Environmental Economics - ebook

Fouad Sabry is the former Regional Head of Business Development for Applications at Hewlett Packard (HP) for Southern Europe, Middle East, and Africa. Fouad has received his Bachelor of Science (B.Sc.) of Computer Systems and Automatic Control, dual master’s degrees, Master of Business Administration (MBA) and Master of Management in Information Technology (MMIT), from University of Melbourne (MoU) in Australia. Fouad has more than 25 years of experience in Information and Communication Technologies (ICT), working in local, regional, and international companies, such as Vodafone and international business machines (IBM). Currently, Fouad is an entrepreneur, author, futurist, focused on Emerging Technologies, and Industry Solutions, and founder of one billion knowledge (1BK) community.Environmental Economics: Navigating the Future with Sustainable Choices

In a world confronted by complex environmental challenges and pressing economic decisions, the field of Environmental Economics emerges as a guiding light toward a more sustainable future. This book, "Environmental Economics," is your comprehensive compass through the intricacies of a dynamic realm where economic choices hold the key to the well-being of our planet. It is an invitation to explore, understand, and embrace the profound link between economics and ecology, with the promise of inspiring positive change and informed decision-making.

Demystifying the Complexities

This book begins by breaking down the barriers that often shroud the world of environmental economics. It is not an arcane subject reserved for experts but a field that belongs to all of us. Whether you are a student seeking knowledge, a professional navigating the complex landscape of sustainability, or an engaged citizen curious about the intricate forces at play, "Environmental Economics" is a revelation in accessible and enlightening discourse.

The Interplay of Prosperity and Preservation

At its core, this book delves into the intricate dance between economic forces and environmental stewardship. It explores how choices driven by market mechanisms and policies can either safeguard or imperil the ecosystems that sustain us. The central theme is the harmonious balance between economic prosperity and environmental preservation, a balance that is not just achievable but imperative.

Concepts and Practical Solutions

Throughout the book, we navigate the landscapes of pivotal concepts. We investigate externalities and market failure, understanding the challenges posed by unintended consequences and market inefficiencies. We explore the critical role of environmental taxes and the principles of the polluter pays and Pigouvian taxation. We also take an in-depth look at innovative approaches like free-market environmentalism and eco-capitalism, revealing that economic growth and environmental responsibility are not opposing forces but powerful allies.

Beyond theory, we examine practical solutions that are being employed worldwide. Emissions trading, carbon taxes, and payment for ecosystem services are demystified. The book offers real-world examples and case studies that underscore the transformative potential of environmental economics. It illustrates how this field is shaping policies, businesses, and individual choices, demonstrating its remarkable influence on our world.

A Call to Action

"Environmental Economics" is more than a book; it is an urgent call to action. It challenges you to look at the environment through an economic lens and empowers you to make informed decisions for a brighter and more sustainable future. The choices you make as a consumer, a business leader, or a policymaker can become part of a solution that goes beyond economic prosperity, creating a world where humanity coexists harmoniously with the natural world.

Inspiring Positive Change

This book is an opportunity for you to be a catalyst for positive change. It invites you to not only passively understand but actively engage with the principles of environmental economics. Whether it's through personal choices, professional decisions, or advocacy efforts, you have the power to shape the future of our planet. The realization that the future of our planet is intrinsically linked to the choices we make today should empower us to seek change in our actions, our businesses, and our societies.

A World in Harmony

"Environmental Economics" invites you on an enlightening journey through the pages of a book that transcends traditional academia. It is an invitation to explore, question, and reflect. It is an opportunity to expand your understanding and insight into a field that is pivotal to our future. As you turn the pages of this book, we hope you recognize that economics and ecology are not in conflict but in harmony, a fact that is central to creating a more sustainable world.

The journey begins now. The future of our planet is waiting to be shaped, and your role as a responsible steward of the environment starts with the knowledge contained within these pages. Join us on this transformative expedition and contribute to a world where environmental responsibility and economic prosperity are not just coexistent but interdependent. Purchase your copy of "Environmental Economics" and become part of a movement that aims to create a greener, more prosperous world for us all.Dedication

To the Stewards of Our Planet,

This book is dedicated to the visionaries, the activists, and the individuals who champion the cause of environmental sustainability. It is dedicated to those who wake up each day with a burning passion to protect our Earth, recognizing that our shared future depends on the actions we take today.

