard economic and ecological analyses, and developing these both from theoretical and practical points of view. It assumes a background in basic economics, but offers brief review sections on important micro and macroeconomic concepts, as well as appendices with more advanced and technical material. Extensive instructor and student support materials, including PowerPoint slides, data updates, and student exercises are provided.
Economics and the Global Environment is a path-breaking, comprehensive analysis of how economic and environmental systems mesh in the international context. The book investigates if and how environmental resources, such as global climate, genetic diversity, and transboundary pollution can be managed in an international system of sovereign states without a Global Environment Protection Agency. It also considers traditional international economics - theory and policy - and explores how they can be expanded to accommodate environmental values. Until recently, trade theory and trade policy neglected pollution and environmental degradation. This situation has changed dramatically, and the controversial and corrosive issues of trade and the environment are here given careful analysis. These topics are enriched by a concise presentation of the principles of environmental economics, and a thoughtful treatment of sustainable development. The book will appeal to students and practitioners of trade and development, as well as the environmental community.
Explains the economic concepts, such as markets, environmental valuation, risk, and trade, using environmental examples from all over the world. This textbook uses these concepts in understanding and developing policy responses to the environmental issues, such as climate change, water pollution, and the loss of biodiversity.
Theoretical and empirical accounts of the role of business in shaping international environmental policies.
The work also illustrates that new developments in social choice theory offer a better foundation than traditional welfare economics.
This book aids those concerned about environmental issues to firmly grasp relevant analytical methods and to comprehend the thought process behind environmental economics. It does so by drawing from specific environmental issues and at the same time providing commentary that facilitates understanding. This text contains in-depth explanations necessary for a thorough understanding of the fundamental aspects and importance of environmental economics. Environmental Economics seeks to elucidate the mechanisms that give rise to environmental problems by approaching environmental issues from an economic perspective. At the same time, it is a study aiming to indicate specific countermeasures that could resolve present environmental issues. This text has been put together in way that allows readers without specialized economics knowledge to easily understand the situation, issues and challenges of environmental economics.
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.
Environmental economics can be controversial, but it is also central to some key policy issues facing governments and society today, including industrial pollution, global warming, and waste/recycling. Stephen Smith looks at how economic activity affects the environment in which we live, and how environmental policies can most effectively be used.
7. 2 Cumulative Pollutants and the Rate of Economic Growth 217 7. 3 Economic Growth in an Unregulated Economy 223 7. 4 Economic Growth in a Degrading Economy 231 7. 5 Economic Growth in the Spaceship Economy 237 7. 6 Dynamic Equilibrium in the Spaceship Economy 248 7. 7 An Evaluation of the Model and some Conclusions 254 7. 8 Some Long-Term Implications of the Model 256 References 258 Chapter 8: Optimal Economic Growth when CO Constraints are Critical 2 8. 1 Introduction 259 8. 2 Formulation of the Problem 260 8. 3 Derivation of the Necessary Conditions 264 8. 4 Analysis of the Necessary Conditions 265 8. 5 Conclusion 277 References 279 Chapter 9: Uncertainty. Value of Information and Greenhouse Gas Emissions 9. 1 Introduction 280 9. 2 An Illustrative Example - Evaluating a Climate Research and Monitoring Programme 282 293 9. 3 The Value of Information in a Stochastic Dynamic Programme 301 9. 4 Optimal Policies in a Stochastic Dynamic Programme 307 9. 5 Resource Costs and Critical Probabilities 9. 6 Conclusions 314 317 References 319 Epilogue 325 Index viii Preface The movement of carbon from sources to final disposition is known as the carbon cycle. The largest reservoir of carbon is in carbonate sediments such as limestone and chalk. Other significant but less stable reservoirs include fossil fuels, living and dead plants and animals, carbonates and bicarbonates dissolved in the ocean.
Environmental Economics and Policy is a best-selling text for environmental economics courses. Offering a policy-oriented approach, it introduces economic theory, empirical fieldwork, and case studies that show how underlying economic principles provided the foundation for environmental policies. Key features include: Introductions to the theory and method of environmental economics, including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services. Extensive coverage of the major issues including climate change mitigation and adaptation, air and water pollution, and environmental justice. Boxed "Examples" and "Debates" throughout the text, which highlight global examples and major talking points. This text will be of use to undergraduate students of economics. Students will leave the course with a global perspective of how environmental economics has played and can continue to play a role in promoting fair and efficient environmental management. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book. Additional online resources include references, as well as PowerPoint slides for each chapter.