Teaching Environmental and Natural Resource Economics is a significant contribution to the literature of economics education. Theory and practice, teaching activities and exercises, and pro teaching tips are clearly and expertly presented. The editors begin by presenting a bit of the historical thought on the study of environmental and natural resource economics. Once the editors establish context, they provide a full exploration of both paradigms and pedagogy. The paradigm section provides models for teaching the variety of courses offered at the university level. The chapters bridge the gap between environmental and natural resource economics textbooks and the classroom, with guidance for how to approach course topics. The pedagogy section is an excellent contribution to the teaching of environmental and natural resource economics, covering both particular topics and teaching methods. University instructors will find this guide to teaching environmental and natural resource economics invaluable in helping students gain a better understanding of the theory and practice of environmental and natural resource economics.

Economic issues arise in almost every water policy context. Water is of most concern when scarce, but physical scarcity is often overcome as human beings move water from place to place, sometimes creating monumental structures. The roles that cost and economic value play in water resource allocation are implicit, but often poorly understood. This second edition clarifies the role of economics and offers material that can be applied to water resource allocation problems around the world. Topics covered include: groundwater, floods and droughts, in situ uses of water, and institutions and law. New to the book is an exploration of water issues outside the United States as well as a new application of behavioral and experimental economics to the topic. A concise introduction to issues of water quality and quantity in both urban and agricultural settings, Water Resource Economics and Policy will be a valuable resource or text for students and researchers in the fields of agricultural economics, geography, law, and hydrology. Those involved in water resource agencies and private utilities will also find the book a useful reference. Acclaim for the first edition: 'This textbook is written for first-year graduate students and senior level undergraduates in economics. ... Graduate students in geography, water resources, and environmental management should also be interested. The well-done helpful diagrams and charts are those expected for a textbook in economics at this level. In every chapter many interesting real-world examples illustrate the concept being discussed. Some chapters have easy-to-read case studies set off from the text. ... I plan on keeping this excellent book as a shelf reference and would willingly adopt it for a class in water resource economics.' - Donald E. Agthe, Journal of the American Water Resources Association 'This is a much-needed book, which introduces the interested reader to the economics of water resource allocation, and analyzes relevant policy issues derived from all over the world. To the best of my knowledge, this is the first book which is focused on communicating the basic economic concepts that govern water resources allocation. ... The lively writing style of W. Douglass Shaw, which is enriched with excellent examples and case studies from various countries, makes this book an obvious choice for a textbook in relevant courses ... this excellent book should be a compulsory reading for all of us who work in the field of water resources management.' - Phoebe Koundouri, Ecological Economics

This comprehensive guide provides readers with strategies for teaching Environmental Impact Assessment (EIA) in all its forms, whether through formal university programmes or in the form of short courses offered to professionals and practitioners. Featuring contributions from 39 university teachers and short course trainers, the centerpiece of the book is the suite of 37 recipes for teaching different aspects of EIA. This internationally relevant resource collectively embodies and applies the best practice principles for teaching EIA, developed through a two-year research project with input from a diverse group of international experts. It provides practical and innovative learning activities with complete instructions for successful delivery, and thus represents a truly comprehensive and up-to-date contribution to the field. This latest contribution to our Elgar Guides to Teaching series serves as both a basis for reflection upon curricula and teaching practices, and as a source of inspiration for learning activities that can be adopted and adapted for different contexts by EIA teachers and trainers. It will be a valuable resource to help both new and seasoned EIA educators expand their toolbox in order to teach EIA more effectively.

