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Economics and Environmental Degradation

In: Foundations of Environmental Economics

Author

Listed:
  • Wolfgang Buchholz

    (University of Regensburg
    CESifo)

  • Christiane Reif

    (Landshut University of Applied Sciences)

  • Dirk Rübbelke

    (TU Bergakademie Freiberg)

Abstract

This chapter explains why economics has to play a central role in dealing with environmental problems and how environmental economicsEnvironmental economics may serve as a valuable complement to natural sciencesNatural sciences in finding solutions to environmental challenges. In particular, it is expounded how economic processes are generically embedded in ecological cycles and how pollution has serious effects on ecosystemsEcosystem and human well-being. This chapter then describes that the market system usually fails to address environmental problems in an adequate way so that environmental policyEnvironmental policy is needed to internalize the external effectsExternal effects caused by pollution.

Suggested Citation

  • Wolfgang Buchholz & Christiane Reif & Dirk Rübbelke, 2024. "Economics and Environmental Degradation," Springer Texts in Business and Economics, in: Foundations of Environmental Economics, edition 0, chapter 0, pages 1-22, Springer.
    • Handle: RePEc:spr:sptchp:978-3-031-63481-9_1
    DOI: 10.1007/978-3-031-63481-9_1
    as

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