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.

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.

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).

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