Environmental Economics for Sustainable Growth is a specially designed handbook for trainers, practitioners and government advisors involved in environmental policy making. It will enable professionals to initiate and implement environmental economic studies and identify policies and investments which will ensure sustainable development in their respective countries. The book focuses on economic tools but also encompasses ecological and sociological perspectives, all of which are essential to any successful environmental policy. The authors highlight the major issues in environmental policy making and the analysis of projects with environmental impacts. Features include: * sustainable development in a global context * macroeconomic policies and the environment * environmental policies and priorities * legal and institutional dimensions * integration of environmental assessment into project analysis * valuation techniques and case studies. This handbook will be of immense use in the training of policymakers, practitioners, and students of environmental policy as well as development managers and scholars working in the areas of environment and development.

This volume presents new developments in the research on ancillary benefits. Twenty years after the influential OECD report on ancillary benefits, the authors discuss theoretical innovations and offer new empirical findings on various ancillary effects in different world regions. Covering topics such as ancillary health effects associated with reduced air pollution, the influence of ancillary benefits on international cooperation on climate protection, co-effects of carbon capture and storage, ancillary effects of adaptation to climate change, multi-criteria decision analysis covering multiple effects of climate protection actions, and the analysis of primary and ancillary effects within an impure public goods framework, it provides starting points for further research on integrated climate policies seeking to address a range of policy objectives simultaneously.

As governments around the world work towards achieving the Sustainable Development Goals by 2030, the trans-disciplinary topic of oceans management is fast being recognized as one of the most important challenges of the twenty-first century. This timely Handbook takes stock of the state of knowledge on ecosystem services derived from coastal and marine areas and offers innovative proposals for the future of this important topic. The Handbook on the Economics and Management of Sustainable Oceans brings together a carefully chosen collection of world-class contributions from ecology, economics and other development sciences. It provides policy-relevant scientific information on key topics such as ecosystem services from marine and coastal ecosystems and the nuances of economic valuation. Detailed chapters also consider relevant legal and sociological response policies for effective management of marine areas for enhanced human well-being. This comprehensive Handbook will be essential reading for advanced students and academics in economics, environment studies and resource management. The contributors also focus on the nexus of science-society and science-policy with the objective of educating decision-makers in governmental agencies, industry and civil society. Contributors include: M. Bailey, Y. Beaudoin, D. Belhabib, R. Bille, F. Bosello, J.H. Brito, V. Burgener, S. Bush, N. Carlson, S. Cataudella, L. Chabason, W. Chen, W. Cheung, G. da Fonseca, O.G. Davila, E. Delpiazzo, S.T.M. Dissanayake, P. Drankier, I. Drysdale, S. Dupont, F. Eboli, G. Fauville, N. Ferri, D. Fezzardi, M.R. Flores, Y. Fujita, B. Galil, M. Garmendia, A. Ghermandi, E. Giacomello, A. Giannouli, G. Gitti, J. Gowdy, R.A. Groeneveld, M. Hamid, S. Hansen, L. Hansson, L. Karrer, M. Kettunen, E. Kotoroni, P. Koundouri, V. Lam, H. Lindhjem, M. Loureiro, K. Magnussen, E. Mailli, A. Markandya, F. Marques, J. Marsden, F. Massa, J. Matos de Sousa, M. McField, G. Menezes, M. Metian, D. Miller, B. Milligan, K. Mintenbeck, E.Y. Mohammed, E.J. Molenaar, R. Mongruel, K. Mutafoglu, S. Navrud, P.A.L.D. Nunes, D.O. Obura, E. Ojea, N. Okubo, L. Onofri, A. Onuma, M. Omori, D. Osborn, A. Pacheco Capella, A. Padilla, C. Papagianni, M. Pascual, D. Pauly, A.G. Petersen, R. Pott, H. Ralison, A. Ressurreicao, J. Ribeiro, J. Richardson, J. Rochette, D. Russi, M. Samoilys, C. Santos, L.V. Santuario, P. Scheren, J.-P. Schweitzer, M. Seneque, C. Severin, P. Shah, I. Souliotis, A. Srour, P. Steele, D. Steinbach, R.M. Sultan, R. Sumaila, L.E. Svensson, V. Sweeney, J. Tanzer, P. ten Brink, L. The, F. Thevenon, J. van den Bergh, D. Waruinge, E. Watkins, S. Withana, P. Ziveri

