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• Cover
• Half Title Page
• Title Page
• Copyright
• Contents
• Preface to the Fifth Edition
• Acknowledgments
• 1 Changing Perspectives on the Environment
• 1.1 Overview of Environmental Issues
• 1.2 Economic Approaches to the Environment
• 1.3 Principles of Ecological Economics
• 1.4 A Look Ahead
• Summary
• Key Terms and Concepts
• Discussion Questions
• 2 Resources, Environment, and Economic Development
• 2.1 Overview of Economic Growth
• 2.2 Economic Growth in Recent Decades
• 2.3 Environmental Trends in Recent Decades
• 2.4 Optimists and Pessimists
• 2.5 Sustainable Development
• Summary
• Key Terms and Concepts
• Discussion Questions
• 3 The Theory of Environmental Externalities
• 3.1 The Theory of Externalities
• 3.2 Welfare Analysis of Externalities
• 3.3 Property Rights and the Environment
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercises
• The Theory of Demand
• The Theory of Supply
• Market Analysis
• Elasticity of Demand and Supply
• Welfare Analysis
• Formal Presentation of Externality Welfare Analysis
• Negative Externalities—a Mathematical Approach
• Welfare Analysis of Positive Externalities
• Key Terms and Concepts from Appendices
• 4 Common Property Resources and Public Goods
• 4.1 Common Property, Open Access, and Property Rights
• 4.2 The Environment as a Public Good
• 4.3 The Global Commons
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercises
• 5 Resource Allocation Over Time
• 5.1 Allocation of Nonrenewable Resources
• 5.2 Hotelling’s Rule and Time Discounting
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercises
• 6 Valuing the Environment
• 6.1 Total Economic Value
• 6.2 Overview of Valuation Techniques
• 6.3 Revealed Preference Methods
• 6.4 Stated Preference Methods
• Summary
• Key Terms and Concepts
• Discussion Questions
• 7 Cost–Benefit Analysis
• 7.1 Overview of Cost–Benefit Analysis
• 7.2 Balancing the Present and Future: The Discount Rate
• 7.3 Valuing Human Life
• 7.4 Other Issues in Cost–Benefit Analysis
• 7.5 Cost–Benefit Analysis Example
• 7.6 Conclusion: The Role of Cost–Benefit Analysis in Environmental Policy Decisions
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercise
• 8 Pollution: Analysis and Policy
• 8.1 The Economics of Pollution Control
• 8.2 Policies for Pollution Control
• 8.3 The Scale of Pollution Impacts
• 8.4 Assessing Pollution Control Policies
• 8.5 Pollution Control Policies in Practice
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercise
• 9 Ecological Economics: Basic Concepts
• 9.1 An Ecological Perspective
• 9.2 Natural Capital
• 9.3 Issues of Macroeconomic Scale
• 9.4 Long-Term Sustainability
• 9.5 Energy and Entropy
• 9.6 Ecological Economics and Policy
• Summary
• Key Terms and Concepts
• Discussion Questions
• 10 National Income and Environmental Accounting
• 10.1 Greening the National Income Accounts
• 10.2 Green GDP
• 10.3 Adjusted Net Saving
• 10.4 The Genuine Progress Indicator
• 10.5 The Better Life Index
• 10.6 Environmental Asset Accounts
• 10.7 Evaluating Alternative Indicators
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercise
• Adjusting for Depreciation, Population Growth, and Inflation
• Comparing GDP for Different Countries
• Key Terms and Concepts for Appendix 10.1
• 11 Energy: The Great Transition
• 11.1 Four Global Energy Challenges
• 11.2 Nonrenewable Energy Sources
• 11.3 Renewable Energy Sources
• 11.4 Energy Economics: Current Analyses and Alternative Futures
• 11.5 Policies for the Great Energy Transition
• Summary
• Key Terms and Concepts
• Discussion Questions
• 12 Global Climate Change: Science and Economics
• 12.1 Causes and Consequences of Climate Change
• 12.2 Responses to Global Climate Change
• 12.3 Economic Analysis of Climate Change
• Summary
• Key Terms and Concepts
• Discussion Questions
• 13 Global Climate Change: Policy Responses
• 13.1 Responding to a Climate Emergency
• 13.2 Climate Change Mitigation: Economic Policy Options
• 13.3 Getting to Net-Zero Emissions
• 13.4 Climate Change Policy in Practice
• 13.5 Other Climate Issues: Adaptation and Equity
• 13.6 Conclusion: Dimensions of Climate Policy
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercises
• 14 Greening the Economy
• 14.1 The Green Economy: Introduction
• 14.2 The Relationship between the Economy and the Environment
• 14.3 Industrial Ecology
• 14.4 Does Protecting the Environment Harm the Economy?
• 14.5 Creating a Green Economy
• Summary
• Key Terms and Concepts
• Discussion Questions
• 15 Population and the Environment
• 15.1 The Dynamics of Population Growth
• 15.2 Predicting Future Population Growth
• 15.3 The Theory of Demographic Transition
• 15.4 Population Growth and Economic Growth
• 15.5 Ecological Perspectives on Population Growth
• 15.6 Population Policies for the Twenty-First Century
• Summary
• Key Terms and Concepts
• Discussion Questions
• 16 Agriculture, Food, and Environment
• 16.1 Feeding the World: Population and Food Supply
• 16.2 Trends in Global Food Production
• 16.3 Projections for the Future
• 16.4 Agriculture’s Impact on the Environment
• 16.5 Sustainable Agriculture for the Future
• Summary
• Key Terms and Concepts
• Discussion Questions
• 17 Nonrenewable Resources: Scarcity and Abundance
• 17.1 The Supply of Nonrenewable Resources
• 17.2 Economic Theory of Nonrenewable Resource Use
• 17.3 Global Scarcity or Increasing Abundance?
• 17.4 Environmental Impacts of Mining
• 17.5 The Potential for Minerals Recycling
• Summary
• Key Terms and Concepts
• Discussion Questions
• 18 Renewable Resource Use: Fisheries
• 18.1 Principles of Renewable Resource Management
• 18.2 Ecological and Economic Analysis of Fisheries
• 18.3 The Economics of Fisheries in Practice
• 18.4 Policies for Sustainable Fisheries Management
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercise
• 19 Forests and Land Management
• 19.1 The Economics of Forest Management
• 19.2 Deforestation: Trends and Drivers
• 19.3 Policies for Sustainable Forest Management
• 19.4 The Economic Value of Land Preservation
• 19.5 Land Preservation Policies
• Summary
• Key Terms and Concepts
• Discussion Questions
• Exercise
• 20 Water: Economics and Policy
• 20.1 Global Supply and Demand for Water
• 20.2 Addressing Water Shortages
• 20.3 Water Pricing
• 20.4 Water Rights, Water Markets, and Privatization
• 20.5 Water as a Common Property Resource
• Summary
• Key Terms and Concepts
• Discussion Questions
• 21 World Trade and the Environment
• 21.1 Environmental Impacts of Trade
• 21.2 Trade and Environment: Policy and Practice
• 21.3 Trade Agreements and the Environment
• 21.4 Strategies for Sustainable Trade
• Summary
• Key Terms and Concepts
• Discussion Questions
• 22 Policies for Sustainable Development
• 22.1 The Concept of Sustainable Development
• 22.2 Sustainable Development: Implications for Developed and Developing Countries
• 22.3 Reforming Global Institutions
• 22.4 Rethinking Economic Growth
• Key Terms and Concepts
• Discussion Questions
• Glossary
• Index