The study of the exploitation, sustainability, preservation and allocation of renewable natural resources is known as environmental economics. Environmental policies are a set of guidelines that organisations use to cope with specific environmental challenges. With  the increased potential dangers to our environment and the depletion of resources, which are mostly the result of anthropogenic activity, there is a need to develop specific regulations and policies that aid in the preservation of our world. As a result, environmental policies help to resolve major environmental challenges.

Environmental Economics and Policy helps us understand the economic implications of various policies by using an empirical and theoretical approach. This topic assists us in comprehending the effects of economic and political institutions on the management and sustainability of our natural resources.

It is very inter-disciplinary because it is related to and draws on other disciplines such as Economics, Natural Resource Management, Ecology and Sustainable Development to mention a few. Students are taught how to apply classroom knowledge to real-world environmental issues. They will also learn how to create and evaluate environmental policies. Students with a degree in Environmental Economics and Policy have numerous career options.

Study Levels:

This discipline encompasses the following academic levels:

• Bachelor of Science (B.Sc.) in Economics
• Bachelor of Science (B.Sc.) in Environmental Policy and Management
• Bachelor of Science (B.Sc.) in Environmental Policy
• Bachelor of Science (B.Sc.) in Environmental Sciences
• Bachelor of Science (B.Sc.) in Natural Resource Law Enforcement
• Bachelor of Science (B.Sc.) in Environmental Sciences and Policy
• Bachelor of Science (B.Sc.) in Environmental and Natural Resource Economics
• Master of Science (M.Sc.) in Economics
• Master of Science (M.Sc.) in Environmental Policy and Management
• Master of Science (M.Sc.) in Development Studies
• Master of Science (M.Sc.) in Environmental Sciences and Policy
• Master of Science (M.Sc.) in Environmental Sciences, Policy, and Management
• Master of Science (M.Sc.) in Environmental Management
• Master of Science (M.Sc.) in Environmental Policy
• Master of Science (M.Sc.) in Sustainability Studies
• Master of Business Administration (MBA) in Business Economics and Public Policy
• L.L.M. in Natural Resources and Environmental Law and Policy
• LL.B. in Natural Resources and Environmental Law and Policy
• M.Phil. in Economics and Finance
• PhD

Specialisation:

The following are the several areas of specialisation available within this discipline:

• Economics and Policy of Energy and The Environment
• Environmental and Natural Resource Economics
• Environmental Policy, Technology, and Health
• Environmental Sustainability, Law, and Policies
• Environmental Studies and Earth Sciences
• Urban and Environmental Policy and Planning
• Social Policy
• Agricultural, Food and Environmental Policy Analysis
• Global Environmental Economics
• Regional and Environmental Economics
• Environmental Policy and Governance
• Environmental Management for Business
• Environmental Strategy
• Anthropology and Environmental Policy
• International economic law business and Policy
• Public and International Affairs – Environmental Sustainability

 Employability:

As evidenced by the above mentioned list of specialisations, Environmental Economics and Policy provides students with a variety of employment prospects. Graduates can find work in a variety of industries around the world. Various government agencies and worldwide corporations hire Environmental Economics and Policy graduates to work with them providing enormous and exciting job options. The job options available in India are:

• Agriculture Conservation Specialist
• Climate Change Analysts
• Research Analyst
• Environmental Scientist
• Grant Specialist
• Environmental Reporting Specialist
• Sustainability Finance Associate

• Sustainability Consultant
• Environmental Economics Analyst
• Carbon Accounting Expert
• Investment Adviser
• Ocean Policy Analyst
• Environmental economics modeling managers
• Policy Manager
• Climate Change Strategy Consultant

The job roles for students pursuing environmental economics and policy abroad are:

• Chief Economist
• Environmental Compliance Inspectors
• Regulatory Affairs Specialists
• Risk Management Specialist
• Sustainability Specialist
• Ecological Economist
• Agricultural Economist
• Project Manager
• Environmental Consultant
• Resources Policy Advocate
• Environmental Auditor
• Energy Economist
• Environmental Economic Policy Analyst
• Policy Economist
• Research Analyst
• Marine Resource Economist
• Natural Resource Economist
• Principal Research Economist

Environmental Economist is recruited by organisations like:

• World Bank
• Ministry of Economic Affairs
• Asian Development Bank
• The United Nations Environment Programme
• National Council for Applied Research Economist
• The Energy and Research Institute
• Mc Kinsey and Company