International Journal of Academic Multidisciplinary Research (IJAMR)   Year: 2022 | Volume: 6 | Issue: 5 | Page No.: 1-1 Environmental Economics Theories and Sustainable Use and Management of Ecosystem Services: An Application in Ethiopia Download PDF Shishay Kiros Weldegebriel, Gollagari Ramakrishna, Temesgen Disassa Marru Abstract: Environmental economics aims to ensure that ecosystems are recognized as major contributors to human well-being and economic growth goals. Ethiopia has a degraded and deteriorated environment. This is worsened by lack of implementation of environmental economics theories to mitigate the problems. This study is a qualitative research study, which mainly depends on document analysis and the observations and personal experiences of the authors. We explore and critically analyze the theories of the environmental economics and identify a relevant theory that suits for sustainable use and management of ecosystem in Ethiopia. The justification is provided using a systematic review of the theoretical literature regarding environmental protection. The study concludes that these theories are applicable and there are inspiring reasons for Ethiopia to adopt in order to protect the continuing degradation of ecosystem, ensuring socio-economic progress, creating equitable, just society and achieving sustainable development.