Environmental economics

{
  "id": "MLC-T-ENV-009739",
  "term": "Environmental economics",
  "field": "Environment",
  "definition": "1. A subfield of economics that undertakes theoretical or empirical studies of the economic effects of national or local environmental policy. Particular issues addressed include the benefits and costs of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste and global warming.\n\n2. A branch of economics that studies the economic impact of environmental policies and uses economic analysis to inform environmental decision-making, as in the cost-benefit evaluation of environmental protection.",
  "subject": "Fields of study",
  "references": [
    "adapted from: National Bureau of Economic Research; Core Ecosystem Services Research Program Standard Lexicon",
    "USDA National Agricultural Library Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/environmental-economics/"
}