Economics Environmental Externalities Questions
The role of environmental economics in promoting environmental justice is to analyze and address the economic implications of environmental externalities, such as pollution or resource depletion, on marginalized communities. Environmental economists study the costs and benefits associated with environmental degradation and propose policies and solutions that aim to achieve a fair distribution of environmental benefits and burdens. By considering the economic impacts of environmental issues, environmental economics helps identify and rectify environmental injustices, ensuring that all individuals, regardless of their socioeconomic status, have equal access to a clean and healthy environment.