Pollution Economics

Pollution economics studies the costs and benefits associated with pollution and its control. It examines how harmful emissions impact health, the environment, and economies. Economists analyze the trade-offs between industrial growth and environmental quality, identifying solutions like taxes, regulations, or market-based approaches to reduce pollution. By assigning a monetary value to environmental damages, policymakers can create incentives for businesses to minimize their impact. Ultimately, pollution economics seeks to balance economic development with sustainable practices, ensuring a healthier planet while promoting economic welfare.