Environmental Economics ― Concepts, Methods and Policies

Environmental Economics explores the ways in which economic theory and its applications, as practised and taught today, can be modified to explicitly accommodate the goal of sustainability and the vital role played by environmental capital.

Pivoting around the first and second laws of thermodynamics, as well as the principles of ecological resilience, this book is divided into six key parts, which includes extensive coverage of environmental macro- and microeconomics. Thampapillai and Ruth drill down into issues and challenges including consumer demand; market organisation; renewable and non-renewable resources; environmental valuation; and international trade and globalisation. Drawing on case-studies from forestry, water, soil, air quality and mining, this book will equip readers with skills that enable the analyses of environmental and economic policy issues with a specific focus on the sustainability of the economy.

Updated and revised throughout and rich in pedagogical features including key concepts boxes and revision questions at the end of each chapter, this new edition will be a vital resource for upper-level undergraduate and postgraduate students studying environmental economics, ecological economics and environmental policy.

Dodo J. Thampapillai is Visiting Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore.

Matthias Ruth is is the director of the School of Public Policy and Urban Affairs and a full professor in the School and in the Department of Civil and Environmental Engineering, at Northeastern University, USA.