Environmental economics is a sub-field of economics concerned with environmental issues. It has become a widely studied subject due to growing environmental concerns in the twenty-first century. Environmental economics "undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. ... Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming."
Ecological economics, bioeconomics, ecolonomy, eco-economics, or ecol-econ is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolution of human economies and natural ecosystems, both intertemporally and spatially. By treating the economy as a subsystem of Earth's larger ecosystem, and by emphasizing the preservation of natural capital, the field of ecological economics is differentiated from environmental economics, which is the mainstream economic analysis of the environment. One survey of German economists found that ecological and environmental economics are different schools of economic thought, with ecological economists emphasizing strong sustainability and rejecting the proposition that physical (human-made) capital can substitute for natural capital.
Genuine progress indicator (GPI) is a metric that has been suggested to replace, or supplement, gross domestic product (GDP). The GPI is designed to take fuller account of the well-being of a nation, only a part of which pertains to the size of the nation's economy, by incorporating environmental and social factors which are not measured by GDP. For instance, some models of GPI decrease in value when the poverty rate increases. The GPI separates the concept of societal progress from economic growth.
The Kuznets curve expresses a hypothesis advanced by economist Simon Kuznets in the 1950s and 1960s. According to this hypothesis, as an economy develops, market forces first increase and then decrease economic inequality. Although it has been criticized, the Kuznets curve has appeared to be consistent with experience.
Sir Partha Sarathi Dasgupta is an Indian-British economist who is Frank Ramsey Professor Emeritus of Economics at the University of Cambridge, United Kingdom, and a fellow of St John's College, Cambridge.
Environmental policy is the commitment of an organization or government to the laws, regulations, and other policy mechanisms concerning environmental issues. These issues generally include air and water pollution, waste management, ecosystem management, maintenance of biodiversity, the management of natural resources, wildlife and endangered species. For example, concerning environmental policy, the implementation of an eco-energy-oriented policy at a global level to address the issues of global warming and climate changes could be addressed. Policies concerning energy or regulation of toxic substances including pesticides and many types of industrial waste are part of the topic of environmental policy. This policy can be deliberately taken to influence human activities and thereby prevent undesirable effects on the biophysical environment and natural resources, as well as to make sure that changes in the environment do not have unacceptable effects on humans.
Simon Asher Levin is an American ecologist and the James S. McDonnell Distinguished University Professor in Ecology and Evolutionary Biology and the director of the Center for BioComplexity at Princeton University. He specializes in using mathematical modeling and empirical studies in the understanding of macroscopic patterns of ecosystems and biological diversities.
Elhanan Helpman is an Israeli economist who is currently the Galen L. Stone Professor of International Trade at Harvard University. He is also a Professor Emeritus at the Eitan Berglas School of Economics at Tel Aviv University. Helpman is among the thirty most cited economists in the world according to IDEAS/RePEc.
Gene Michael Grossman is an American economist who is the Jacob Viner Professor of International Economics at Princeton University. He is known for his research on international trade, in large part focusing on the relationship between economic growth and trade and the political economy of trade policy. He is also known for his work on the environmental Kuznets curve.
James J. Kay was an ecological scientist and policy-maker. He was a respected physicist best known for his theoretical work on complexity and thermodynamics.
Jordi Galí is a Spanish macroeconomist who is regarded as one of the main figures in New Keynesian macroeconomics today. He is currently the director of the Centre de Recerca en Economia Internacional at Universitat Pompeu Fabra and a Research Professor at the Barcelona Graduate School of Economics. After obtaining his doctorate from MIT in 1989 under the supervision of Olivier Blanchard, he held faculty positions at Columbia University and New York University before moving to Barcelona.
The Economics of Ecosystems and Biodiversity (TEEB) was a study led by Pavan Sukhdev from 2007 to 2011. It is an international initiative to draw attention to the global economic benefits of biodiversity. Its objective is to highlight the growing cost of biodiversity loss and ecosystem degradation and to draw together expertise from the fields of science, economics and policy to enable practical actions. TEEB aims to assess, communicate and mainstream the urgency of actions through its five deliverables—D0: science and economic foundations, policy costs and costs of inaction, D1: policy opportunities for national and international policy-makers, D2: decision support for local administrators, D3: business risks, opportunities and metrics and D4: citizen and consumer ownership.
Jeffrey Gale Williamson is the Laird Bell Professor of Economics (Emeritus), Harvard University; an Honorary Fellow in the Department of Economics at the University of Wisconsin (Madison); Research Associate at the National Bureau of Economic Research; and Research Fellow for the Center for Economic and Policy Research. He also served (1994–1995) as the president of the Economic History Association. His research focus is and has been on comparative economic history and the history of the international economy and development. Economist Hilary Williamson Hoynes is his daughter.
Tim Jackson is a British ecological economist and professor of sustainable development at the University of Surrey. He is the director of the Centre for the Understanding of Sustainable Prosperity (CUSP), a multi-disciplinary, international research consortium which aims to understand the economic, social and political dimensions of sustainable prosperity. Tim Jackson is the author of Prosperity Without Growth and Material Concerns (1996). In 2016, he received the Hillary Laureate for exceptional mid-career Leadership. His most recent book Post Growth—Life After Capitalism was published in March 2021 by Polity Press.
The Princeton Series in International Economics is a book series published by Princeton University Press. The series editor is Gene Grossman. The series was created in 2003.
Carl Folke, is a trans-disciplinary environmental scientist and a member of the Royal Swedish Academy of Sciences. He is a specialist in economics, resilience, and social-ecological systems, viewing such systems as intertwined and potentially unexpected in their interactions. As a framework for resource management, this perspective brings important insights to environmental management, urban planning, and climate adaptation. He suggests ways to improve our ability to understand complex social-ecological interactions, deal with change, and build resilience, often working at smaller scales as a step towards addressing larger scales.
Jeroen Cornelis Johannes Maria van den Bergh is an environmental economist of Dutch origin. As of January 2015 he was ICREA Research Professor at Universitat Autònoma de Barcelona and deputy director for Research of its Institute of Environmental Science and Technology, and professor of Environmental and Resource Economics at VU University Amsterdam.
Ahmed Mushfiq Mobarak is a Bangladeshi economist and a professor of economics at Yale University. He is a co-chair of the Abdul Latif Jameel Poverty Action Lab's (J-PAL) Urban Services Initiative and its Environment and Energy sector, as well as the lead academic for Bangladesh at the International Growth Centre (IGC). His research interests concentrate on environmental issues in developing countries.
Clive L. Spash is an ecological economist. He currently holds the Chair of Public Policy and Governance at Vienna University of Economics and Business, appointed in 2010. He is also Editor-in-Chief of the academic journal Environmental Values.
