for better understanding this correlation between a country's GDP and its environmental quality involves analyzing how many of the central concepts of environmental economics, including market failures, externalities, and willingness to pay, may be complicated by the particular problems facing developing countries, such as political issues, lack of infrastructure, or inadequate financing tools, among many others. In the field of law and economics, environmental law is studied from an economic perspective. The economic analysis of environmental law studies instruments such as zoning, expropriation, licensing, third party liability, safety regulation, mandatory insurance, and criminal sanctions. A book by Michael Faure (2003) surveys this literature. Professional bodies The main academic and professional organizations for the discipline of Environmental Economics are the Association of Environmental and Resource Economists (AERE) and the European Association for Environmental and Resource Economics (EAERE). The main academic and professional organization for the discipline of Ecological Economics is the International Society for Ecological Economics (ISEE). The main organization for Green Economics is the Green Economics Institute. See also Agroecology Carbon fee and dividend Carbon finance Carbon negative fuel Circular economy Earth Economics (policy think tank) Eco-capitalism Eco commerce Economics of global warming Ecometrics Eco-Money Eco-socialism Ecosystem Marketplace Ecotax Energy balance Environmental accounting Environmental economists (category) Environmental credit crunch Environmental enterprise Environmental Investment Organisation Environmental pricing reform Environmental tariff Fair trade Fiscal environmentalism Free-market environmentalism Green banking Green libertarianism Green syndicalism Green trading ISO 14000 (environmental standards) List of scholarly journals in environmental economics Natural capital Natural resource Natural resource economics Principles of ecopreneurship Property rights (economics) Renewable resource Risk assessment Strategic Sustainable Investing (SSI) Systems ecology World Ecological Forum Hypotheses and theorems Coase theorem Porter hypothesis Notes References Allen V. Kneese and Clifford S. Russell (1987). "environmental economics," The New Palgrave: A Dictionary of Economics, v. 2, pp. 159–64. Robert N. Stavins (2008). "environmental economics," The New Palgrave Dictionary of Economics, 2nd Edition. Abstract & article. Maureen L. Cropper and Wallace E. Oates (1992). "Environmental Economics: A Survey," Journal of Economic Literature, 30(2), pp. 675-740(press +). Tausch, Arno, ‘Smart Development’. An Essay on a New Political Economy of the Environment (March 22, 2016). Available at SSRN: https://ssrn.com/abstract=2752988 or https://dx.doi.org/10.2139/ssrn.2752988 UNEP (2007). Guidelines for Conducting Economic Valuation of Coastal Ecosystem Goods and Services, UNEP/GEF/SCS Technical Publication No. 8. UNEP (2007). Procedure for Determination of National and Regional Economic Values for Ecotone Goods and Services, and Total Economic Values of Coastal