Environmental Economics

ISBN-10: 0199583587

ISBN-13: 9780199583584

Edition: 2011

Authors: Stephen Smith

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Description:

If environmental protection is costly, how much should we spend on pollution control? Is it worth reducing pollution to zero, or should we accept some level of pollution because of the economic benefits associated with it? How can we assess the benefits that people get from a less-polluted atmosphere?In broad terms, environmental economics looks at how economic activity and policy affect the environment in which we live. Some production generates pollution, such as power station emissions causing acid rain and contributing to global warming, but household consumption decisions also affect the environment, where more consumption can mean more waste sent to polluting incinerators. However, pollution is not an inevitable consequence of economic activity - environmental policies can requirepolluting firms to clean up their emissions, and can encourage people to change their behaviour, through environmental taxes on polluting goods, for example. Generally, though, these measures will involve some costs, such as installing pollution control equipment. So there's a trade-off: a cleanerenvironment, but economic costs. In recent years, many economists have argued for greater use of incentive in the form of pollution charges and emissions trading rather than more traditional direct regulation of polluters. In this Very Short Introduction, Stephen Smith discusses environmental issues including pollution control, reducing environmental damage, and global climate change policies, answering questions about how we should balance environmental and economic considerations, and what form government policies should take. Including many illustrative case studies and examples he shows that this is an exciting field of economics, and one that is at the heart of many public debates andcontroversies.
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Book details

List price: $7.99
Copyright year: 2011
Publisher: Oxford University Press
Publication date: 9/22/2011
Binding: Paperback
Pages: 168
Size: 4.50" wide x 6.75" long x 0.25" tall
Weight: 0.462
Language: English

<p class="biography" <b Stephen Smith</b 's stories about five dollar bills and boy travel writers have appeared in Geist and McSweeney's. He has also written for the <i Globe and Mail</i , <i Canadian Geographic</i , <i Outside</i , and the <i New York Times Magazine</i . He lives in Toronto, where he tends a blog, puckstruck.com, that keeps an eye on hockey culture. <i Puckstruck</i is his first book. </p

Acknowledgements
Abbreviations
List of illustrations
Introduction
The economy and the environment
The economic theory of efficient pollution control
Environmental policy: instrument choice
Economic information and values in environmental policy decisions
The economics of climate change
References and further reading
Index
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