Environmental Economics and Policy  book cover
7th Edition

Environmental Economics and Policy

ISBN 9781138587595
Published December 18, 2019 by Routledge
382 Pages 36 B/W Illustrations

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Book Description

Environmental Economics and Policy is a best-selling text for environmental economics courses. Offering a policy-oriented approach, it introduces economic theory, empirical fieldwork, and case studies that show how underlying economic principles provided the foundation for environmental policies.

Key features include:

  1. Introductions to the theory and method of environmental economics, including externalities, benefit-cost analysis, valuation methods, and ecosystem goods and services.
  2. Extensive coverage of the major issues including climate change mitigation and adaptation, air and water pollution, and environmental justice.
  3. Boxed "Examples" and "Debates" throughout the text, which highlight global examples and major talking points.

This text will be of use to undergraduate students of economics. Students will leave the course with a global perspective of how environmental economics has played and can continue to play a role in promoting fair and efficient environmental management.

The text is fully supported with end-of-chapter summaries, discussion questions, and self-test exercises in the book. Additional online resources include references, as well as PowerPoint slides for each chapter.

Table of Contents

Section I. Economic Analysis: Options and Applications                                                             
1 The Role of Economics in Formulating and Implementing Policy
2 The Economic Approach: Property Rights, Externalities and Environmental Problems                                                                  
3 The Role of Policy Instrument Choice in Efficient Environmental Management
4 Evaluating Trade-Offs: Benefit-Cost Analysis and Other Decision-Making Metrics
5 Valuing the Environment: Methods and Examples             

Section II. Environmental Policy                                                        
6 Ecosystem Goods and Services: Nature’s Threatened Bounty
7 Fisheries Policy                                                       
8 Climate Change I: The Nature of the Challenge                                                          
9 Climate Change II: The Role of Energy Policy
10 Climate Change III: Carbon Pricing                                                                 
11 Climate Change IV: Adaptation
12 Transportation: Managing Congestion and Local Pollution 
13 Water: Managing Water Quality for Rivers, Lakes and Oceans
14 Toxics Policy and Environmental Justice
15 Meeting the Challenges: The Role of Economics

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Lynne Lewis is Elmer W. Campbell Professor of Economics at Bates College, Maine, USA.

Tom Tietenberg is the Mitchell Family Professor of Economics, Emeritus, at Colby College, Maine, USA.


"The authors transform masterfully the leading-edge of environmental economics research into language that is accessible, insightful and relevant to a broad audience. The book is an essential resource for all undergraduate environmental economics and environmental policy courses." – Assistant Professor Jacob Hochard, Department of Economics, East Carolina University.

"Lewis and Tietenberg provide a highly-relevant and up-to-date economics-based framework for evaluating environmental problems and policy solutions. In examining the most critical environmental issues of the day, the authors embrace a wide range of disciplinary-perspectives. This book is perfect for undergraduate economics students or graduate policy students." – Professor Sarah L. Stafford, Chair of the Department of Economics, William & Mary.