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Synopsis Development has a tough price to pay. The building of dams, reservoirs, nuclear reactors, industrial plants and installations are not without unattendant costs. They lead to destruction of habitat of various flora and fauna, they lead to ecological imbalance, destruction of food chain, global warming, acid rain, depletion of genetic resources of a region, and destruction of biodiversity. There is nowadays a growing awareness about all these in the developed and developing countries. Every country is trying hard to preserve its natural and ecological wealth, its biodiversity, precious coastal ecosystem, its wetland, its riverine ecosystem, the scenic grandeur and the genetic resources. Thus a new concept of economic growth and development has been developed, that is to develop and industrialising without disturbing all the abovesaid resources of a country or region. Economic development along with eco-conservation is the new mantra. This book explores the possibilities of economic development while preserving the natural resources, and polluting less than usual the soil, air and water of a region. Its various chapters discuss the various facets of environmental economics in great detail, topics like biodiversity and developing countries, legal and policy framework to preserve the fragile ecological balance, international trade and the environment, the global threat perception leading to ecological disaster all has been dealt in detail to enlighten the readers. It is hoped that this book will fulfil a great void in the field of environmental economics and the economic development. This books is meant for all those interested in environmental studies, and the various agencies working for environmental preservation and conservation.