This timely Handbook recognizes the emergence of climate change as the defining topic of our time. With public climate discourse growing more urgent every year, this Handbook brings together international experts from different economic disciplines to answer critical climate policy questions. Chapters present key ideas and policies to support and accelerate advances in three key areas: the political economy of climate change and climate policy, integrated assessment modelling, and economic and resource sustainability. Contributors discuss the distributional implications of climate change and how policymakers may respond in order to contribute to economic transformation in the midst of a global crisis. With reference to both theoretical and applied economics, this Handbook is critical reading for economists working in the field of climate policy and climate change. It will also appeal to a broader group of environmental scientists and scholars. Contributors include: L.M. Abadie, G.B. Asheim, J.K. Boyce, W.A. Brock, M. Budolfson, G. Chichilnisky, N. Chichilnisky-Heal, F. Dennig, J. Doyne Farmer, D.K. Foley, I. Galarraga, R. Hahnel, J. Hartwick, G. Heal, C. Hepburn, C. Hope, D. Iris, A. Markandya, P. Mealy, T. Mitra, T. Narasimhan, F. Nesje, I. Parry, A. Rezai, E. Sainz de Murieta, N. Schofield, B. Shang, A. Tavoni, L. Taylor, R. van der Ploeg, N. Vernon, P. Wingender, C. Withagen, A. Xepapadeas

Utilizing a governmentality lens, this timely book offers an explanation for China's decarbonization performance in the early 21st century. Le-Yin Zhang investigates one of the most ambitious governing projects in history, analyzing the political rationalities of Chinese leaders for decarbonization and the governing techniques and technologies at multiple levels of governance. Demonstrating the potential of combining the use of juridical, administrative and governmental powers, Zhang holistically considers the success of the state in instigating low-carbon transitions in China and mitigating climate disaster. The book provides an in-depth exploration of the art of greening the Chinese financial system and how this links to a wider formulation of carbon governmentality, highlighting the rise of the carbon governmental state through a range of governmental technologies. Engaging with a wide range of primary data from both national and local levels, the author uncovers profound lessons in low-carbon transitions for other states in the making of a carbon neutral world. This cutting-edge book offers key insights for scholars and researchers of environmental governance and its importance in mitigating climate change, particularly those with a key focus on Chinese climate policy. It will also benefit government officials, researchers and consultants investigating potential avenues for low-carbon transition and climate action.

A revised and updated edition of the landmark work the New York Times hailed as "a call to action for every developer, building owner, shareholder, chief executive, manager, teacher, worker and parent to start demanding healthy buildings with cleaner indoor air." For too long we've designed buildings that haven't focused on the people inside-their health, their ability to work effectively, and what that means for the bottom line. An authoritative introduction to a movement whose vital importance is now all too clear, Healthy Buildings breaks down the science and makes a compelling business case for creating healthier offices, schools, and homes. As the COVID-19 crisis brought into sharp focus, indoor spaces can make you sick-or keep you healthy. Fortunately, we now have the know-how and technology to keep people safe indoors. But there is more to securing your office, school, or home than wiping down surfaces. Levels of carbon dioxide, particulates, humidity, pollution, and a toxic soup of volatile organic compounds from everyday products can influence our health in ways people aren't always aware of. This landmark book, revised and updated with the latest research since the COVID-19 pandemic, lays out a compelling case for more environmentally friendly and less toxic offices, schools, and homes. It features a concise explanation of disease transmission indoors, and provides tips for making buildings the first line of defense. Joe Allen and John Macomber dispel the myth that we can't have both energy-efficient buildings and good indoor air quality. We can-and must-have both. At the center of the great convergence of green, smart, and safe buildings, healthy buildings are vital to the push for more sustainable urbanization that will shape our future.

At a time when climate change and the Covid-19 pandemic pose a global existential threat, this timely and important book explores how policy responses to a pandemic create both opportunities and challenges for the increased use of environmental pricing instruments, such as carbon taxes, and tradable permit schemes, and targeted green fiscal incentives. The chapters provide an important foundation of knowledge and analysis about how a pandemic affects environmental tax policy. They identify lessons from policy makers' responses to the management of the pandemic and implications for addressing the threat of climate change and other environmental challenges. They highlight the need for environmental pricing instruments in the mix of policy instruments even in the wake of a pandemic. They present theory and empirical analysis, and they feature a number of country-specific case studies, including the experience of developing countries. This book takes readers into the important and unprecedented circumstances of our time where pandemic policy meets environmental policy for the short and long terms. It will be of great interest to researchers, students and scholars in environmental policy, tax and law, as well as the industry sector, policy makers and government officials.

