Description
A glance at any newspaper will confirm that environmental economics is now a
major player in environmental policy. Concepts such as cap-and-trade, renewable
portfolio standards, block pricing, renewable energy credits, development impact
fees, conservation easements, carbon trading, the commons, congestion pricing,
corporate average fuel economy standards, pay-as-you-throw, debt-for-nature
swaps, extended producer responsibility, sprawl, leapfrogging, pollution havens,
strategic petroleum reserves, and sustainable development have moved from the
textbook to the legislative hearing room. As the large number of current examples
in Environmental & Natural Resource Economics demonstrates, ideas that were once
restricted to academic discussions are now not only part of the policy mix, but they
are making a significant difference as well.
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