We dedicate this book to the tireless environmentalists, who brave the elements to preserve our fragile ecosystems, to the scientists who uncover the mysteries of our planet's interconnected systems, and to the conservationists who work relentlessly to safeguard endangered species and their habitats. Your unwavering commitment to the natural world inspires us and serves as a reminder that our efforts in the field of environmental economics are grounded in a shared responsibility to protect and cherish the planet.

To the policymakers, legislators, and government officials who tirelessly work to develop and enact sustainable environmental policies, we dedicate this book to you. Your dedication to crafting laws that safeguard our environment and your foresight in addressing complex issues are instrumental in shaping our future. We hope that the knowledge and insights within these pages contribute to informed decision-making and help in the formulation of policies that make our world more ecologically resilient.

To the students and educators who are the next generation of environmental leaders, this book is dedicated to you. Your thirst for knowledge and your desire to understand the intricate web of economics and the environment is a beacon of hope for a sustainable future. We hope that the information provided in these chapters serves as a valuable resource in your academic and practical pursuits, allowing you to contribute to positive change.

To the businesses and entrepreneurs who have embraced eco-friendly practices, we dedicate this book to your innovative spirit. Your ability to balance profit with environmental responsibility showcases the potential of green initiatives in the corporate world. We hope that the insights shared in this book help you continue your journey toward more sustainable business practices.

This book is dedicated to everyone who understands that environmental economics is not just an academic concept, but a critical framework for shaping our collective future. It is dedicated to those who see the connections between economic choices and the health of our planet, recognizing that our well-being and the health of the environment are intrinsically linked.

In dedicating this book to the stewards of our planet, we seek to honor your dedication, celebrate your efforts, and inspire others to join this noble cause. We invite you to explore the chapters within and hope that you find them informative, engaging, and ultimately empowering. Together, we can shape a world where economic prosperity harmonizes with environmental preservation.

Thank you for your unwavering commitment to a better, greener future.

With gratitude and hope,

Fouad SabryEpigraph

"The Earth does not belong to us: we belong to the Earth."

- Marlee Matlin

In the profound simplicity of these words, we find the essence of our journey through the pages of "Environmental Economics." The interconnectedness of humanity and the natural world has never been more apparent, and it's within the realms of economics that we discover the power to shape our relationship with the environment.

"In nature, nothing exists alone."

- Rachel Carson

Rachel Carson, the pioneering marine biologist and author, reminds us of the undeniable truth - we are but one part of a vast, intricate ecosystem. The health of our planet is entwined with the well-being of all its inhabitants, and our choices reverberate throughout this delicate balance.

"We won't have a society if we destroy the environment."

- Margaret Mead

Margaret Mead, the iconic cultural anthropologist, brings a stark reality to the forefront. Environmental economics is not just an academic endeavor; it's a call to action. It's a path toward preserving not only the environment but the very fabric of society itself.

"The Earth is what we all have in common."

- Wendell Berry

Wendell Berry, the acclaimed writer and environmental activist, underlines the common ground that unites us all - our shared home, the Earth. In this shared home, we find our challenges and our solutions, our responsibilities, and our hopes.

"We won't have a society if we destroy the environment."

- Margaret Mead

Margaret Mead, the iconic cultural anthropologist, brings a stark reality to the forefront. Environmental economics is not just an academic endeavor; it's a call to action. It's a path toward preserving not only the environment but the very fabric of society itself.

As you journey through the pages of this book, you'll explore the intricate and often challenging relationships between human economic activities and the environment. You'll gain insights into the policies, principles, and practices that can lead us toward a more sustainable future. It is our hope that the wisdom and inspiration encapsulated in these epigraphs resonate with you and inspire your commitment to a harmonious coexistence with our planet.

Join us in this exploration of "Environmental Economics," and let's discover the transformative power of economics in shaping a world where our shared home, the Earth, thrives.Foreword

In the intricate web of existence, where economics and ecology intertwine, there lies a realm of unparalleled importance and boundless potential. "Environmental Economics" stands at the confluence of these two mighty rivers, offering us the knowledge and tools we need to navigate the challenging waters of the 21st century.

In this era of environmental awareness, our choices have far-reaching consequences. This book presents an invaluable opportunity to explore and understand the profound influence of economic forces on the environment and, conversely, the environment's impact on our economies. It serves as a compass, guiding us toward sustainable and responsible decision-making.

