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Preface
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.
New to This Edition
New Features
● lots of new self-test exercises (numerical problems, graphical manipulations,
and word problems) for students,
● updated data tables,
● inclusion of recent economic studies,
● climate change now has its own chapter,
● the toxic substances and environmental justice chapters have now been
combined into a single chapter
New or Expanded Topics
The ninth edition covers new topics and expands on others. These additions
include the following:
● experimental economics,
● oil and gas derived from shale,
● nuclear program in France,
● renewable energy credits, |