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EnvironmentalEconomics
andPolicy
Today’sAgendaGettoknoweachotherPHDDissertation:EnvironmentalInsuranceResearchAreas:EnvironmentalEconomics;EnergyEconomics;Sustainability;CSR;ESGIntroductiontothiscourse
ImportantThingstoKnowGradeswillbecalculatedasfollows:20% AttendanceandParticipation40% Exam40% CourseProjectTimelineforthegroupprojectPleasefinditinthesyllabus
EnvironmentalChallenges
EconomicGrowth
PopulationGrowth
EnvironmentalImpact
TheCausesofEnvironmentalPollutionareEconomicNewYorkTimes,1970
TheConsequencesofEnvironmentalPollutionTheConsequencesofEnvironmentalPollution
haveimportantEconomicDimensions1.Producer?Producer(steelproductionlaundryservices)2.Producer?Consumer(paperproductionrecreationalfishing)3.Consumer?Consumer(secondaryexposuretocigarettesmoke)4.Consumer?Producer(litteringinamovietheatre)Economicconsequences≥financialconsequencesEconomicsisnotthesameasaccounting
EconomicsisUsefulforAddressingEnvironmentalChallengesThecausesofenvironmentalproblems(inamarketeconomy)areeconomic.Theconsequencesofenvironmentalproblemshaveimportanteconomicdimensions.?Therefore,aneconomicperspectiveisessentialforUnderstandingenvironmentalproblemsAndthereforecanbeexceptionallyhelpfulforthedesignofsolutionsthatwillbeeffective,economicallysensible,andpoliticallypragmatic.
EvaluationofEnvironmentalDamagesDemandsEconomicTools?Youdrinkdirtywater:feelsickfortwodays,stayhomefromwork,goseethedoctor?Howshouldweeconomicallyvaluethedamagesofyourexposuretothispollution?1.Medicalcosts(whetherpaid,insured,or“free”)?2.Lostwages(reducedproductivity)?[OpportunityCost]3.Painandsuffering?“Pain-and-suffering”
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