This book brings together some of the most important recent developments in the various aspects of environmental economics as well as providing an introduction to its theory and practice. Environmental valuation techniques, including exciting new approaches such as production function techniques, are outlined and applied to developed and developing countries, and to countries in transition from centrally planned to market based systems. The effectiveness of regulatory and market based policy instruments, including environmental taxation and tradeable permits, is analysed and applied to environmental problems such as the reduction of greenhouse gas emissions from transport and the conservation of biological diversity.
Edited by Melinda Acutt, Economic Policy Manager, Yorkshire Water, UK and Pamela Mason, Department for Environment, Food and Rural Affairs, London, UK
Contents: 1. An Introduction to Environmental Economics: Theory and Application (M. Acutt and P. Mason) Part I: Economic Valuation of the Environment 2. Economic Valuation in Transition Economies 3. Real and Hypothetical Willingness to Pay for Environmental Preservation 4. An Alternative Approach to Valuing Non-market Goods 5. Valuing the Environment as an Input Part II: Economic Policy Towards the Environment 6. Environmental Taxation 7. Economic Incentives for the Control of Pollution 8. Environmental Policy, Firm Location and Green Consumption 9. Environmental Regulation Part III: Environmental Sustainability 10. The Economics of Environmental Sustainability 11. Ecological Resilience and Economic Sustainability 12. Stripping Resources and Investing Abroad