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This innovative, cutting-edge text takes a hands-on, applied approach to the origins of environmental problems, their economic consequences, and the policies that address them. The text presents environmental economic theory and methods in the first five chapters and then applies and reinforces them with illustrations and applications in the subsequent chapters. No other text provides a stronger link between theory and applications. Features: * Detailed application chapters (6-18) reinforce theory presented in chapters 1-5 highlighting topics not found in most books like separate chapters on tropical and temperate forest, biodiversity, and agriculture and the environment. * Student understanding of chapter concepts is further strengthened with end-of-chapter review questions, suggested paper topics and questions for further study that apply specific topics to a broader real-world scenario. * A separate chapter on international environmental issues and where applicable, many sections comparing the environmental policies of different countries, helps to give this text a strong international perspective. * A special Internet appendix offers information on how to access the information superhighway and discusses ENVIRO-ECONOMICS, the author's website with links from the text to the Web. New to this edition: * Theory presented in chapters 1-5 has been heavily revised to improve clarity of exposition, resulting in a clearer, more student friendly presentation. * Stronger links have been created from the theory chapters (1-5) throughout the application chapters (6-18) to help students more easily apply the theory to the applications and between the application chapters themselves. * In text Internet references enable the student to access the latest developments on breaking environmental issues. * Chapter 5, "The Macroeconomics of the Environment", has new and updated discussions of the impact of environmental regulation on the economy, the impact of environmental quality on the economy, and the impact of economic growth on the environment, in addition, an examination of the double dividend associated with environment taxes not found in any texts. * Environmental policy material has been thoroughly updated throughout to keep students appraised of the new policies and implications they can have on us and the environment. * Expanded coverage on alternative energy sources, ethics and the environment, and recreation and the environment.