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This volume addresses cutting edge issues in the rapidly developing field of environmental and natural resource economics. It comprises a series of specially commissioned papers by a cross-section of authors, ranging from well-established scholars to rising talent. The papers are centred around three key themes; the economics of pollution control, resource economics, and valuation. Within these broad areas, the topical issues discussed include non-point pollution control, voluntary approaches to pollution control, carbon taxes and carbon trading, international environmental agreements, the economics of rainforest loss, and choice modelling approaches to environmental valuation. The collection as a whole demonstrates that, while environmental and natural resource economics enters the twenty-first century in good form, there are still many challenges to be met. It should stimulate students, researchers and policy-makers to further discussion and action.