Presenting critical insights on how economic activity is constrained by the environment's ability to provide material and energy resources, this timely Research Agenda explores how humanity shapes, and is shaped by, environmental change and sustainability challenges. Chapters highlight how, under these constraints, people may seek to improve their lives and standards of living without undermining the abilities of others to do so now or in the future. With contributions from top economic scholars, as well as from a range of other disciplines including ethics, law, and the physical and life sciences, this book explores how interdisciplinary insights can be integrated to provide meaningful investment and policy advice. Offering diverse understandings of the topic from both the Global North and South, this Research Agenda challenges previous economic conceptualizations of human-environment interactions, exploring resource use and environmental impact from micro- and macro-economic perspectives. Students of environmental and ecological economics will find this to be a thought-provoking and stimulating read. The suggestions for future research and use of clear case studies will also prove valuable for environmental law and ethics scholars, as well as environmental policy-makers. Contributors include: D.C. Andersen, Y. Bramoulle, L.P. Breckenridge, M. Faber, M. Frick, A. Kander, R. Kemp, D. Malghan, R.B. Norgaard, C. Orset, S.V. Ramani, M. Ruth, J. Sager, M. Sagoff, M.R. Sers, D.I. Stern, D.J. Thampapillai, E. van Leeuwen, M.d.M.R. Varas, P.A. Victor

This timely Handbook draws together insightful analyses of natural resource management challenges and solutions in the face of sustainable development targets and a changing global climate. Expert contributors illustrate the ways in which resource- and region-specific challenges shape national and global strategies, exploring the institutional aspects of resource management and their implications for policy making. They consider the economic, legal, environmental, social, financial and technological dimensions of resource management, consolidating interdisciplinary knowledge and setting the agenda for future research. Advancing scientific knowledge in the field, the Handbook offers a roadmap for well-informed policy making, highlighting the uncertainties and risks associated with climate change, energy and sustainability transition, and the need for a forward-looking approach to resource management. Assembling state-of-the-art contributions to provide a clearer understanding of the transformative policy developments ahead, this Handbook is crucial reading for academics and researchers of resource management, public policy, sustainability, energy transition, climate change and environmental studies. It also offers critical empirical insights for policy makers and practitioners developing innovative strategies to meet sustainability targets.

This thoroughly revised second edition provides an up-to-date account of essential EU climate mitigation law, analysing an area that remains one of the most dynamic fields of EU law. Special attention is paid to the energy sector and to the impact of climate law on broader legal issues, such as energy network regulation and human rights. Written by leading scholars of EU climate law from the University of Groningen, the book addresses the relevant directives and regulations, examining their implementation and impact on current policy and academic debate. Chapters guide the reader through key topics including the EU emissions trading system, renewable energy consumption, and carbon capture and storage. Key features of the second edition include: A clear and accessible introduction to EU climate mitigation law Comprehensive coverage of the climate targets and instruments of the EU Special focus on the relationship between climate law and energy law New classroom questions to stimulate further discussion and debate Educational design based on reviews by climate law students and lecturers. Combining educational design and analytical accuracy, this book will be an indispensable guide for both students and professionals. It is highly recommended for courses on EU climate mitigation law, as well as climate law, energy law, environmental law and EU law.

