Environmental Economics and Policy is a best-selling text for environmental economics courses. Offering a policy-oriented approach, it introduces economic theory, empirical fieldwork, and case studies that show how underlying economic principles provided the foundation for environmental policies.

Key features include:

  1. Introductions to the theory and method of environmental economics, including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services.
  2. Extensive coverage of the major issues including climate change mitigation and adaptation, air and water pollution, and environmental justice.
  3. Boxed "Examples" and "Debates" throughout the text, which highlight global examples and major talking points.

This text will be of use to undergraduate students of economics. Students will leave the course with a global perspective of how environmental economics has played and can continue to play a role in promoting fair and efficient environmental management.

The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book. Additional online resources include references, as well as PowerPoint slides for each chapter.

section Section I|114 pages

Economic analysis

chapter Chapter 2|21 pages

The economic approach

Property rights, externalities, and environmental problems

chapter Chapter 4|27 pages

Evaluating trade-offs

Benefit-cost analysis and other decision-making metrics

chapter Chapter 5|34 pages

Valuing the environment

Methods and examples

section Section II|218 pages

Environmental policy

chapter Chapter 6|28 pages

Ecosystem goods and services

Nature’s threatened bounty

chapter Chapter 7|33 pages

Fisheries policy

chapter Chapter 8|14 pages

Climate change I

The nature of the challenge

chapter Chapter 9|21 pages

Climate change II

The role of energy policy

chapter Chapter 10|13 pages

Climate change III

Carbon pricing

chapter Chapter 11|26 pages

Climate change IV


chapter Chapter 12|15 pages


Managing congestion and local pollution

chapter Chapter 13|31 pages


Managing water quality for rivers, lakes, and oceans

chapter Chapter 14|19 pages

Toxics policy and environmental justice

chapter Chapter 15|10 pages

Meeting the challenges

The role of economics