Environmental Economics and Natural Resources, with an approach oriented towards policy, introduces economic theory and empirical work from the field. It offers a global perspective on both environmental economics and natural resource economics, as well as their interaction. The present edition includes updated data, new studies, and more examples from the international scene, as well as summaries for each chapter, discussion questions, exercises, and further bibliography.

Key points include:

• Extensive coverage of important issues such as climate change, water and air pollution, resource allocation, biodiversity protection, sustainable development, and environmental justice.

• Four chapters dedicated specifically to climate economics, including energy, climate change mitigation, carbon pricing, and adaptation to climate change.

• Introduction to the theory and methods of environmental economics, with references to externalities, cost-benefit analysis, valuation methods for ecosystem goods and services, as well as new data on the social cost of carbon.