Environmental Economics is a sub-field of economics concerned with environmental issues. It undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming. From modest beginnings in the 1960s, environmental economics has grown to be a major sub-discipline of economics. It combines traditional work in the field of welfare economics and the theory of economic growth with more recent perspectives on the political economy of choosing policy instruments and the philosophy of sustainable development. This book is an introduction to environmental economics, which is written on the assumption that it is possible to present the issues of environmental economics in a fairly commonsensical and rigorous way. It deals with the analysis of international trade, transboundary pollution and international negotiations on protecting the global environment. The contents of the book will be highly beneficial to students, environmental scientists and all those interested in the protection of our environment.
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