Environmental Economic Theories

Environmental economics theories are a branch of the economic theories that focus on the production, consumption, pricing and externalities of goods and services with respect to the environment. These theories explain the interactions between the environment and the economy, as well as how economic policies and incentives can be used to drive better environmental outcomes. Typical topics in environmental economics theories include pollution control, resource management, and natural resource development. Additionally, theoretical discussions include topics that analyze the economics of global warming, climate change, species extinction, and other environmental problems.