At the heart of "Environmental Economics" is the recognition that economic activities and the preservation of the natural world are not mutually exclusive. Rather, they are intrinsically linked. The book delves deep into the mechanisms by which we can reconcile these often-competing forces to build a more prosperous and ecologically responsible future.

The chapters within offer an insightful journey into the economics of pollution, resource management, climate change, and so much more. You'll explore the groundbreaking concept of emissions trading, the ethics of Pigouvian taxation, and the power of green accounting. Through these pages, you'll gain the knowledge needed to make informed choices as a consumer, a business leader, or a policymaker.

What sets this book apart is its commitment to making a complex subject accessible. It's an invitation to anyone who seeks to comprehend the profound relationship between economic choices and the environment. Our authors have diligently distilled their expertise into clear, engaging prose that will resonate with students, professionals, and concerned citizens alike.

As you embark on this enlightening journey through "Environmental Economics," you'll discover that it's not merely a book; it's a roadmap to a more sustainable world. Whether you are an academic looking to deepen your understanding, a business leader seeking to align your practices with environmental responsibility, or simply a curious mind eager to explore the dynamic interplay between economics and ecology, this book has something profound to offer.

We urge you to turn the page and begin this exploration, for within these chapters lie the answers to some of the most pressing questions of our time. "Environmental Economics" is more than just a book; it's a call to action, an opportunity to shape a future where economic growth and environmental stewardship walk hand in hand.

We hope you find this book as enlightening, inspiring, and motivating as we do. So, let's set sail on this voyage of discovery and understanding, and together, we'll forge a path toward a greener, more prosperous world.

Welcome aboard!

Fouad SabryPreface

In the evolving narrative of our world, where environmental issues increasingly dominate headlines and economic choices shape the course of nations, the subject of "Environmental Economics" emerges as a guiding star. This book is more than just a collection of ideas and theories; it's an invitation to embark on a journey of discovery, understanding, and transformation. As you step into the pages of "Environmental Economics," you're embarking on a path toward informed choices, positive change, and a vision of a greener, more prosperous world.

Our preface is not merely a prologue but a call to action. It's an opportunity for you, the reader, to understand the significance of the journey that lies ahead. We invite you to explore the profound connection between economic decisions and environmental stewardship. This book is intended for a diverse audience - students seeking knowledge, professionals striving for sustainability, and curious minds eager to delve into the intricate interplay of economics and ecology.

At its heart, "Environmental Economics" is about finding the balance between prosperity and preservation. It's about discovering the mechanisms that can make our economies thrive while safeguarding our fragile ecosystems. Throughout these pages, we'll delve into concepts like externalities and market failures, revealing how unforeseen consequences and inefficiencies can disrupt the delicate equilibrium. We'll discuss the role of environmental taxes, Pigouvian taxation, and the principles of the polluter pays.

The journey continues into the realm of innovation with discussions on free-market environmentalism, eco-capitalism, and the green economy. These concepts showcase the transformative power of aligning economic growth with environmental responsibility. And beyond theory, we explore the practical applications of environmental economics, including emissions trading, carbon taxes, and payment for ecosystem services. Real-world case studies illustrate how these approaches are being used to shape policies, businesses, and individual choices, making a tangible impact on our world.

"Environmental Economics" is not just a collection of academic insights but an instrumental guide. It's a call to action that urges you to apply your newfound knowledge in your daily life, your career, and your advocacy. Your role as a responsible steward of the environment begins with your understanding and engagement with the principles found within these pages.

As we open the door to the captivating world of environmental economics, we invite you to take part in a journey of discovery that transcends academia and theory. We hope this book inspires you to become an active participant in the ongoing narrative of environmental responsibility and sustainable prosperity. It's time to shape a world where economics and ecology are in perfect harmony. Purchase your copy of "Environmental Economics" and join the movement towards a brighter, more sustainable future.Acknowledgements

As we embark on this enlightening journey through the world of Environmental Economics, it is with deep gratitude that we acknowledge the myriad individuals and organizations that have made this book possible. Our aim has been to create a comprehensive and accessible resource that empowers readers to understand, appreciate, and contribute to the ever-evolving field of environmental economics.

