Environmental Economics Analysis Term Paper Example | Topics and Well Written Essays - 3500 words

Environmental Economics Analysis - Term Paper ExampleEnvironmental economics is a subfield of economics concerned with environmental issues (other usages of the term are not uncommon). In using standard methods of neo-classical economics, it is identify from green economics or ecological economics, which include the nonstandard approaches to environmental problems, environmental science/environmental studies, or ecology. (Wikipedia)The economic growing is, in fact, good for the environment, and there are limits to the contribution that economic growth can make to human well being. Forests are being depleted throughout the world since this is the economically optimal strategy for the owners. However, forests not only provide timber but also perform ball-shaped ecosystem operate. Forests absorb carbon dioxide, preserve biodiversity, pr yett soil erosion, maintain hydrological cycle, etc. Hence, global environmental sustainability, a prerequisite for economic sustainability, might r equire that limits be placed on the depletion of graphic resource stocks, even if it appears that this means sacrificing some of the monetary value of these stocksAs the market cannot reflect all the values of the services provided by the natural environment, this implies that environmental sustainability places a constraint on economic growth. Because the services provided by natural resources are not traded in the markets, they are not reflected in the value of conserving natural resource stocks. In economic terminology, these are examples of market failures, and that is an outcome, which is not efficient in an economic sense. Here the inefficiency is caused because too very much of the polluting activity will be carried out, as the polluter will not take the interests of those adversely touch on by the contaminant into account. This has led to controversial research into measuring well being which tries to measure when pollution is actually starting to affect human health and general quality of life.