Environmental and Natural Resource Economics

Environmental and Natural Resource Economics examines how we use and manage the Earth's resources, like water, forests, and minerals, especially in developing economies. It studies the balance between economic growth and environmental protection, focusing on sustainable practices. This field looks at the costs and benefits of resource exploitation, pollution, and conservation, aiming to ensure that economic development does not harm the environment. By integrating ecological health into economic planning, it seeks to promote prosperity while preserving the planet for future generations.