Designed specifically for students of economics, business economics, and allied areas at the undergraduate and postgraduate level, this book includes specially contributed articles by acknowledged experts of the discipline from all over the world. It covers critical areas like theory of externalities and market failure, valuation and accounting of environmental impacts, economic instruments for industrial pollution and environmental resources, poverty and environmental degradation, and corporate environmental management. The book also explores how to make development more sustainable, micro economics for ecological sustainability, and environmental policy in open economies.

Introduction / Pushpam Kumar
The sustainomics transdisciplinary metaframework for making development more sustainable: applications to energy issues / Mohan Munasinghe
Valuation as part of micor economics for ecological sustainability / Peter Soderbaum
Methods for calculating the cost and benefits of encironmental change: a critical review / Clive L. Spash
Market based instruments for pollution abatement in India / M.N. Murty
Integrated environmental and economic accounting: framwork for a SNA satellite system / Peter Bartelmus, Carsten Stahmer and Jan van Tongeren
Formal models and practical measurement for greening the accounts / Kirk Hamilton
The standard welfare economics of policies affecting trade and the environment / Kym Anderson
General models of environmental policy and foreign trade / Karl W. Steininger
Partial equilibrium models of trade and the environment / Kerry Krutilla
Environmental management in business firm / Pushpam Kumar
Poverty and environment degradation: a review and analysis of the nexus / A.K. Duraiappah