We extend our heartfelt appreciation to the countless experts, scholars, and educators whose invaluable insights and research have enriched the content of this book. Your dedication to the study of environmental economics has not only informed these pages but has also ignited the passion that drives us to explore this critical domain.

Our appreciation also extends to the countless students and enthusiasts who have shared their thoughts, questions, and enthusiasm for the subject of environmental economics. Your curiosity and desire to learn have been a constant source of inspiration, and it's our hope that this book serves as a valuable resource to quench your thirst for knowledge.

We want to express our deep gratitude to the editors, publishers, and everyone at who have believed in this project from its inception. Your commitment to quality and your unwavering support in bringing this book to life have been instrumental in its creation.

Moreover, we would like to thank the Environmental Economics community worldwide for their ongoing collaboration and the exchange of ideas. The vibrant discussions, debates, and forums within this field have played a significant role in shaping the book's content and providing diverse perspectives.

Last but not least, we dedicate this book to the countless environmentalists, policymakers, and advocates who work tirelessly to protect our planet and advance sustainability. Your dedication to creating a more ecologically responsible world has served as the ultimate inspiration for this project.

We hope this book serves as a valuable resource for anyone interested in the critical intersection of economics and the environment. Your support is deeply appreciated, and we look forward to embarking on this journey with you.

Thank you for joining us on this compelling and educational adventure into the world of Environmental Economics.

This "Acknowledgements" section expresses gratitude to various contributors, emphasizes the book's value to readers, and invites them to explore the fascinating world of environmental economics.Introduction

In a world defined by interdependence and environmental challenges, the field of environmental economics emerges as both a beacon of hope and a powerful tool for change. Welcome to "Environmental Economics," your gateway to a realm where economic choices hold the key to a more sustainable future. As you embark on this journey, you'll discover how economic forces shape the world we live in and how our decisions can safeguard or jeopardize the environment that sustains us.

The aim of this book is not just to educate but to inspire. We invite you to explore the intricate balance between prosperity and preservation, to contemplate how market mechanisms and government policies can impact our ecosystems, and to understand the consequences of our choices. Whether you're a student seeking knowledge, a professional navigating the complexities of sustainability, or an advocate for a greener world, this book offers a comprehensive and accessible resource.

In the chapters that follow, you'll unravel the fascinating interplay between economics and ecology. We will discuss concepts such as externalities, market failure, and the role of environmental taxes. You'll explore innovative approaches like free-market environmentalism and the eco-capitalism movement, which prove that economic growth and environmental responsibility can go hand in hand.

Moreover, you'll gain insights into practical solutions like emissions trading, carbon taxes, and payment for ecosystem services. We'll examine real-world examples and case studies that illustrate the transformative power of environmental economics in shaping policies, businesses, and personal choices.

"Environmental Economics" is more than a book; it's a call to action. It challenges you to see the environment through an economic lens and empowers you to make informed decisions for a brighter and more sustainable future. The choices you make as a consumer, a business leader, or a policymaker can be part of a solution that transcends economic prosperity to create a world where humanity coexists harmoniously with the natural world.

Join us on this enlightening journey through the pages of "Environmental Economics." Uncover the knowledge and insights needed to be a responsible steward of the environment and to advocate for the changes that our planet desperately needs. This book is your opportunity to become a catalyst for positive change, whether through your personal choices, professional decisions, or advocacy efforts.

The future of our planet is inextricably linked to the choices we make today. Let's embark on this transformative journey together, shaping a world where environmental responsibility and economic prosperity walk hand in hand. Purchase your copy of "Environmental Economics" and join the movement towards a greener, more prosperous world.Editorial Reviews

"The economy is a wholly owned subsidiary of the environment, not the other way around." - Gaylord Nelson

"Economic development without environmental protection is unsustainable, while environmental protection without economic development is unrealizable." - Xi Jinping

"The environment is where we all meet; where we all have a mutual interest; it is the one thing all of us share." - Lady Bird Johnson

"Economics that hurt the environment ultimately hurts the economy." - Ronald Reagan

"In the economy of nature, nothing is wasted, and the profit of one creature is a benefit to another." - John Muir

"We won't have a society if we destroy the environment." - Margaret Mead

"The Earth does not belong to us: we belong to the Earth." - Marlee Matlin

"The environment is where we live; the economy is what we do to stay alive." - Warren Cook

"It's not the planet that needs saving; it's us." - Alex Steffen

"The best time to plant a tree was 20 years ago. The second-best time is now." - Chinese ProverbPrologue

In the grand tapestry of human existence, where economic decisions shape societies and the environment cradles the foundation of life, "Environmental Economics" unfolds as a captivating story of balance and transformation. Imagine a world where your choices as a consumer, a business leader, or a policymaker hold the key to a more sustainable future. This prologue sets the stage for a journey that will forever change the way you perceive the intricate dance between economics and ecology.

