Introduction: Economics and Environmental Degradation

Wolfgang Buchholz () and Dirk Rübbelke

Chapter 1 in Foundations of Environmental Economics, 2019, pp 1-12 from Springer

Abstract: Abstract This introductory chapter explains why economics has to play a central role in dealing with environmental problems and how environmental economics may serve as a valuable complement to natural 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 ecosystems 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 policy is needed to internalize the external effects caused by pollution.

Date: 2019
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DOI: 10.1007/978-3-030-16268-9_1

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