Environmental Economics is a branch of Economics, which try to produce solutions to environmental problems through economic tools.
In general this subdiscipline have several areas of work (i) internalizes in the production process the environmental externalities (waste and pollution), to obtain the right prices of the goods and services human-produced; (ii) values natural resources to put prices on them and incorporate them to the markets.;(iii) develops economic tools to be use in environmental management in private companies and government; and (iv) has the goal of Sustainable Development "weak" to incorporate in public policies. The figure show the 4 areas of study of Environmental Economics.
Externalities are all the consequences of producing a good or a service that are
The economic valuation of the environment has the goal to include natural resources that don't have monetary
The economic tools for environmental management are numerous and different for each goal.
"Weak" Sustainable Development
The Weak Sustainable Development
THIS ARTICLE IS CURRENTLY IN DEVELOPMENT.