Environmental economics undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming.
The environmental economics group conducts research on policy instruments, both nationally and globally. The research also has a focus on the management and valuation of natural resources and ecosystems, individual behavior, energy, climate, forestry, fisheries, air pollution, and water.
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