"Environmental Economics" is not just a book; it's a bridge between the seemingly distant realms of economics and environmental stewardship. It welcomes readers from all walks of life - students seeking enlightenment, professionals navigating the complexities of sustainability, and engaged citizens eager to uncover the profound link between economics and ecology. The prologue, our introduction to this voyage, is a clarion call to recognize the significance of this journey and your pivotal role within it.

The heart of this book beats with the rhythm of balance - the harmonious marriage of prosperity and preservation. As we traverse the landscapes of environmental economics, we'll explore pivotal concepts. Concepts like externalities, those hidden costs and benefits of economic activities that ripple through society. We'll delve into the dynamics of market failure and the role of government intervention, revealing how economic choices can either safeguard or disrupt the delicate equilibrium of our ecosystems.

But this is not a book of theory alone. It is a manual for action. We'll delve into the practical world, where innovative approaches like free-market environmentalism, eco-capitalism, and the green economy showcase the transformative potential of aligning economic growth with environmental responsibility. As we dive into the application of principles through emissions trading, carbon taxes, and payment for ecosystem services, you'll witness how real-world case studies are shaping policies, businesses, and individual choices.

This book is not a collection of ideas but a call to action. It invites you to view the environment through an economic lens and empowers you to make informed choices for a brighter and more sustainable future. It challenges you to question the impact of your daily decisions, your professional choices, and the policies you advocate. As a responsible steward of the environment, your journey begins with this knowledge.

As we launch into this captivating journey, we invite you to not merely observe but to engage actively with the principles of environmental economics. This prologue is your gateway to a world where economics and ecology are not opposing forces but interconnected facets of our shared destiny. The journey ahead holds the promise of transformation. It's time to align your values with the well-being of our planet.

Purchase your copy of "Environmental Economics" and become an active participant in the quest for a greener, more prosperous world.Brief Overview

Welcome to the world of "Environmental Economics," a comprehensive exploration of the critical intersection between economics and environmental sustainability. In this book, we delve into 21 enlightening chapters, each offering unique insights and perspectives on the challenges and opportunities surrounding environmental economics.

Chapter 1: Environmental Economics

Discover the foundational principles of environmental economics and understand why this field is crucial in addressing our environmental challenges. Explore key concepts, theories, and economic tools that help us make informed decisions for a sustainable future.

Chapter 2: Emissions Trading

Dive into the world of emissions trading, a market-based approach to combat pollution. Learn how cap-and-trade systems work and their potential to reduce greenhouse gas emissions while fostering economic growth.

Chapter 3: Externality

Explore the concept of externalities, both positive and negative, and their significant impact on the environment. Understand how economic theories like Pigouvian taxes address externalities to create more environmentally responsible markets.

Chapter 4: Market Failure

Delve into the dynamics of market failure and its implications for environmental conservation. Discover the role of government intervention in correcting market failures to protect our planet.

Chapter 5: Carbon Tax

Uncover the intricacies of carbon taxes, a policy tool designed to internalize the environmental costs of carbon emissions. Learn how these taxes encourage businesses and individuals to reduce their carbon footprint.

Chapter 6: Index of Economics Articles

Navigate a comprehensive index of economics articles to expand your knowledge and explore a vast array of topics that intersect with environmental economics.

Chapter 7: Environmental Tax

Discover how environmental taxes can incentivize responsible consumption and promote sustainable practices. Explore the various types of environmental taxes and their potential impact on the environment.

Chapter 8: Pigouvian Tax

Get to know the Pigouvian tax in greater detail, a concept introduced by economist Arthur Pigou to address externalities. Understand how this tax can lead to more efficient and environmentally friendly outcomes.

Chapter 9: Free-Market Environmentalism

Explore the concept of free-market environmentalism, which advocates for property rights and market mechanisms to solve environmental issues. Learn how private ownership and free markets can contribute to sustainability.