Major contemporary issues and debates relating to the sustainable use of energy are addressed in this far-reaching Handbook. The contributing authors discuss the ongoing debates about sustainability and energy use, energy economics, renewable energy, efficiency and climate policy. New and original chapters from leading academics cover the full spectrum of relevant research including: definitions of sustainability in energy use; consumer behavior and energy markets; the impacts of innovation and new technologies; energy economics and climate modeling; low carbon economies and renewable energies. The authors critically engage with perspectives from developed and developing countries, in the context of both global and regional standpoints. This Handbook will make a timely and important contribution to the study of energy, climate change and climate economics and will prove essential reading for international researchers in the fields of natural resources, climate change and energy. Students in environmental science faculties, economics departments, business schools and engineering schools will also find this important and enriching compendium insightful. Policy makers in energy and environment ministries and international organizations will also find much topical debate to engage them in this resource. Contributors: L.M. Abadie, S. Abdullah, A. Ansuategi, E.J. Anthony, R. Bailis, A. Bigano, M. Bonacina, K. Button, H. Cabal, J.M. Chamorro, J. Chevallier, A. Creti, S. Dorigoni, M. Escapa, M. Evans, P.S. Fennell, R. Fouquet, T.J. Foxon, I. Galarraga, M.C. Gallastegui, T. Gomez, A.G. Gomez-Plana, M. Gonzalez-Eguino, K. Halsnaes, G.P. Hammond, M.J.W. Harmsen-van Hout, P.B.R. Hazell, D.R. Heres, J.I. Hormaeche, C.I. Jones, K. Karlsson, X. Labandeira, M. Labriet, A. Lanza, Y. Lechon, C.-Y.C. Lin, P. Linares, R. Madlener, A. Markandya, E. Menichetti, L. Olmos, R.A. Ortiz, I. Perez-Arriaga, R. Pierfederici, K. Pittel, T. Reisz, M. Rivier, R. Rodrigues, D. Rubbelke, J.L. Saenz de Ormijana, A. Stirling, E. Strumse, T. Suzuki, E. Verdolini, H. Westskog, T. Winther, G. Yoshizawa

The 2015 Paris Accord stated the aim to limit the increase in global mean temperatures to 2C compared to pre-industrial levels and if possible, keep it down to 1.5C. Achieving this is possible, but the costs incurred are uncertain and the distribution of costs among nations is indistinct. Furthermore, even if the goal is realised, significant impacts from climate change can be expected. Evidence indicates that these will be felt most severely in countries that are relatively poor. These effects of climate change will be added to by the measures taken to reduce GHGs. Together, they will determine how climate change affects the prospects for development across the globe. The analysis of the interplay between climate change and policies to combat it on the one hand and development on the other are the focus of this book.

Tourism is both a growth industry and the world's number one export earner. It is therefore no surprise that the role of tourism is increasingly gaining prominence in the debate over how we can move towards more sustainable patterns of development. An enormous literature has emerged on the three pillars of sustainable development - environment, culture and economics - and on how tourism impacts and interacts with them. This timely and original book is firmly grounded in the theory and application of economics, in contrast to much of the previous research which has tended to adopt an environmental or sociological perspective. Although economics has increasingly become a technical subject, this accessible book aims to present important economics results and relate them explicitly to the policy debate. Using a coherent analytical framework, this unique approach offers prescriptions for moving tourism, and economic development more generally, closer to a sustainable ideal. The authors begin by studying the macroeconomic effect of tourism in terms of growth performance and sources of growth. They also examine how the tourism-growth link is affected by the role of imports in the economy, and how tourism impacts upon land use. Further chapters investigate the important issue of forecasting visitor numbers and explore the need for a comprehensive accounting framework to take account of ecologically sustainable tourism. The authors also examine the microeconomic aspects of sustainable tourism and analyse the increasing popularity of environmentally friendly holidays. Sustainable tourism is a fast-growing subject and this book provides an insightful introduction to the critical economic issues involved. It will interest and inform a broad and varied readership including researchers, students and policymakers interested in tourism economics and tourism management, as well as environmentalists, geographers and development scholars.

