"Economics for the Environment"

"Economics for the Environment" applies economic principles to understand and address environmental issues. It involves analyzing how society's choices—such as production, consumption, and policies—impact natural resources and ecosystems. The goal is to find efficient ways to conserve the environment, balance economic growth with ecological sustainability, and create incentives for protecting natural assets. This field helps identify costs and benefits of environmental actions, guiding decision-makers to implement solutions like pollution taxes, cap-and-trade systems, and sustainable resource management that promote long-term environmental health alongside economic well-being.