ENVIRONMENTAL ECONOMICS (OIP),Environmental economics is one of the fastest growing branches of economic studies. This volume brings together several classic articles in the field on a wide range of topics such as externality, non-renewable resources, commons, valuation techniques, sustainability, poverty and environmental resource base, and environmental policy. An introductory paper on environmental policy deals with Indian environmental policy regime and addresses international environmental economic issues from the perspective of a developing country. The reader will interest students, researchers and policy-makers in the field of environment.