Environmental Economics in India
1. Air and Water Pollution: In India factories, cities, and agriculture pollution are among the major sources of pollution there. Ecological economists analyze how these kinds of pollution influence health and productivity, and they supply ideas such as tax polluters or the trading system to be decreased.
2. Natural Resource Management: India uses its forests, water, and minerals too much as the rate exceeds the extraction capacity. Environmental economists have a particular focus on the interactions between the economy and the environment. Economists are interested in determining the value of these natural resources and how to use them effectively by doing so.
3. Climate Change Mitigation and Adaptation: Climate change has been accelerating the unstable weather and the rise of sea levels across the world – we all are affected by this. Environmental economists look into the amount of money these changes carry and, on the contrary, how we could both lower this amount by reducing the emissions and adapting to the change.
4. Rural and Urban Development: The economists of the environment are busy exploring the topics of natural resource distribution and human residents, such as farmers and citizens, that utilize them. They support approaches directed at the formation of public services and infrastructure, and environmental protection from being harmed during the development process.
5. Environmental Governance and Institutions: Effective rules and structures should be created to ensure the environment is safeguarded. Environmental economists investigate whether these institutional arrangements and governance mechanisms function well submit their performance and look for ways to improve them such as by doing research and looking at the evidence.