From Wikipedia, the free encyclopedia:
Environmental economics is a subfield of economics concerned with environmental issues (other usages of the term are not uncommon). In using standard methods of economics, it is distinguished from green economics which subsumes the nonstandard approaches to environmental problems, environmental science/environmental studies, or ecology. Quoting from the NBER Environmental Economics program:
[...] 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.
