Allied Journal of Environmental Earth Sciences

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Allied Journal of Environmental Earth Sciences 44 7897 074717

Environmental-Economics-Online-Journals

Environmental economics is an area of economics that studies the financial impact of environmental policies. Environmental economists perform studies to determine the theoretical or empirical effects of environmental policies on the economy. This field of economics helps users design appropriate environmental policies and analyze the effects and merits of existing or proposed policies. Environmental economists are concerned with identifying specific problems to be rectified, but there can be many approaches to solving the same environmental problem. If a state is trying to impose a transition to clean energy, for example, they have several options. The government can impose a forcible limit on carbon emissions, or it can adopt more incentive-based solutions, like placing quantity-based taxes on carbon emissions or offering tax credits to companies that adopt renewable power sources.

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