Recognizing the urgent need to transform energy systems to low-carbon alternatives, this timely book offers evidenced and credible ways to accelerate actions towards meeting the Paris Agreement goals and achieving net zero emissions. Steven Fries analyses through the lens of government, business and household actions-their policies and investments-the systemic changes needed to eliminate net carbon dioxide emissions from energy. Fries explores how advancing low-carbon alternatives could maintain current economic activities while halting climate impacts. But his analysis of accumulating evidence on transforming energy shows how multiple market imperfections hold back alternatives. To overcome these barriers, the book develops heterodox energy reform strategies and ways to coordinate actions across countries, recognizing differences in their specializations and renewable resources. Going beyond orthodox economics, it sets out the role for supporting deployment of low-carbon alternatives in initial markets, calibrating emissions pricing to net zero emission goals, and adapting institutions and infrastructures to low-carbon alternatives. It also signposts policy sequencing and differentiation across sectors and countries. Providing comprehensive energy policy assessments and sound reform strategies, this book will be essential reading for government policymakers and business investors. Its rigorous approach to systemic change also makes it a valuable reference for energy economics and environmental economics scholars.

This comprehensive Handbook shows how Strategic Environmental Assessment (SEA), an important decision support tool for strategies, policies, plans and programmes, is applied globally. It reflects on SEA practices and the advancements made over the past three decades in the development of SEA. Forty-six expert international contributors discuss the conceptual approaches and applications of SEA in 31 countries, examining numerous sectors, including land-use, transport, energy and water. They also explore how SEA is applied at trans-national, national, regional and local levels, and at a range of decision tiers, including in strategy and policy, as well as in plans and programmes. Analysing how different situations of application are systematically approached, chapters provide a critical insight into the objectives of SEA and the range of methodologies that are available. Taking a forward-thinking approach, the Handbook also identifies key trends and prospects for SEA in addition to addressing issues of SEA effectiveness and theory development. This Handbook will be a valuable resource for academics and students of environmental governance and regulation. It will also be beneficial for impact assessment practitioners, environmental NGOs and policy makers in the fields of environment and sustainability.

Part of the Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and the environment as central banks wake up to new realities. The book examines not only the impact of changes in interest rates on the environment, but also the impact that the environment and climate change have on monetary policy. New green policies are proposed for central banks to implement as they move forward and navigate the pitfalls of climate change. Scholars and students interested in central banking, monetary policy and the environment will appreciate this take on Central Banking, Monetary Policy and the Environment.

This book addresses present-day landscapes, ecosystem functioning and biodiversity as legacies of the past. It implements an interdisciplinary approach to understand how natural or human-impacted ecological systems have changed over time. Historical Ecology combines theory, methods, regional case studies and syntheses to provide a complete up-to-date overview of historical ecology. Beginning with the crucial role of time and inference from observed patterns, the book critically reviews the main methodological approaches, including monitoring of permanent plots, analysis of old maps, repeat photography, remote sensing, soil analysis, charcoal analysis, botanical indicators, and combinations of these methods applied to forest ecosystems. A series of case studies from various biomes shows how historical ecology can help in understanding today's socio-ecosystems, such as mainland and island forests, orchards, tundra and coastal dunes. The book concludes by showing how historical ecology can answer timely fundamental research questions and provide science-based evidence for landscape and ecosystem management.

This comprehensive guide provides readers with strategies for teaching Environmental Impact Assessment (EIA) in all its forms, whether through formal university programmes or in the form of short courses offered to professionals and practitioners. Featuring contributions from 39 university teachers and short course trainers, the centerpiece of the book is the suite of 37 recipes for teaching different aspects of EIA. This internationally relevant resource collectively embodies and applies the best practice principles for teaching EIA, developed through a two-year research project with input from a diverse group of international experts. It provides practical and innovative learning activities with complete instructions for successful delivery, and thus represents a truly comprehensive and up-to-date contribution to the field. This latest contribution to our Elgar Guides to Teaching series serves as both a basis for reflection upon curricula and teaching practices, and as a source of inspiration for learning activities that can be adopted and adapted for different contexts by EIA teachers and trainers. It will be a valuable resource to help both new and seasoned EIA educators expand their toolbox in order to teach EIA more effectively.

