Some say you can’t put a price on the environment, but that’s exactly what environmental economists do. While traditional economics focuses solely on profits and financial gains, environmental economics aims to revolutionize our economic system by placing a value on the things that typically don't end up on the corporate bottom line. Some of these new considerations include energy consumption, environmental effects, and social outcomes. Environmental economists consider the hidden cost of production and development, revealing the true gains and losses of all our actions. Examples include: the implication of lost ecosystems, the true cost of disposable items from production to disposal, and the amount of energy and resources it takes to build a home.
Roles & Responsibilities:
You may be required to make recommendations about economic policy instruments (like carbon taxes or trading systems); research local, national, and international markets; perform environmental evaluations, or develop new economic models.
Environmental Understanding and Essential Skills:
Understanding: broad knowledge of environmental processes and economic principles, including life cycle analysis.
Skills: mathematics, research, analysis, communication, decision-making, organization, critical thinking.
Education and Recommended Courses:
University degrees in business, economics, or resource management are generally the minimum requirement. Courses in mathematics, calculus, economics, sociology, philosophy, and political science are all useful for this career.