Economics and the Environment: A Survey of Issues and Policy Options - 2 views

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  #1 Danny Garcia on 03 Feb 10

   

  This document from the OECD provides a refresher on the basic principles of environmental economics. It begins by explaining the importance of the environment for any economic system by highlighting the benefits of sustainable growth and the negative consequences that production and consumption may have on the environment (negative externalities). Then, the authors provide a set of policy instruments used to reduce pollution and mitigate the negative effects on the environment of the economic apparatus. Later, an introduction to cost benefit analysis is provided as well as a brief discussion on the use of environmental indicators. Finally, this document provides a discussion on some of the global issues regarding the environment at that time (1991). Nevertheless, this is a good summary of a traditional environmental economics approach.

   

  <div class="cArrow"> </div><div class="cContentInner">This document from the OECD provides a refresher on the basic principles of environmental economics. It begins by explaining the importance of the environment for any economic system by highlighting the benefits of sustainable growth and the negative consequences that production and consumption may have on the environment (negative externalities). Then, the authors provide a set of policy instruments used to reduce pollution and mitigate the negative effects on the environment of the economic apparatus. Later, an introduction to cost benefit analysis is provided as well as a brief discussion on the use of environmental indicators. Finally, this document provides a discussion on some of the global issues regarding the environment at that time (1991). Nevertheless, this is a good summary of a traditional environmental economics approach.</div>

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