First published in 1997, this volume addressed the growing
preoccupation of scientists at the time had in environmental
phenomena, such as global warming, ozone layer depletion, acid
rains, fresh water and ocean pollution, desertification,
deforestation and the loss of bio-diversity. The crucial and
pressing nature of these issues spawned says the author a new wave
of research in environmental economics. The volume provides broad
surveys of the developments in the economics of the environment and
reports on the developing set of environmental problems, analytical
tools and economic policies. The importance of the developing
approach was that environmental problems are no longer isolated
from all other economic dimensions. Throughout the volume they are
analysed in an open, generally non-competitive economy with
transnational or global externalities. The first part deals with
the relationship between the environment, economic growth and
technological innovation. The second part analyses the optimal
design of environmental taxation, while the third part considers
the international dimension of environmental policy.
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