Environmental Economics deals with the exploitation, sustainability, preservation, and allocation of renewable natural resources. Environmental policies are the set of rules that organisations implement in order to deal with certain environmental issues. With the increase of potential threats to our environment and the depleting resources, which are largely a product of anthropogenic activities, there arises a need to formulate certain rules and policies that aid in preserving our planet. Environmental policies thus, contribute to addressing significant environmental concerns.
Environmental Economics and Policy assists us in comprehending the economic impacts of various policies through an empirical approach and theoretical approach. This subject area helps us in understanding the impacts of economic and political institutions that affect the management and sustainability of our natural resources.

It is highly inter-disciplinary since it is closely related to and draws from other disciplines like Economics, Natural Resource Management, Ecology, and Sustainable Development to name a few. Students are taught how to apply what they learn in the classroom to real-world environmental problems. They also learn how to design and assess environmental policies. Career opportunities are tremendous for students who have a degree in Environmental Economics and Policy.