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This major annual publication is an authoritative state-of-the-art survey of current issues in environmental and resource economics written by the leading academics in the field.

The discipline of environmental and resource economics has undergone a rapid evolution over the past three decades with the early literature focusing mainly on valuation and the design of policy instruments to correct externalities and encourage optimal resource exploitation. In the past few years, the field has broadened its scope by making numerous links with other disciplines in economics as well as the natural and physical sciences. As a result there has been an explosion in the literature which has made it increasingly difficult to keep up with developments in the field. The Yearbook cuts through this by focusing on the principal issues of current interest. In this edition, experts in their specific field consider the problems of the monitoring and enforcement of environmental policy and examine possible voluntary approaches to environmental protection. Topics examined include policies to counter tropical deforestation, the analysis of transportation and environmental policy, models of climate change control, environmental labelling and the use of cost-benefit analysis.

The Yearbook will provide economists, scholars and practitioners working in environmental and resource economics with a comprehensive overview of the up-to-date issues written by the leading international scholars.