Imagine nations and communities around the world taking into account environmental goods’ value when making business plans and investments. Imagine everyone adding to their equations the environmental cost that their decisions will result in. Imagine creating a system that makes caring for our planet a must, not an option. Here is how we can make these visions reality.
Environmental economics is a discipline that deals with negative externalities generated by the production of goods and services. These externalities have harmful effects on the environment and need to be addressed and reduced. Environmental economics’ main premise is that environmental goods, such as clean air and water, carry an economic value and need to be considered as a part of business strategies as well as tax systems