Major contemporary issues and debates relating to the sustainable use of energy are addressed in this far-reaching Handbook. The contributing authors discuss the ongoing debates about sustainability and energy use, energy economics, renewable energy, efficiency and climate policy. New and original chapters from leading academics cover the full spectrum of relevant research including: definitions of sustainability in energy use; consumer behavior and energy markets; the impacts of innovation and new technologies; energy economics and climate modeling; low carbon economies and renewable energies. The authors critically engage with perspectives from developed and developing countries, in the context of both global and regional standpoints. This Handbook will make a timely and important contribution to the study of energy, climate change and climate economics and will prove essential reading for international researchers in the fields of natural resources, climate change and energy. Students in environmental science faculties, economics departments, business schools and engineering schools will also find this important and enriching compendium insightful. Policy makers in energy and environment ministries and international organizations will also find much topical debate to engage them in this resource. Contributors: L.M. Abadie, S. Abdullah, A. Ansuategi, E.J. Anthony, R. Bailis, A. Bigano, M. Bonacina, K. Button, H. Cabal, J.M. Chamorro, J. Chevallier, A. Creti, S. Dorigoni, M. Escapa, M. Evans, P.S. Fennell, R. Fouquet, T.J. Foxon, I. Galarraga, M.C. Gallastegui, T. Gomez, A.G. Gomez-Plana, M. Gonzalez-Eguino, K. Halsnaes, G.P. Hammond, M.J.W. Harmsen-van Hout, P.B.R. Hazell, D.R. Heres, J.I. Hormaeche, C.I. Jones, K. Karlsson, X. Labandeira, M. Labriet, A. Lanza, Y. Lechon, C.-Y.C. Lin, P. Linares, R. Madlener, A. Markandya, E. Menichetti, L. Olmos, R.A. Ortiz, I. Perez-Arriaga, R. Pierfederici, K. Pittel, T. Reisz, M. Rivier, R. Rodrigues, D. Rubbelke, J.L. Saenz de Ormijana, A. Stirling, E. Strumse, T. Suzuki, E. Verdolini, H. Westskog, T. Winther, G. Yoshizawa

Environmental Economics for Sustainable Growth is a specially designed handbook for trainers, practitioners and government advisors involved in environmental policy making. It will enable professionals to initiate and implement environmental economic studies and identify policies and investments which will ensure sustainable development in their respective countries. The book focuses on economic tools but also encompasses ecological and sociological perspectives, all of which are essential to any successful environmental policy. The authors highlight the major issues in environmental policy making and the analysis of projects with environmental impacts. Features include: * sustainable development in a global context * macroeconomic policies and the environment * environmental policies and priorities * legal and institutional dimensions * integration of environmental assessment into project analysis * valuation techniques and case studies. This handbook will be of immense use in the training of policymakers, practitioners, and students of environmental policy as well as development managers and scholars working in the areas of environment and development.

How is the struggle against climate change financed? Climate Finance: Theory and Practice gives an overview of the key debates that have emerged in the field of climate finance, including those concerned with efficiency, equity, justice, and contribution to the public good between developed and developing countries. With the collaboration of internationally renowned experts in the field of climate finance, the authors of this book highlight the importance of climate finance, showing the theoretical aspects that influence it, and some practices that are currently being implemented or have been proposed to finance mitigation and adaptation policies in the developed and developing world.

This major book makes a significant contribution to the development of economic principles and practice for natural resource management in Third World countries.The 1980s witnessed the second environmental revolution: its theme is 'sustainable development'. This book offers a definition of sustainable development in terms of the non-depletion of natural environments. It investigates the economic implications of sustainability, with special reference to the practice of cost-benefit analysis and problems of accounting for the interests of future generations. The major part of the book is devoted to an analysis of environmental problems in the developing world. The essential ingredients of policy measures aimed at sustainable development are discussed.

Published in 1989, Blueprint for a Green Economy presented, for the first time, practical policy measures for 'greening' modern economies and putting them on a path to sustainable development. This new book, written by two of the Blueprint for a Green Economy authors, revisits and updates its main messages by asking, first, what has been achieved in the past twenty years, and second, what more needs to be done to generate a truly 'green economy' in the twenty-first century? Blueprint for a Green Economy had one over-arching theme. Making economies more sustainable requires urgent progress in three key policy areas: valuing the environment, accounting for the environment and incentives for environmental improvement. Today, with the threat of global warming, the decline in major ecosystems and their services, and fears over energy security, achieving these goals is even more vital. The current book first summarizes the main messages from Blueprint for a Green Economy and explains why, given rapid and widespread global environmental degradation, they are still relevant. The book then examines the progress since Blueprint for a Green Economy in implementing policies and other measures to improve environmental valuation, accounting and incentives. Although much has been accomplished, additional advances are still required to green economies successfully. The book highlights the new policies and approaches needed for economic management of today's environmental concerns. Over twenty years later, A New Blueprint for a Green Economy once again emphasizes practical policies for greening modern economies, and explains why such an economic roadmap to a greener future is essential, if modern economies are to develop successfully and sustainably.

