Resource and Energy Economics

Resource and Energy Economics studies how societies manage and allocate finite natural resources and energy sources. It analyzes the costs, benefits, and trade-offs involved in extracting, consuming, and conserving resources like minerals, water, and fossil fuels. The goal is to promote sustainable use while considering economic growth, technological innovations, environmental impacts, and policy decisions. By understanding these dynamics, policymakers and businesses can make informed choices that balance present needs with future availability and ecological health.