Tom Tietenberg has written the ideal book for a policy-oriented course in environmental economics, accessible to both non-majors and majors. He begins with a brief introduction to the core theory, and then offers a series of self-contained policy chapters that allow professors great flexibility when planning their course. With an overhaul of the applications, a new Debate feature that highlights today Integration of the latest environmental research such as renewable portfolio standards, the role of hydrogen as a fuel source, and the impact of electrical deregulation Increased international focus, including coverage of the economic cost of the Kyoto Protocol, the Prototype Carbon Fund of the World Bank, and Sweden's nitrogen oxide charge Interdisciplinary discussions that incorporate insights from other disciplines such as, literature, history, and the natural, physical and political science