The link between trade and the environment has focused on two broad issues: how changing trade regimes have affected the environment and how stricter environmental regulations have affected trade. The answers are of particular importance to developing and transition countries where the relationship between trade and the environment has a major impact. This unique book, based on eleven case studies undertaken by research institutes in developing countries with the support of UNCTAD and UNDP, provides detailed empirical evidence from Brazil, China, Colombia, Costa Rica, India, Malaysia, The Philippines, Poland, Thailand, Turkey and Zimbabwe. The central questions addressed are: * has the international programme of trade liberalization affected the environment negatively? * are stricter environmental regulations in both developed and developing countries having an effect on exports and imports and how can these effects be addressed? * what impacts, if any, result from differences in environmental standards between richer and poorer countries? * what impacts have multilateral environmental agreements had on trade flows between developed and developing countries * what impacts are firms' voluntary measures to protect the environment having on the export flows from developing and transition countries? The book provides a wealth of information and shows a wide difference of outcomes from country to country, allowing the authors to draw an interesting set of conclusions. It will be useful for students and researchers in environmental and international economics and will be essential reading for policymakers in government and non-governmental organizations.

'Makes a substantial contribution to the practical, effective analysis of climate change mitigation options in developing countries.' Development And Cooperation 'The book is an excellent exercise and a good source of detailed information, and a basis for further discussions. Any person interested in this major environmental problem should read it.' International Journal of Environment and Pollution 'Markandya and Halsnaes' collection is thoughtfully put together and can be recommended to all the practitioners in the fields of climate change and sustainable development.' The Journal of Energy Literature This text argues that the policies pursued by developing countries will be crucial in determining the progress of climate change. Many are industrializing rapidly and the largest, particularly China and India, could have an impact at least as significant as that of the already industrialized economies - the reason given by President Bush for taking the US out of the Kyoto Protocol. The future of sustainable development in large measure depends on developing countries. This book develops a pragmatic framework for evaluating the climate change options faced by each developing country, depending on their individual circumstances. It assesses present methods, suggests how these might be improved, and proposes ways in which social and developmental aspects can be taken into account. Its discussion of the issues and the methods presented contribute to the practical analysis of climate change mitigation options in developing countries. The book should be useful to professionals, governments, international organizations and environmental groups working on climate change issues; as well as researchers, academics and students in economics, environmental and development studies and international affairs.

'Makes a substantial contribution to the practical, effective analysis of climate change mitigation options in developing countries.' Development And Cooperation 'The book is an excellent exercise and a good source of detailed information, and a basis for further discussions. Any person interested in this major environmental problem should read it.' International Journal of Environment and Pollution 'Markandya and Halsnaes' collection is thoughtfully put together and can be recommended to all the practitioners in the fields of climate change and sustainable development.' The Journal of Energy Literature This text argues that the policies pursued by developing countries will be crucial in determining the progress of climate change. Many are industrializing rapidly and the largest, particularly China and India, could have an impact at least as significant as that of the already industrialized economies - the reason given by President Bush for taking the US out of the Kyoto Protocol. The future of sustainable development in large measure depends on developing countries. This book develops a pragmatic framework for evaluating the climate change options faced by each developing country, depending on their individual circumstances. It assesses present methods, suggests how these might be improved, and proposes ways in which social and developmental aspects can be taken into account. Its discussion of the issues and the methods presented contribute to the practical analysis of climate change mitigation options in developing countries. The book should be useful to professionals, governments, international organizations and environmental groups working on climate change issues; as well as researchers, academics and students in economics, environmental and development studies and international affairs.

Environmental economics may hold the key to the successful management of the world's accelerating environmental problems, from transport and pollution to the wholesale degradation of much of the Third World, climate change and loss of the ozone layer. Increasingly a range of professionals and policy makers as well as environmentalists and the economists themselves are turning to it to show how to arrive at decisions on these complicated and vital issues. This reader brings together the most important contributions to the subject. Sections of it cover the theoretical issues, the different ways of valuing the environment, economic instruments of environmental policy, environment and development and global environmental problems. An extensive introduction by the editors maps out the area and the development of the arguments within it. As a whole the volume makes an indispensable sourcebook for those in any way involved with these questions. Anil markandya is one of the authors of Blueprint for a Green Economy and Blueprint 2: Greening the Global Economy.

