This textbook discusses environmental and natural resource economics. It presents foundational knowledge for applying economics to understand environmental economics as well as for managing environmental problems and optimizing the level of natural resource extraction.Environmental and Natural Resource Economics bridges knowledge between the major natural environmental issues and which economic policies could be applied for reducing human impacts on such issues. It is distinctive from other environmental economics textbooks by covering not only basic concepts introduced in environmental economics but also explains economic models developed in resource economics for optimizing the use of non-renewable and renewable resources for sustainability.
This textbook will help students understand how to apply economics for utilizing policies to mitigate environmental issues caused from the output side of economic activities such as emitting pollutants or generating wastes and those derived from the input side such as natural resource extractions.
Author(s): Kentaka Aruga
Publisher: Springer
Year: 2022
Language: English
Pages: 200
City: Cham
Preface
Contents
About the Author
Abbreviations
1 What Is Environmental Economics?
1.1 What Is Environmental Economics?
1.2 Typical Environmental Problems
1.2.1 An Environmental Problem Caused by the Output Side
1.2.2 An Environmental Problem Caused by the Input Side
References
2 Economic Instrument and Environmental Problems
2.1 Economics and Environmental Problems
2.1.1 Externality
2.1.2 Market Power
2.1.3 Public Goods
2.1.4 Information Asymmetry
2.2 Economic Policy and Environmental Problems
2.2.1 Internalizing Externality Through Direct Regulation
2.2.2 Internalizing Externality Through Economic Instruments
2.2.3 Internalizing Externality Through Voluntary Approaches
2.2.4 Policy Mix
References
3 Economics and the Value of Nature
3.1 The Value of Nature
3.2 Revealed Preference Method
3.2.1 Replacement Cost Method
3.2.2 Travel Cost Method
3.2.3 Hedonic Pricing Method
3.3 Stated Preference Method
3.3.1 Contingent Valuation Method
3.3.2 Conjoint Analysis
3.4 Cost–Benefit Analysis
References
4 Economics and Cross-Regional Environmental Problems
4.1 Economics and Global Warming
4.1.1 Global Warming as Global Commons
4.1.2 Global Policy Toward Global Warming
4.2 Economics and Air Pollution
4.3 Economics and Biodiversity
4.3.1 Global Policy Toward Conserving Biodiversity
4.3.2 What Are Ecosystem Services?
4.3.3 Economic Policy Toward Protecting Biodiversity
References
5 Economics and Non-renewable/Renewable Resources
5.1 Economics and Non-renewable Resources
5.2 Economics and Renewable Resources
5.2.1 Economics and Forest Resources
5.2.2 Economics and Fisheries Resources
References
6 Energy and Waste Problems
6.1 Economics and Energy Resources
6.2 Waste Problems and Economics
References
7 Future Issues of Environmental Economics
References
Appendix Solutions to Exercises
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Index
