Economics and the Environment

Enables students to understand and shape environmental policy through economics Economics and the Environment equips students with a structured and insightful approach to examining critical questions at the heart of contemporary policy and sustainability debates through the lens of economics. Empowering students to evaluate real-world issues while building a strong foundation in environmental economics, this popular textbook explores critical questions such as "How much pollution is too much?" and "Is the government up to the job?" The fully updated tenth edition of Economics and the Environment combines theoretical rigor with practical application, employing case studies, illustrative examples, and end-of-chapter exercises that enhance understanding and retention. Each concise chapter is designed to foster critical thinking, covering topics including pollution control, government policy, clean technology, and sustainable development. Throughout the text, students are encouraged to consider economic incentives, ethical implications, and the role of global cooperation in the context of pressing environmental issues. A vital tool for analyzing and addressing environmental issues in today's world, Economics and the Environment, Tenth Edition is perfect for undergraduate and graduate courses on environmental economics, policy analysis, and sustainable development within economics, business, and environmental studies programs. New to this Edition: New discussions on climate change, resource economics, and energy policy New coverage of the implications of rapidly declining costs for solar power, battery storage, and electric vehicles Up-to-date Social Cost of Carbon (SCC) estimates with the latest high-impact figures currently used in policy analysis Insights on the 2022 Inflation Reduction Act (IRA) and its technology-promotion strategies New analysis of the potential for a disruptive energy technology transition in the 2020s Revised content on "peak oil" centered on a demand-side peak rather than a supply-side peak Expanded coverage of the shifting regulatory environment at the Environmental Protection Agency Fully revised chapters on valuation of the environment and cost-benefit analysis New and updated data, examples, figures, and review questions throughout the text Wiley Advantage: Presents the latest debates, standards, and regulations to provide an engaging and relevant experience for students and instructors alike Frames complex environmental issues through a unique four-question approach that strengthens critical thinking Emphasizes sustainability and ecological economics with a focus on strong sustainability principles Offers diverse perspectives on government roles and limitations in environmental regulation Highlights ethical foundations of environmental decision-making to support deeper discussions on policy impacts Explores ecological economic critiques of economic growth to prepare students for advanced environmental discussions Presents a rigorous approach to efficient pollution control, benefit-estimation procedures, and incentive-based regulation techniques