Environmental and Natural Resource Economics: A Contemporary Approach

The fifth edition of Environmental and Natural Resource Economics: A Contemporary Approach has been published by Routledge in November 2021. The new edition deals with the fast-changing economics of energy and climate, the rapid expansion of renewable energy, and issues of land management, as well as updating all data and presenting recent research on environmental issues.

The fifth edition is now available. Preview the latest edition with our free sample chapters.

Order the Fifth Edition from Routledge


For a free exam copy, please contact Routledge.

To access instructor-only teaching materials, including test banks, contact the Global Development and Environment Institute at Tufts University. Please indicate what course you teach and provide proof of your instructor status (e.g. a link to your bio).

Sample Chapters from the Fifth Edition: 

  • Table of Content
  • Chapter 2: Resources, Environment, and Economic Development
    • Updated information from the Global Environmental Outlook (GEO-6) Report on air, climate change, biodiversity, oceans, land, and water
    • Expanded treatment of chemicals and plastics pollution
    • Expanded discussion of policies for sustainable development
    • PowerPoint for Chapter 2
  • Chapter 11: Energy: The Great Transition
    • The chapter has been almost entirely rewritten to reflect recent energy developments
    • Data on the dramatic declines in the cost of solar and wind energy
    • New focus on energy inequality and the energy challenges of developing countries
    • New projections for “sustainable scenario” energy futures with decline in global demand
    • PowerPoint for Chapter 11

        Fourth Edition Materials and Sample Chapters:

        Updates on contemporary issues:

        • Cost-Benefit Analysis and the US Mercury and Air Toxic Standards
        • Hydraulic Fracturing in the United States
        • Global Biofuel Production
        • Scientists’ Warning on Global Ecosystems
        • Decarbonizing the Global Economy
        • The Water Crisis in California
        • Status of the World’s Groundwater Supplies
        • The Economic Value of the World’s Oceans
        • Leaving Fossil Fuels Unused to Meet Climate Targets
        • Accounting for Carbon Emission Externalities in U.S. Environmental Policy

        Changes to the Fourth Edition:

        • The former Chapter 6 on valuing the environment has been expanded to create a new Chapter 7 on cost-benefit analysis.
        • Revised chapter ordering: the chapter on Pollution Analysis and Policy becomes Chapter 8 to facilitate dealing with analytical material in the first half of the course.
        • Energy and Climate chapters expanded and reorganized to create a new section on “Energy, Climate Change, and Greening the Economy”, focusing on the rapid spread of renewable energy, the increased urgency of climate change and new policies to respond to it, including the Paris Agreement and recent Intergovernmental Panel on Climate Change reports, and addressing the broader questions involved in developing an economy compatible with environmental sustainability.
        • New, expanded and updated material on population, agriculture, forests, fisheries, water systems, and other major topics.

        Note that the chapter numbering has changed from the third edition.

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        “The book is simply great! It is really one of a kind. It fills an important need in the field, which will become more and more important in the future, no doubt – integrating standard environmental economics and ecological economics. The book is very clear, very informative, flows very well, and indeed is written as a very interesting and fascinating story. The students like it. The additional materials that come with the book are also very good. In short, job well done!”
        – Rafael Reuveny, School of Public and Environmental Affairs at Indiana University

        “An important achievement. This is a carefully crafted textbook that should appeal to students from the natural sciences, as well as those from economics and other social sciences. The text covers a number of important topics that most texts neglect, including agricultural sustainability, the relationship between trade and the environment, and the role of local and national institutions in promoting environment-friendly development. The tone of the book is formal yet friendly, and the layout of text, tables, and figures is top notch. Each chapter includes numerous useful links to material on the worldwide web. This book should prove popular with students and instructors alike.”
        – Gerald Shively, Purdue University

        “I think that you have written the perfect introductory text covering environmental and natural resource economics. The production is first-rate – very clear and uncluttered, excellent diagrams and examples, well thought out discussion questions and problems. The choice and sequence of topics is excellent and you have provided for the right balance between the neoclassical and ecological approaches. It is a most appealing text.”
        – Prof. Steven Kemp, Curtin University, Australia


        Cover for Microeconomics in Context, Third EditionThird Edition Materials and Sample Chapters

        Changes to the Third Edition
        The third edition of Environmental and Natural Resource Economics: A Contemporary Approach (M.E. Sharpe, 2013) maintains its essential focus on making environmental issues accessible to a broad range of students. New material in the third edition includes:

        • A new chapter on water economics including analysis of water demand management, water pricing, and water privatization
        • A new chapter on the relationship between environmental protection and the economy including analysis of decoupling output from resource and energy inputs, and policies to promote a green economy
        • New material on “green” national income accounting, including Adjusted Net Savings, the Genuine Progress Indicator, the Better Life Index, and environmental asset accounts
        • New scientific evidence on climate change and a new chapter on global climate change policy, including technological potential, abatement costs, and proposals for an Earth Atmospheric Trust and Greenhouse Development Rights

        All data series have been updated to reflect recent trends. New appendices have been added to chapters dealing with formal analysis, providing greater depth in analytical techniques.

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