This is the first book combining research on the Global Environment, Catastrophic Risks and Economic Theory and Policy. Modern economic theory originated in the middle of the twentieth century when industrial expansion coupled with population growth led to a voracious use of natural resources...

Contents: Introduction -- section I: The political economy of climate change and climate policy -- 1. Distributional issues in climate policy: Air quality co-benefits and carbon rent / James K. Boyce -- 2. Evaluating policies to implement the Paris Agreement: A toolkit with application to China...

As human societies grapple with the scarcity of environmental resources—clean water, biodiversity, and atmospheric quality—environmental markets will achieve an important role in the global economy. Along with markets for knowledge, they may become the most important institutions in the...