Chemical & Process Engineering

Environmental Economist

SOC 19-3011.01 · ESCO 2631

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Role snapshot

Overview

Environmental Economists analyze the financial costs and benefits of environmental policies, carbon markets, and sustainability initiatives. They apply economic principles to environmental issues, building complex economic models, publishing research, and advising governments, non-profits, or corporations on green investment strategies, resource management, and policy design. Their work informs decisions aimed at balancing economic growth with environmental protection.

Informs critical decisions on environmental policy, resource allocation, and sustainable development, contributing to a healthier planet and more efficient use of natural resources.

On the job

  • Develop and apply economic models to evaluate environmental impacts and policy effectiveness
  • Conduct cost-benefit analyses for environmental regulations, conservation projects, and climate change mitigation strategies
  • Research and publish findings on topics such as carbon pricing, ecosystem services valuation, and sustainable resource management
  • Advise government agencies, international organizations, or private companies on environmental policy and investment decisions
  • Collect and analyze data related to environmental markets, resource use, and economic behavior
Environmental Economist at work

Tools & technology

RPythonStataMATLABGIS softwareMicrosoft Excel

Average salary

$110K
MEDIAN SALARY Annual · USD
$75K Bottom 10%
$150K Top 10%

Job outlook

Growing

Job growth is expected to be above average over the next five years.

Education & training

Typically requires a master's or Ph.D. in economics, environmental economics, public policy, or a related quantitative field.

Career pathways

WHERE YOU COULD GO

Senior Environmental Economist
Environmental Policy Advisor

CURRENT ROLE

Environmental Economist

Chemical & Process Engineering

ADJACENT MOVES

Economic Consultant (Environmental focus)
Data Scientist
Junior Economist
Research Assistant
Data Analyst

STARTING POINTS

Who thrives here

Interest profile

I

investigative · IEC

Individuals who possess a strong intellectual curiosity, enjoy complex problem-solving through data and models, and are adept at influencing decisions with evidence-based arguments are well-suited for this role.

Personality characteristics

Intellectually Curious

Driven by a deep desire to understand complex systems and continuously learn new analytical techniques and environmental issues.

Methodical Analyst

Approaches problems with a systematic, precise, and highly organized mindset, ensuring accuracy in data and models.

Data-Driven

Relies on evidence and quantitative analysis to form conclusions and recommendations, rather than intuition.

Diplomatic Communicator

Able to present complex economic findings clearly and persuasively to diverse stakeholders, often with differing priorities.

Resilient

Maintains composure and focus when facing challenging data, conflicting policy views, or extended research projects.

Best for

  • Individuals passionate about applying economic principles to solve environmental challenges
  • Those who thrive on rigorous research, data analysis, and translating complex findings into actionable insights

Watch out for

  • Requires advanced quantitative skills and continuous learning of economic theories and software
  • Can involve navigating political sensitivities when advising on environmental policy

A week in the life

A representative working week for a Environmental Economist — where the deep work, meetings, and admin actually land.

8am9am10am11am12pm1pm2pm3pm4pm5pm6pm
Mon
Review current environmental policy briefs
Team meeting: project updates and strategy
Develop economic model for carbon pricing impact
Tue
Data collection and cleaning for resource valuation study
Draft section of research paper on ecosystem services
Consultation with environmental scientists
Wed
Analyze econometric results using R/Stata
Prepare presentation for government agency
Internal review of policy recommendations
Thu
Refine economic models based on new data
Client meeting: present findings on green investment strategies
Fri
Literature review for new research proposal
Mentoring junior analysts
Administrative tasks and professional development
Deep work Meeting External Social Admin

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