Environmental Economics is a branch of economics that studies the economic impacts of environmental policies and regulations. It examines how environmental policies and regulations affect the production and consumption of goods and services, and how they affect the distribution of costs and benefits among different groups. It also looks at how environmental policies and
Environmental economics is a sub-field of economics concerned with environmental issues. It has become a widely studied subject due to growing environmental concerns in the twenty-first century. Environmental economics "undertakes theoretical or empirical studies of the economic effects of national or local environmental policies around the world. Particular issues include the costs and benefits of alternative environmental policies to deal with air pollution, water quality, toxic substances, solid waste, and global warming."