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Environmental economics is the science which is aimed to show to the businessmen that they activity causes harm to the nature and people as the part of the environment. Furthermore, if environmental issues are integrated into economics, it would be impractical to ruin the nature, because they make money on the healthy environment. The issue is quite complicated and thought provoking and the student has the right to prepare a good term paper which would explain the idea of environmental economics and discuss its major aspects in detail. It is important to mention the structure, methods, factors, functions and aims of environmental economics to research the problem efficiently.
On the other hand, rich countries, having sufficient financial, technological and professional human resources, are more concerned about the effective use of these resources. Unquestionably, they can fully control the use of funds they spend on the solution of international environmental problems on their own territory in terms of some international programs. Obviously, they can help either financially or technologically poor countries, but this is where the major problems begin. In fact, often it is quite difficult to trace the way the financial help, for instance, was used by the government of a developing country, or any organization in this country. Anyway, there is the risk that financial or even technological help would be misused or simply stolen out. At the same time, environmental protection is really expansive and needs a lot of funds. In fact, the more developed the country is the more expansive is the environmental protection. In this respect, it is possible again to refer to the refusal of the US to sign the Kyoto Protocol because it is obvious that the fulfillment of its norms will lead to enormous financial losses of American company as well as federal budget (Smith 2004). As a result, developed countries are more concerned on the effective governance of the fulfillment of existing international treaties, agreements, and programs since it is mainly developed countries that pay for the environmental protection worldwide.
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No wonder that poor and rich countries also argues about the possible ways of solving international environmental problems. For instance, at the Rio Conference of 1992, poor developing countries emphasized development and global equity concerns while the rich industrialized countries emphasized issues related to international governance of environment (Smith 2004). Naturally, the difference in the position of poor and rich countries can be logically explained. Obviously, developing countries, being economically poor, realize that they have a bunch of socio-economic problems which, at the present moment, are much more significant and important than environmental ones. Consequently, they would rather focus on the solution of socio-economic problems than on environmental ones. Moreover, even if they are willing to solve environmental problems, they, as it has been just mentioned above, do not have either financial or technological resources to solve them. As a result, they naturally appeal to the international community, notably to rich countries, hoping from international support in their efforts of solving environmental problems in terms of international treaties, for instance.