ENVIRONMENTAL ECONOMICS: BALANCING GROWTH AND SUSTAINABILITY

Authors

  • Dr. Ali Ahmed Department of Environmental Economics, Lahore University of Management Sciences (LUMS), Lahore, Pakistan. Author

Keywords:

Environmental Economics, Sustainable Development, Cost-Benefit Analysis, Externalities

Abstract

The modern world faces a pressing dilemma: reconciling the pursuit of economic growth with the need to protect the environment. This scholarly article delves into the field of environmental economics, exploring its theoretical frameworks, practical applications, and critical role in navigating the path towards sustainable development. Drawing on interdisciplinary insights from economics, ecology, and policy analysis, the article examines diverse topics – from cost-benefit analysis of environmental regulations to valuation of ecosystem services – to illustrate the complexities and possibilities of balancing economic activity with environmental well-being. Ultimately, the article argues that environmental economics offers a powerful toolkit for informing policy decisions, promoting resource efficiency, and fostering a future where economic prosperity and environmental sustainability go hand in hand.

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Published

2023-12-31

Issue

Vol. 7 No. 01 (2023): Journal of Applied Finance and Economic Policy

Section

Research Articles

License

Copyright (c) 2023 Dr. Ali Ahmed (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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