Environmental Economics

 

Environmental Economics focuses on the incentives people have when deciding to use our natural environment’s scarce resources.  To learn more about Environmental Economics in general, please read the overview.  The following sections show how economics can be used to address specific environmental concerns:

• Water Pollution including  point source and non-point source
• Air Pollution
• Decreased Biodiversity
• Climate Control   

Some of the general ways economics is applied to environmental problems are listed below:

• Valuation
• Cost-Benefit Analysis including the steps necessary to complete the analysis as well as advantages and disadvantages of using this type of analysis
• Pollution Control Policies including command-and-control, voluntary options, green taxes, cap-and-trade, and subsidies