This report has been prepared by the London Environmental Economics Centre (LEEC). LEEC is a joint venture, established in 1988, by the International Institute for Environment and Development (IIED) and the department of Economics of University College London (UCL). Popularly known as The Pearce Report, this book is a report prepared for the Department of the Environment. It demonstrates the ways in which elements in our environment at present under threat from many forms of pollution can be costed. The book goes on to show ways in which governments are able, as a consequence of this analysis, to construct systems of taxation which would both reduce pollution by making it too costly and generate revenue for cleaning up much of the damage. The book ends with a series of skeleton programmes for progress.

Environmental economics may hold the key to the successful management of the world's accelerating environmental problems, from transport and pollution to the wholesale degradation of much of the Third World, climate change and loss of the ozone layer. Increasingly a range of professionals and policy makers as well as environmentalists and the economists themselves are turning to it to show how to arrive at decisions on these complicated and vital issues. This reader brings together the most important contributions to the subject. Sections of it cover the theoretical issues, the different ways of valuing the environment, economic instruments of environmental policy, environment and development and global environmental problems. An extensive introduction by the editors maps out the area and the development of the arguments within it. As a whole the volume makes an indispensable sourcebook for those in any way involved with these questions. Anil markandya is one of the authors of Blueprint for a Green Economy and Blueprint 2: Greening the Global Economy.

Climate change is one of the greatest challenges facing human kind owing to the great uncertainty regarding future impacts, which affect all regions and many ecosystems. Many publications deal with economic issues relating to mitigation policies, but the economics of adaptation to climate change has received comparatively little attention. However, this area is is critical and a central pillar of any adaptation strategy or plan and is the economic dimension, which therefore merits the increase in attention it is receiving. This book deals with the difficulties that face the economics of adaptation. Critical issues include: uncertainty; baselines; reversibility, flexibility and adaptive management; distributional impacts; discount rates and time horizons; mixing monetary and non-monetary evaluations and limits to the use of cost-benefit analysis; economy-wide impacts and cross-sectoral linkages. All of these are addressed in the book from the perspective of economics of adaptation. Other dimensions of adaptation are also included, such as the role of low- and middle-income countries, technology and the impacts of extreme events. This timely book will prove essential reading for international researchers and policy makers in the fields of natural resources, environmental economics and climate change.

Climate change is one of the greatest challenges facing human kind owing to the great uncertainty regarding future impacts, which affect all regions and many ecosystems. Many publications deal with economic issues relating to mitigation policies, but the economics of adaptation to climate change has received comparatively little attention. However, this area is is critical and a central pillar of any adaptation strategy or plan and is the economic dimension, which therefore merits the increase in attention it is receiving. This book deals with the difficulties that face the economics of adaptation. Critical issues include: uncertainty; baselines; reversibility, flexibility and adaptive management; distributional impacts; discount rates and time horizons; mixing monetary and non-monetary evaluations and limits to the use of cost-benefit analysis; economy-wide impacts and cross-sectoral linkages. All of these are addressed in the book from the perspective of economics of adaptation. Other dimensions of adaptation are also included, such as the role of low- and middle-income countries, technology and the impacts of extreme events. This timely book will prove essential reading for international researchers and policy makers in the fields of natural resources, environmental economics and climate change.

The issues of technology and uncertainty are very much at the heart of the policy debate of how much to control greenhouse gas emissions. The costs of doing so are present and high while the benefits are very much in the future and, most importantly, they are highly uncertain. Whilst there is broad consensus on the key elements of climate change science and agreement that near-term actions are needed to prevent dangerous anthropogenic interference with the climate system, there is little agreement on the costs and benefits of climate policy. The book looks at different ways of reconciling the needs for sustainability and equity with the costs of action now. Presenting a compendium of methodologies for evaluating the economic impact of technological innovation upon climate-change policy, this book describes mathematical models and their predictions. The goal is to provide a practitioner's guide for doing the science of economics and climate change. Because the assumptions motivating different problems in the economics of climate change have different complexities, a number of models are presented with varying levels of difficulty: reduced-form and structural, partial- and general-equilibrium, closed-form and computational. A unifying theme of these models is the incorporation of a number of price and quantity instruments and an analysis of their respective efficacies. This book presents models that contain structural uncertainty, i.e., uncertainty that economic agents respond to via their risk attitudes. The novelty of this book is to relate the effects of risk and risk attitudes to environment-improving technological innovation.

