Environmental Economics

What is Environmental Economics ?

“Our nation is confronted by two major energy challenges –our dependence on foreign oil and global climate change – both of which stem from our current dependence on fossil fuels for energy”. Barack Obama and Joe Biden believe they have a moral, environmental, economic, and security imperative to address dependence on foreign oil and tackle climate change in a serious, sustainable manner. Their environment policies include Investing in a clean energy economy, converting manufacturing centers into clean technology leaders, increasing fuel economy standards and a commitment to efficiency to reduce energy use and lower costs.

Environmental Economics is a relatively new field of Economics that looks at environmental issues in relation to economic development and sustainability. Environmental Economics looks a lot at environmental policies in countries, and how they impact the local and global economies, either positively or negatively. It is generally viewed as a form of progressive Economics, trying to account for various forms of market failures to better model markets in the future and lead to more widespread gains among people.

Want to read full content?

Please register yourself and buy our Website Membership to view full content for lifetime.

If you are registered member you can simply login here