Advances in Environmental Economics: Analysis and Modelling

This paper gives a concise overview of environmental-economic analysis. Important issues and modern developments in the field are surveyed in a systematic way. Next, the concept of sustainable development is discussed, as it has dominated environmental economics for almost a decade now. In addition, the issue of modelling the interface of the economy and the natural environment making use of material balance conditions is examined. The paper concludes with a consideration of issues of uncertainty in policy analysis and forecasting with particular reference to scenario analysis.