In good times, growth and profits are welcome, but in bad times we need resilience, and resilience cannot be spirited up overnight. The economic fallout from the 2008-9 financial crisis and the COVID-19 pandemic has been considerable. Each required unprecedented measures to prevent the economy from crashing. We can learn from crisis to move beyond the superficial success of growth-based economics to adopt a more robust way to frame economics. The adoption of resilient economics should allow an economic system to evolve that is stable by default. The next crisis could be any number of issues, some very closely aligned with the economy and others related to health and environment, or something else entirely. A truly resilient economy should be able to weather any crisis and bounce back when it abates. We need to recalibrate economics to regain its place as a solid and respected discipline at the heart of policymaking. Resilient economics can do this. It provides a framework that moves away from focusing on expansion and growth, to focusing on security, stability, and sustainability. All societies are different; every economy should be different.

An award-winning journalist and Pulitzer Prize finalist offers an insightful, no-holds-barred exploration of today s most controversial yet promising new energy technology: fracking.
Fracking, or hydraulic fracturing, is the process of injecting fluid into the ground at extremely high pressure in order to fracture shale rocks and release the oil and natural gas inside. It has been the subject of three major films, countless news articles, and has become a hotly contested topic both for its environmental impact and its positive effect on the economy and job creation.
In "Frackistan," Russell Gold examines both sides of the arguments and illuminates the truth of this frequently misunderstood technology. It is a thrilling journey filled with memorable and colorful characters: a green-minded Texas oilman who created the first modern frack; an Oklahoman natural gas empire builder who gave the world an enormous new supply of energy but was brought down by his own success; and a cast of many. Gold melds his natural gift for engaging, in-depth storytelling and reportage with his insight into the energy industry to bring to life the fascinating history of how this major new source is changing the way we use energy.
"Frackistan" is not simply the story of fracking: It is the compelling and thought-provoking story of the modern global economy and how the United States and the world have been forever changed.

This unique seminal work is the only book which comprehensively addresses current environmental management in South Africa from an interdisciplinary perspective.

The third edition of Fuggle & Rabie’s Environmental Management in South Africa sheds light on the legal frameworks in regional and international environmental law, administrative law and the National Environmental Management Act (NEMA).

Key themes addressed in environmental management, including agriculture and soils, air quality, biodiversity, climate change, energy, the coast, economics, trade and the role of financial institutions (among others), are covered from both scientific and legal perspectives.

This book studies smart green innovation through the prism of social entrepreneurship as a driver for sustainable development and the development of an environmental economy. It systematizes and analyzes the modern challenges of the environmental economy: climate change and environmental pollution. The tendencies and scenarios for the environmental economy are considered in the context of implementing the Sustainable Development Goals. Globalization and international trade are also considered factors in the sustainable development of the environmental economy.The book hones in on the international experience of ecological responsibility and fighting climate change through social entrepreneurship. The contribution of corporate responsibility in the fight against climate change is determined, and state regulation of corporate responsibility in the resource-based economies of developing countries is considered. The market mechanisms for stimulating the fight against climate change through social entrepreneurship in countries with developed environmental economies are also considered. The advantages of digitalization for fighting climate change through social entrepreneurship are offered.The book also reflects on the possibilities for the sustainable development of the environmental economy based on climate-smart innovation in social entrepreneurship. It presents a model of climate-smart enterprise and substantiates its advantages for corporate responsibility and sustainable development. The key climate-smart innovations in social entrepreneurship for sustainable development of the environmental economy—robots big data, AI, blockchain, and green finance—are determined. The book also develops policy recommendations to support climate-smart innovation in social entrepreneurship.

