Foundations of environmental economics: An introduction to the economic analysis of national and international environmental challenges

Contributor(s):

Material type: Text

TextPublication details: Springer Cham 2024Edition: 2ndDescription: xv, 256 pISBN:

9783031634802

Subject(s):

Environmental economics

DDC classification:

333.72 BUC

Summary: This textbook provides a solid introduction to the theoretical and empirical aspects of environmental economics and their links to environmental policy. In this second edition, all chapters have been updated and restructured, and new sections have been added to reflect a greater focus on climate policy. Starting from the need to balance the social costs of pollution against the financial costs of emission abatement, the book discusses the major issues that arise in the context of environmental policy – such as the potential and limitations of monetary valuation of the environment (and in particular the contingent valuation method) and the design of environmental policy. With regard to the choice of environmental policy instruments, the book focuses on the price-based instruments preferred by economists, i.e., environmental taxes and emissions trading, discussing in detail not only their many advantages but also their drawbacks. The second edition especially focuses on green industrial policy as a complementary measure to price-based instruments, the distributional effects of environmental policies, and the resulting challenges for political feasibility. Moreover, the book deals extensively with international environmental problems, in particular climate protection, which is a global public good that will be underprovided when certain countries refuse to cooperate and contribute. Approaches to overcoming this underprovision are described in far more detail than in the first edition, both theoretically and empirically – in particular by assessing the functions of the many international environmental agreements in this field. Finally, a new chapter considers adaptation strategies, especially in the water sector, as an additional pillar of climate policy. (https://link.springer.com/book/10.1007/978-3-031-63481-9)

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Book	Indian Institute of Management LRC General Stacks	Public Policy & General Management	333.72 BUC (Browse shelf(Opens below))	1	Available		008471

Table of contents:
Front Matter
Pages i-xv
Download chapter PDF
Economics and Environmental Degradation
Wolfgang Buchholz, Christiane Reif, Dirk Rübbelke
Pages 1-22
Environmental Externalities and their Internalization Through Voluntary Approaches
Wolfgang Buchholz, Christiane Reif, Dirk Rübbelke
Pages 23-47
Monetary Valuation of the Environment
Wolfgang Buchholz, Christiane Reif, Dirk Rübbelke
Pages 49-87
Assessing Environmental Policy Instruments
Wolfgang Buchholz, Christiane Reif, Dirk Rübbelke
Pages 89-187
International Environmental Problems
Wolfgang Buchholz, Christiane Reif, Dirk Rübbelke
Pages 189-228
Climate Change and Water Supply: Strategic Aspects of Adaptation Conflicts
Wolfgang Buchholz, Christiane Reif, Dirk Rübbelke
Pages 229-246
Back Matter
Pages 247-256
[https://link.springer.com/book/10.1007/978-3-031-63481-9]

This textbook provides a solid introduction to the theoretical and empirical aspects of environmental economics and their links to environmental policy. In this second edition, all chapters have been updated and restructured, and new sections have been added to reflect a greater focus on climate policy.

Starting from the need to balance the social costs of pollution against the financial costs of emission abatement, the book discusses the major issues that arise in the context of environmental policy – such as the potential and limitations of monetary valuation of the environment (and in particular the contingent valuation method) and the design of environmental policy. With regard to the choice of environmental policy instruments, the book focuses on the price-based instruments preferred by economists, i.e., environmental taxes and emissions trading, discussing in detail not only their many advantages but also their drawbacks.

The second edition especially focuses on green industrial policy as a complementary measure to price-based instruments, the distributional effects of environmental policies, and the resulting challenges for political feasibility. Moreover, the book deals extensively with international environmental problems, in particular climate protection, which is a global public good that will be underprovided when certain countries refuse to cooperate and contribute. Approaches to overcoming this underprovision are described in far more detail than in the first edition, both theoretically and empirically – in particular by assessing the functions of the many international environmental agreements in this field. Finally, a new chapter considers adaptation strategies, especially in the water sector, as an additional pillar of climate policy.

(https://link.springer.com/book/10.1007/978-3-031-63481-9)

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