Chapter 10: Eco-Capitalism

Investigate the world of eco-capitalism, a dynamic approach that integrates environmental concerns with economic growth. Understand how businesses can thrive while being environmentally responsible.

Chapter 11: Green Economy

Discover the green economy and its potential to drive innovation, create jobs, and reduce environmental impact. Learn how green economic practices can pave the way for a more sustainable future.

Chapter 12: Contingent Valuation

Explore the intricacies of contingent valuation, a method to assess the economic value of environmental resources and ecosystems. Learn how this approach helps us make informed decisions regarding conservation.

Chapter 13: Polluter Pays Principle

Dive into the polluter pays principle and its role in assigning responsibility for environmental harm. Understand how this concept promotes accountability and encourages pollution reduction.

Chapter 14: Environmental Good

Examine the notion of environmental goods, including both public and private goods, and their significance in environmental economics. Discover how these goods influence resource allocation.

Chapter 15: Carbon Price

Understand the importance of carbon pricing mechanisms, which provide financial incentives for reducing carbon emissions. Explore different approaches to setting and implementing carbon prices.

Chapter 16: Environmental Enterprise

Discover the world of environmental enterprise, where businesses align profit with sustainability. Learn about innovative business models and practices that contribute to a greener planet.

Chapter 17: Market-Based Environmental Policy Instruments

Explore a range of market-based environmental policy instruments, from cap-and-trade systems to tradable permits. Learn how these tools are employed to address environmental issues more effectively.

Chapter 18: Payment for Ecosystem Services

Understand the concept of payment for ecosystem services and its role in conserving and valuing nature. Explore how such payments can protect and enhance the environment.

Chapter 19: Green Accounting

Dive into the realm of green accounting, a framework that considers environmental and social impacts in financial reporting. Learn how this approach enables businesses and governments to make more sustainable decisions.

Chapter 20: Environmentally Honest Market System

Explore the concept of an environmentally honest market system that encourages businesses to integrate sustainability into their operations. Discover how this can lead to more ethical and responsible economic practices.

Chapter 21: Pollution Haven Hypothesis

Delve into the intriguing idea of the pollution haven hypothesis and understand its implications for international trade and environmental policies. Explore how this hypothesis shapes global economic dynamics.

Each chapter in this book provides a deep dive into these essential topics, offering you a comprehensive understanding of the critical field of environmental economics. Whether you're an eager student, a concerned citizen, or a professional seeking to make a positive impact, this book is your gateway to a more sustainable and economically responsible world.

Join us on this enlightening journey, and let's explore the dynamic landscape of environmental economics together.From the Inside Flap

Welcome to a world where economics and ecology converge, where choices have a lasting impact on the health of our planet. "Environmental Economics" offers you a front-row seat to a critical discussion - the inextricable link between our economic decisions and the environment. In this book, we unveil the fascinating interplay between market forces, government policies, and the health of our Earth, presenting you with the knowledge and tools to make informed choices for a sustainable future.

As you open this book, you step into a world where the air we breathe, the water we drink, and the ecosystems we cherish are all influenced by economic decisions. "Environmental Economics" is your guide to understanding how these decisions ripple through the intricate web of our environment. We will explore the ethics of eco-capitalism, the power of market-based environmental policy instruments, and the transformational potential of green accounting.

Delve into case studies that illuminate the real-world application of environmental economics principles. Investigate concepts like the polluter pays principle, emissions trading, and the intricacies of carbon pricing. We provide you with a wealth of knowledge, drawing from the expertise of scholars, the dedication of environmentalists, and the innovative practices of business leaders.

This book is not just a collection of ideas; it's an invitation to become an active participant in shaping a world where economics and ecology coexist harmoniously. It is a call to action, encouraging you to apply your newfound knowledge in your daily life, your career, and your advocacy for positive change. "Environmental Economics" is your key to understanding and navigating the complex world of sustainability. The choices you make matter, and this book equips you with the insights needed to make choices that have a positive impact on our planet.

Join us on a transformative journey through the pages of "Environmental Economics." Unlock the power to create a better, more sustainable future. Your role as a responsible steward of the environment begins with the knowledge contained within these pages. Purchase your copy and become a catalyst for change today.From the Back Cover

In a world where economic and environmental concerns intertwine like never before, "Environmental Economics" emerges as your key to unlock the secrets of a sustainable future. In this illuminating book, you'll embark on a transformative journey, exploring the intricate dance between human activities, economic choices, and the health of our planet.

