This text brings together recent developments in the various aspects of environmental economics, as well as providing an introduction to its theory and practice. Environmental valuation techniques are outlined and applied to developed and developing countries, and to countries in transition from centrally planned to market-based systems. The effectiveness of regulatory and market-based policy instruments, including environmental taxation and tradeable permits, is analyzed and applied to such environmental problems as the reduction of greenhouse gas emissions from transport and the conservation of biological diversity.
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