Cost-Benefit Analysis (CBA) is one of the most useful tools of applied economics for the social appraisal of public projects and government policies. Nick Hanley and Edward Barbier show how CBA can be applied to environmental policy choice and environmental resource management. They cover the conceptual underpinnings of CBA, practical methods for applying CBA, and a wide range of case study applications from Europe, North America and developing countries. Issues such as the value of ecosystem services and the special problems posed for CBA by environmental management are brought into close focus. The textbook is aimed at students on inter-disciplinary courses as well as those studying environmental economics, welfare economics and public policy. It will also be of interest to people in the policy community, NGOs and consultancy sectors.

It is a truth almost universally acknowledged that the impact of climate change is one of the most significant challenges facing the world today. Mitigating this impact will require profound changes in many economic, business, political and industrial spheres.
This book provides a sound analytical assessment of the key issues at the heart of the economics of climate change such as:
* The economics of the Kyoto Protocol *Cost-Benefit Analysis and Climate Change * Developing Countries and Climate Change
With contributions from recognized authorities in their disciplines, this readable salient book will be appreciated by academics with an interest in environmental economics, climate change and energy economics. The book will also appeal to environmental consultants as well as policy-makers.

This lucid, up-to-date book takes a fresh look at the application of cost-benefit analysis (CBA) to environmental problems ranging from wildlife protection to global warming. Cost-Benefit Analysis and the Environment is structured into two parts. Part one provides a critical up-to-date account of the theory and practice of CBA as applied to the environment. Part two focuses on a number of specific case studies, in particular ozone damage to agricultural crops, wilderness land use, recreation and nitrate pollution. The application of CBA to the greenhouse effect is used to illustrate the limitations of the method. The book summarizes the major problems CBA faces in environmental application. This book will be highly relevant for the growing number of undergraduate and post-graduate courses in environmental economics and management, as well as being of interest both to academics researching in these areas, and to other professionals concerned with project appraisal and the environment.

This innovative book presents a series of up-to-date analyses of the economics of outdoor recreation. The distinguished group of authors covers real-world recreation management issues and applies economic understanding to these problems. An extensive introduction by the editors details the historical background of economists' interests in this subject, and reveals how economics can provide practical insights into improving how we manage our natural recreation areas.The book is divided into three parts, each of which focuses on a specific environmental resource: mountains, forests, and rivers and the sea. An array of valuation methods - including stated preference and revealed preference techniques - are then applied to various outdoor recreation activities which occur in these different settings. These include such diverse pursuits as rock climbing, skiing, fishing, hunting and whale watching. The authors clearly demonstrate how recreation modelling can offer a productive link between people (their preferences and behaviour) and the natural environment. With extensive empirical examples from Europe and North America, this book will be of great value to economists, governments and NGOs who are interested in the environment, development and tourism. It will also be a valuable source of reference for policymakers concerned with land use and natural resource management, and students of environmental and resource economics.

Clearly written, global in approach, and theoretically broad-minded, this text is an ideal introduction to environmental economics. Assuming no prior knowledge of economics, the international author team introduces fundamental economic concepts as they relate to our environment. They then use the fundamental concepts to explore and assess current and potential policy responses to some of the major environmental issues of our time. Examples are drawn from all over the world and include such vital issues as climate change, natural resource use, waste management, water pollution, and loss of biodiversity. The text is also accompanied by the following online resources: For students: Links to news stories and organizations Exercises For lecturers: PowerPoint slides Solutions to exercises Graphs from the book List of Discussion Questions

Game theory has emerged as a powerful new tool in environmental economics, especially in the study of transboundary pollution problems such as global warming and acid rain. This is the first book specifically concerned with this expanding field and addresses key issues in the application of game theory to environmental economics. The book features an impressive list of leading authorities who begin by providing a concise introduction and overview of game theory concepts. They then present an examination of methodological issues, and finally apply game theory to a variety of environmental management problems. Included in the analysis are the following issues: cooperation versus selfish behaviour and the formation and stability of coalitions asymmetric information, commitment and fairness, and irreversibility and uncertainty international environmental externalities and international pollution control agreements cooperation versus free riding in international affairs the reduction of greenhouse gas emissions, regulation of nuclear power and control of acid rain best choice policy instruments. This book will be highly relevant for the growing number of undergraduate and postgraduate courses in environmental economics, environmental management and public policy. It will also be of interest both to academics researching in these areas and to practitioners in government and international agencies.

Environmental Economics in Theory and Practice provides a thorough and coherent review and discussion of environmental economics. It is a guide to the most important areas of natural resource and environmental economics, including the economics of non-renewable and renewable resource extraction, the economics of pollution control, the application of cost-benefit analysis to the environment, and the economics of sustainable development. The book concentrates on key elements of economic theory, and shows how they can be applied to real-world problems.

Environmental Economics in Theory and Practice is an ideal text for students taking advanced courses in environmental and natural resource economics. This completely revised and updated edition covers all the major topics in the field, including the economics of sustainable development, market failure and mechanism design, pollution taxes and tradable permits, trans-boundary pollution, non-renewable and renewable resources (including both fisheries and forests), environmental valuation, risk, and trade and the environment. The authors make extensive use of mathematical models, supplementing these with careful explanation and graphical analysis. Emphasis is placed on the application of economic analysis to real-world environmental problem solving, such as designing policies to control pollution or to reduce global biodiversity loss, and examples are drawn from all over the world. NICK HANLEY is Professor of Environmental Economics at the University of Stirling, Scotland. JASON F. SHOGREN is Stroock Distinguished Professor of Natural Resource Conservation and Management at the University of Wyoming, USA. BEN WHITE is Senior Lecturer in Agricultural and Resource Economics at the University of Western Australia, Australia. The authors have also jointly produced An Introduction to Environmental Economics (Oxford University Press, 2001). Nick Hanley is the author of Cost-Benefit Analysis and the Environment (Edward Elgar, 1994).

This impressive new collection couldn't come at a better time. With global warming now becoming physically noticeable and the Kyoto treaty stalling in its efforts to get the developed world on board, to take a look at the economic factors of global warming is very much welcome. With contributions from distinguished authors and covering everything you need to know about global warming and its financial implications, this readable book will appeal across the political and scientific spectrum.