This book compares water allocation policy in three rivers under pressure from demand, droughts and a changing climate: the Colorado, Columbia and Murray-Darling. Each river has undergone multiple decades of policy reform at the intersection of water markets and river basin governance - two prominent responses to the global water crisis often attempted and analyzed separately. Drawing on concepts and evidence about property rights and transaction costs, this book generates lessons about the factors that enable and constrain more flexible and sustainable approaches for sharing water among users and across political jurisdictions. Despite over 40 years of interest in water markets as a solution to water scarcity, they have been slow to develop. Intensified competition has also stimulated interest in river basins as the ideal unit to manage conflicts and tradeoffs across jurisdictions, but integration has proven elusive. This book investigates why progress has been slower and more uneven than expected, and it pinpoints the principles and practices associated with both successes and failures. Garrick synthesizes theoretical traditions in public policy and institutional economics, to examine the influence of path dependency and transaction costs on water allocation reform. Using evidence from historical sources, public policy analysis and institutional economics, the book demonstrates that reforms to water rights and transboundary governance arrangements must be combined and complementary to achieve lasting success at multiple scales. The original approach of this book, and its comparison of three prominent sites of reform, makes it an asset to practitioners of water policy, as well as water governance scholars and academics in public policy and economics who are focused on environmental policy, property rights and institutional change.

'I joined this amazing journey about 30 years ago. I benefited from all the theories, principles, and approaches offered in this book to explore the natural resource and environmental issues on the other side of the world. It makes me an enthusiastic and pragmatic teacher and researcher. In addition to rearranging and rewriting certain chapters, the fourth edition comprises new chapters on climate change which reflect our future challenges. Such knowledge deserves continuously passing to our future generations and equipping more students as an effective doer in resolving complex natural resources issues.' - Pei-Ing Wu, National Taiwan University, TaiwanResource Economics engages students and practitioners in natural resource and environmental issues from both local and global standpoints. The Fourth edition of this approachable but rigorous text provides a new focus on risk and uncertainty as well as new applications that address the effect of new energy technologies on scarcity and climate change mitigation and adaptation, while preserving and systematically updating the approach and key features that drew many thousands of readers to the first three editions. More comprehensive than its competitors, this new edition frames issues and policies from resource scarcity and basic ecology to welfare criteria, property rights, and environmental ethics. Necessary economic, policy, and management concepts and tools are provided, along with applications to a variety of real-world problems. Also included are substantial treatments of new energy technologies, including fracking for oil and natural gas, solar and wind energy, and chapter length analyses of air quality, land markets and use, water resources, climate change, and sustainability. Primarily a textbook, this teaching tool is perfect for undergraduate and graduate students alike who are studying natural resource and environmental economics, as well as sustainability. Additionally, natural resource, environmental policy, and management decision-makers in the private and public sectors will find the content of this book useful for guiding real-world management and policy decisions. Academic, government, and NGO researchers will also find this to be a valuable resource.

'An extremely timely book. The Paris Climate Agreement establishes a global goal on adaptation of enhancing adaptive capacity, strengthening resilience and reducing vulnerability to climate change. The book addresses the key question of how such a goal could be achieved by arguing that adaptation and resilience cannot be separated from ongoing and dynamic development processes. Its central theme is that more climate-resilient development pathways will only occur if climate risks are embedded into wider development, spatial planning, investment and poverty alleviation strategies. Although written from an economics perspective it draws on a wide range of literatures and experiences and is eminently readable. Indeed, it should be read not only by students of development and planning but also by practitioners, in both the public and private sectors, whose development choices will affect future vulnerabilities to climate change.' - Dame Judith Rees, London School of Economics, UK 'The impacts of climate change can appear remote when compared with such immediate problems as poverty, disease and economic stagnation. Yet, climate change can directly affect the achievement of many development objectives. How development occurs also has implications for the vulnerability of societies to the impacts of climate change. In providing a ''deep dive'' into the nexus between adaptation to climate change and economic development this volume makes a valuable contribution to the literature. Furthermore, it also provides timely guidance to policy practitioners on how to make climate resilient development a reality.' - Shardul Agrawala, OECD, France Some climate change is now inevitable and strategies to adapt to these changes are quickly developing. The question is particularly paramount for low-income countries, which are likely to be most affected. This timely and unique book takes an integrated look at the twin challenges of climate change and development. The book treats adaptation to climate change as an issue of climate-resilient development, rather than as a bespoke set of activities (flood defences, drought plans, and so on), combining climate and development challenges into a single strategy. It asks how the standard approaches to development need to change, and what socio-economic trends and urbanisation mean for the vulnerability of developing countries to climate risks. Combining conceptual thinking with practical policy prescriptions and experience the contributors argue that, to address these questions, climate risk has to be embedded fully into wider development strategies. This point of view is gaining in prominence in the development community; however, the contributors assert that a comprehensive analytical treatment is so far lacking. This unique and innovative book will appeal to the development community, such as think tanks and aid agencies, as well as academics and those involved in climate change policy and development. Contributors include: M. Bangalore, M. Bezabih, L. Bonzanigo, D. Castells-Quintana, H. Costa, M. del Pilar Lopez-Uribe, S. Dietz, C. Dixon, S. Fankhauser, M. Fay, J. Finnegan, G. Floater, S. Hallegatte, A. Hunt, T. Kane, S. Lovo, T. McDermott, C. McLaren, U. Narloch, J. Rozenberg, S. Surminski, D. Treguer, A. Vogt-Schilb, G. Singer, M. Waldinger, J. Ward, P. Watkiss

