Environmental Markets: A New Asset Class
176 Pages Posted: 9 Jun 2015 Last revised: 10 Jun 2015
Date Written: January 1, 2014
Population growth, industrialization, and urbanization in the past 200 years have resulted in local, national, and global pollution of our environment. Markets, when designed properly, can be a powerful agent to combat this pollution. Environmental finance is thus the art and science of using economic incentives, financial tools, and market mechanisms to achieve desired environmental outcomes.
Keywords: Environmental Markets
JEL Classification: G1, G2
Suggested Citation: Suggested Citation