Measuring Environmental Degradation is a unique book that provides a comprehensive yet concise overview of the key issues of environmental significance addressed as part of the Eurostat 'Environmental Pressure Indicators Project'. The book is part of the 'Towards Environmental Pressure Indicators for the EU' (TEPI) series that has resulted from the project. The book is divided into ten distinct chapters, each one concentrating on a particular environmental policy field, ranging from ozone layer depletion to waste and water pollution. The contributors, each experts in their chosen discipline, provide background information on the main environmental pressures faced by the EU, identify the practical actions necessary to reduce these pressures and reflect upon the process of selecting an imaginative list of pressure indicators. The indicators are intended to describe these pressures, in a highly aggregated format, in order to communicate environmental information clearly and effectively whilst retaining scientific soundness. The book extends discussion by considering the expected benefits of communicating trends in environmental pressures to policymakers and the wider public, and considering whether central political intervention is necessary to deal with problem pressures. As well as offering a valuable insight into the methodological issues and processes concerned with the development of pressure indicators, the book outlines the international framework for each policy field. The work benefits from the diversity of views and approaches proposed by the contributors to create an extensive overview of the subject. This original and topical collection of essays will make valuable reading for researchers and students of environmental studies, environmental policymakers in both governmental and non-governmental institutions as well as anyone with an interest in current environmental issues.

This volume presents new developments in the research on ancillary benefits. Twenty years after the influential OECD report on ancillary benefits, the authors discuss theoretical innovations and offer new empirical findings on various ancillary effects in different world regions. Covering topics such as ancillary health effects associated with reduced air pollution, the influence of ancillary benefits on international cooperation on climate protection, co-effects of carbon capture and storage, ancillary effects of adaptation to climate change, multi-criteria decision analysis covering multiple effects of climate protection actions, and the analysis of primary and ancillary effects within an impure public goods framework, it provides starting points for further research on integrated climate policies seeking to address a range of policy objectives simultaneously.

`This book is an excellent report on a very thorough analysis of the full-cycle costs of different sources of electric power, with due regard for externalities. It is a great credit to Fondazione Eni Enrico Mattei.' - Kenneth Arrow, Stanford University, US This book reports and rationalizes the state-of-the-art concerning the social costs of electricity generation. Social costs are assessed by adding to the private generation costs, the external costs associated with damages to human health, the environment, crops, materials, and those related to the consequences of climate change. The authors consider the evolution of these costs up to 2030 for major electricity generating technologies and, using these estimates, evaluate policy options for external cost internalization, providing quantitative scenarios by country and primary fuel for 2010, 2020 and 2030. While mainly focusing on European countries, the book also examines the situation in key emerging economies such as China, India, Brazil and Turkey. With an analysis of the policies for external costs internalization, this invaluable book will appeal to energy policymakers, research institutions focusing on energy, environmental and energy NGOs and trade associations, as well as energy companies.

Tourism is one of the world's largest industries and one of its fastest growing economic sectors helping to generate income and employment for local people. At the same time, it has many negative outsourced effects on the environment and local culture. Achieving a more sustainable pattern of tourism development is high on the global agenda aiming to meet human needs while preserving the environment now and for the future. The Economics of Sustainable Tourism aims to critically explore how tourism economic development can move closer to a sustainable ideal from a firm economic analytic anchor. Grounded in economic theory and application it analyzes tourist's satisfaction and impacts of tourism on the host community, investigates the productivity of the industry and identify factors which could increase economic and sustainable development such as trade relationships. It offers further insight into how destinations sustainability can be measured, economic benefits of a more sustainable destination and sets the agenda for future research. The book includes a range of theoretical and empirical perspectives and includes cutting edge research from international scholars. This significant volume provides a new perspective on the sustainable tourism debate and will be a valuable read for students, researchers, academics of Tourism and Economics.

Tourism is one of the world's largest industries and one of its fastest growing economic sectors helping to generate income and employment for local people. At the same time, it has many negative outsourced effects on the environment and local culture. Achieving a more sustainable pattern of tourism development is high on the global agenda aiming to meet human needs while preserving the environment now and for the future.

The Economics of Sustainable Tourism aims to critically explore how tourism economic development can move closer to a sustainable ideal from a firm economic analytic anchor. Grounded in economic theory and application it analyzes tourist's satisfaction and impacts of tourism on the host community, investigates the productivity of the industry and identify factors which could increase economic and sustainable development such as trade relationships. It offers further insight into how destinations sustainability can be measured, economic benefits of a more sustainable destination and sets the agenda for future research. The book includes a range of theoretical and empirical perspectives and includes cutting edge research from international scholars.

This significant volume provides a new perspective on the sustainable tourism debate and will be a valuable read for students, researchers, academics of Tourism and Economics.