ABSTRACT

Principles of Environmental Economics and Sustainability was the first textbook to make a serious attempt to systematically integrate ecological and economic principles. It successfully introduced ecological perspectives to the study of environmental economics while maintaining the integrity of the standard economic approach.

In this new edition this notion continues to be embraced while also offering readers several further features, including greater in-depth coverage of the economics of climate change, expanded reference sections, and an updated and expanded "review and discussion questions" section. The unique integration of both mainstream and ecological approaches which this textbook provides proves particularly illuminating in relation to the following topics:

  • economics of climate change
  • environmental valuation
  • cost–benefit analysis and the environment
  • sustainability in theory and practice
  • limits to growth
  • the role of technology
  • the business case for environmental sustainability.

Written in a clear and accessible way, this key textbook is an excellent resource for all students of environmental economics. With study tools including learning objectives, case studies, and charts and graphs, this volume uses real-world examples to engage both students and academics within the field.

This text also accompanied by a Companion Website including resources for both students and instructors. Here you will find student study questions, interactive quizzes, and an instructor manual composed of lecture PowerPoint templates.

chapter |5 pages

Introduction

What is environmental economics all about?

part I|66 pages

Environmental economics

chapter 1|14 pages

The natural environment and the human economy

The neoclassical economic perspective

chapter 2|25 pages

The natural environment and the human economy

An ecological perspective

chapter 3|25 pages

Trade-offs

Economic activity versus environmental quality

part II|127 pages

The environment

chapter 4|15 pages

The economic theory of pollution control

The optimal level of pollution

chapter 5|20 pages

The economics of environmental regulations

Emission standards and effluent charges

chapter 6|28 pages

The economics of environmental regulation

Transferable emission credits and the macroeconomic effects of environmental regulation

chapter 8|28 pages

Frameworks for the economic appraisal of environmental projects

Cost–benefit analysis and others

part III|44 pages

Climate change

chapter 9|42 pages

The economics of climate change

part IV|143 pages

The perennial debates on the biophysical limits to economic growth and the emerging paradigm of sustainable development

chapter 10|27 pages

Biophysical limits to economic growth

Malthusian perspectives

chapter 11|33 pages

Biophysical limits to economic growth

The neoclassical economic perspective

chapter 12|20 pages

The economics of sustainability