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We are now entering the third decade of the 21st Century, and, especially in the last few years, the achievements made by researchers have been exceptional, leading to major advancements in the fast-growing field of environmental economics. Frontiers has organized a series of Research Topics to highlight the latest advancements in research across the field of environmental economics, with articles from the Associate Members of our accomplished Editorial Boards. This editorial initiative of particular relevance, led by Dr. Elena G. Popkova and Dr. Xunpeng Shi, Specialty Chief Editors of Economics of Climate Change, together with Dr. Rabindra Nepal, is focused on new insights, novel developments, current challenges, latest discoveries, recent advances, and future perspectives in the field of climate change economics. The Research Topic solicits brief, forward-looking contributions from the editorial board members that describe the state of the art, outlining, recent developments and majo