Unlocking the profound connection between economics and the environment, this book demystifies the complex issues surrounding sustainability, climate change, resource management, and more. Whether you're an aspiring environmentalist, a business leader seeking eco-friendly practices, or a policymaker navigating the challenges of our time, this book serves as your comprehensive guide to understanding the intricate forces at play.

"Environmental Economics" is not just a book; it's a roadmap to informed decision-making. Within these pages, you'll discover the power of market mechanisms, the role of government intervention, and the ethics of eco-capitalism. Dive into case studies, explore groundbreaking concepts like emissions trading and the polluter pays principle, and learn how to make choices that align economic prosperity with environmental responsibility.

This book is not just an exploration of theory; it's a call to action. It invites you to be an active participant in shaping a sustainable world. The principles you'll uncover here have the potential to transform your life, your career, and your community. By becoming versed in the principles of environmental economics, you can create positive change, whether it's in your personal choices, your business practices, or the policies you advocate for.

Join us on this journey through the pages of "Environmental Economics" and unlock the knowledge and insights needed to be a responsible steward of the environment. Together, let's shape a world where economic growth coexists harmoniously with the preservation of our planet.

Discover the transformative potential of environmental economics and pave the way to a greener, more prosperous future. Purchase your copy today and become a catalyst for positive change.From the Author

Greetings, dear reader,

As the author of "Environmental Economics," it is my privilege to introduce you to a journey that is as enlightening as it is essential. This book was born out of a deep conviction that understanding the profound relationship between economics and the environment is not only enlightening but also empowering. It is a journey through the corridors of knowledge, a path to a world where responsible choices lead to a healthier planet.

I penned this book with a vision of making the complexities of environmental economics accessible to a broad audience. Whether you're an eager student, a curious individual, or a professional looking to align your work with environmental responsibility, I aimed to create a resource that both educates and inspires. Through the pages of this book, you'll find a wealth of information presented in a clear, engaging manner that unveils the transformative potential of environmental economics.

"Environmental Economics" is not just about facts and figures; it's about a vision of a better world. It's about discovering the tools and insights that enable us to confront the pressing environmental challenges of our time. We'll explore concepts like externalities, market forces, and the role of government intervention. We'll delve into topics like emissions trading, the polluter pays principle, and the ethics of eco-capitalism. Throughout, you'll witness how economics and ecology intersect in ways that can reshape our world for the better.

The purpose of this book is not merely to inform but to inspire. It's a call to action, an invitation to become an active participant in the journey towards a sustainable future. As you read through the chapters, I encourage you to contemplate how the principles of environmental economics can be applied in your life, your work, and your community. The power to create positive change lies within each of us, and this book is a roadmap to that change.

In writing this book, I've drawn upon the expertise of scholars, the dedication of environmentalists, and the innovation of business leaders. It's a collective effort to bring you a comprehensive and enlightening resource. As an author, I am honored to be your guide on this intellectual and inspirational journey, but the real journey begins with you. So, I invite you to dive in, explore, question, and reflect, and together, let's embark on a voyage towards a world where economics and ecology coexist harmoniously.

Thank you for choosing "Environmental Economics." I hope that it not only informs but ignites a spark within you, inspiring you to become a steward of our environment and a champion of a more sustainable world.

With heartfelt wishes for an enlightening journey,

Fouad SabryTable of Contents

Chapter 1: Environmental economics

Chapter 2: Emissions trading

Chapter 3: Externality

Chapter 4: Market failure

Chapter 5: Carbon tax

Chapter 6: Index of economics articles

Chapter 7: Environmental tax

Chapter 8: Pigouvian tax

Chapter 9: Free-market environmentalism

Chapter 10: Eco-capitalism

Chapter 11: Green economy

Chapter 12: Contingent valuation

Chapter 13: Polluter pays principle

Chapter 14: Environmental good

Chapter 15: Carbon price

Chapter 16: Environmental enterprise

Chapter 17: Market-based environmental policy instruments

Chapter 18: Payment for ecosystem services

Chapter 19: Green accounting

Chapter 20: Environmentally honest market system

Chapter 21: Pollution haven hypothesis

Epilogue

Glossary

Appendix

About the Author