Synopsis The present book is designed to touch almost every important aspect of environmental economics. The book contains valuable contributions of resource persons as well as teacher participants in the sphere of the most innovative theme on the nature and dimensions of environmental economics. The book contains altogether twenty-three papers divided into six parts. Thus, the book is planned to aim at an exhaustive treatment of almost all the leading aspects of environmental economics. It will generate greater interest among the academicians, researchers and policy-makers in finding some practical answer to the nature and dimensions, fact and interpretation and, above all, the crisis and response to the main components of environmental degradation and sustainable development.