First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the United States; since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved over the last twenty-five years. Initially little more than an academic curiosity, the use of tradable permits eventually became the centerpiece of both the U.S. program to control acid rain and the European approach to controlling greenhouse gases. The second edition of Emissions Trading skillfully weaves together a vast amount of theoretical and empirical information, offering a thorough survey of what we have learned about this important environmental policy instrument after twenty-five years of theorizing, conducting empirical research, and evaluating the implementation experience. outlines what has been learned to date about the appropriate niche for this instrument and identifies best practices for the design of effective programs.

First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the United States; since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved over the last twenty-five years. Initially little more than an academic curiosity, the use of tradable permits eventually became the centerpiece of both the U.S. program to control acid rain and the European approach to controlling greenhouse gases. The second edition of Emissions Trading skillfully weaves together a vast amount of theoretical and empirical information, offering a thorough survey of what we have learned about this important environmental policy instrument after twenty-five years of theorizing, conducting empirical research, and evaluating the implementation experience.Intended to appeal both to academics and practitioners, Emissions Trading outlines what has been learned to date about the appropriate niche for this instrument and identifies best practices for the design of effective programs.

Environmental and Natural Resource Economics is the best-selling text for natural resource economics and environmental economics courses, offering a policy-oriented approach and introducing economic theory and empirical work from the field. Students will leave the course with a global perspective of both environmental and natural resource economics and how they interact. Complemented by a number of case studies showing how underlying economic principles provided the foundation for specific environmental and resource policies, this key text highlights what can be learned from the actual experience. This new, 11th edition includes updated data, a number of new studies and brings a more international focus to the subject. Key features include: Extensive coverage of the major issues including climate change, air and water pollution, sustainable development, and environmental justice. Dedicated chapters on a full range of resources including water, land, forests, fisheries, and recyclables. Introductions to the theory and method of environmental economics including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services. Boxed 'Examples' and 'Debates' throughout the text which highlight global examples and major talking points. The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book and multiple-choice questions, simulations, references, and slides on the Companion Website.