Only through a concerted global effort can we protect our natural resources, save our precious natural environment, and indeed our future. Pressures on our natural environment come from many directions, including overuse, mismanagement and contamination, all of which must be addressed through a range of measures as part of an international response. This much-needed book reviews and evaluates the use of market and fiscal instruments in protecting our natural resources, from rural to marine environments. The expert contributors emphasise the need to reduce greenhouse gas emissions to stem the tide of irreparable harm to our natural resources. Market instruments that are designed to protect the global atmosphere are evaluated, along with carbon instruments and environmental tax incentives. Meanwhile, consideration is given to shifting the tax burden to achieve environmentally responsible outcomes, balancing sustainable use and natural resource protection, and protecting water resources. Offering a comprehensive appraisal of market instruments and policy solutions for natural resource protection, this book is ideal for both policy makers and students and academics of environmental law, economics and sustainability. Contributors include: K. Bubna-Litic, B. Butcher, M.M. Callison, M. Cao, A.C. Cerqueira Duque, J. Cottrell, E. de Lemos Pinto Aydos, M. Dobranschi, F. Fortier, W. Gumley, M.L. Hymel, V. Johnston, C. Kettner, L. Kreiser, P. Lee, A. Lerch, D. Nerudova, S. Palassis, S. Rudolph, K. Schlegelmilch, H. Sprohge, R. Tavallali

'I joined this amazing journey about 30 years ago. I benefited from all the theories, principles, and approaches offered in this book to explore the natural resource and environmental issues on the other side of the world. It makes me an enthusiastic and pragmatic teacher and researcher. In addition to rearranging and rewriting certain chapters, the fourth edition comprises new chapters on climate change which reflect our future challenges. Such knowledge deserves continuously passing to our future generations and equipping more students as an effective doer in resolving complex natural resources issues.' - Pei-Ing Wu, National Taiwan University, TaiwanResource Economics engages students and practitioners in natural resource and environmental issues from both local and global standpoints. The Fourth edition of this approachable but rigorous text provides a new focus on risk and uncertainty as well as new applications that address the effect of new energy technologies on scarcity and climate change mitigation and adaptation, while preserving and systematically updating the approach and key features that drew many thousands of readers to the first three editions. More comprehensive than its competitors, this new edition frames issues and policies from resource scarcity and basic ecology to welfare criteria, property rights, and environmental ethics. Necessary economic, policy, and management concepts and tools are provided, along with applications to a variety of real-world problems. Also included are substantial treatments of new energy technologies, including fracking for oil and natural gas, solar and wind energy, and chapter length analyses of air quality, land markets and use, water resources, climate change, and sustainability. Primarily a textbook, this teaching tool is perfect for undergraduate and graduate students alike who are studying natural resource and environmental economics, as well as sustainability. Additionally, natural resource, environmental policy, and management decision-makers in the private and public sectors will find the content of this book useful for guiding real-world management and policy decisions. Academic, government, and NGO researchers will also find this to be a valuable resource.