The tools of environmental economics guide policymakers as they weigh development against nature, present against future, and certain benefits against uncertain consequences. The policies and research findings explained in this textbook are relevant to decisions made daily by individuals, firms, and governments. This textbook offers instructors and students a user-friendly, relevant, and up-to-date introduction to these topics while covering recent advancements in the field and significant political and economic changes.

The book has been thoroughly updated while retaining the story-based narratives and visual emphasis of previous editions, capturing students’ attention with full-color photos, graphs, and illustrations. This sixth edition includes:

• updated coverage of international environmental regulations, the effects of the COVID-19 pandemic on the environment, the effects of war on the environment, recent environmental summits and agreements, the evolving energy and transportation sectors, and trailblazing policies and research
• expanded coverage of environmental issues and approaches in underrepresented countries and continents
• new discussions of EV batteries, populist leaders, carbon leakage, food waste, and ecological resilience
• revised digital supplements, including a solutions guide, PowerPoints, and sample tests.

Environmental Economics and Natural Resource Management promotes environmental and economic literacy with policy-oriented, application-based content delivered in concise, accessible discussions. Through its engaging approach, the text brings the economic way of thinking into discussions of personal, community, corporate, and government activities that affect environmental assets and the quality of life.