ENVIRONMENTAL ECONOMICS

A study and critical analysis of environmental economics calls for developing a deeper understanding about various environmental factors, their influence on the economy, their functions upon the environment, and their impacts upon the life of the people on the planet, belonging to the present and future generations. In recent times, the conventional concept of Environmental economics is fast changing and opening up, thus giving ways to more inclusive elements of environmental sciences, such as ecological economies, natural resources management, biodiversity preservation, pollution control, global climate economies, climate governance, environmental regulations and audit, energy conservation, emissions trading, eco-labelling and carbon foot-printing.