UBC Press Markets and the Environment, Second Edition book Paperback 328 pages

A clear grasp of economics is essential to understanding why
environmental problems arise and how we can address them. The authors
provide a concise yet thorough introduction to the economic theory of
environmental policy and natural resource management. They begin with
an overview of environmental economics before exploring topics
including cost-benefit analysis, market failures and successes, and
economic growth and sustainability. Particular attention is paid to
behavioral economics and cap-and-trade programs for carbon.

Nathaniel Keohane is a vice president at
the Environmental Defense Fund, where he leads EDF’s
International Climate program and helps to shape the
organization’s advocacy for environmentally effective and
economically sound climate policy.
Sheila Olmstead joined the Lydon B. Johnson School
of Public Affairs at the University of Texas at Austin as an associate
professor of public affairs in 2013.