The theory of environmental policy - 2nd edition

At the same time, there has been growing interest at the policy level in the use o f transferable perm it systems for the attainm ent o f our environm ental standards. In the United States, the Environm ental Protection Agency has introduced the Em issions Trading Program for the regulation of a...

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Những tác giả chính: Baumol, William J., Oates, Wallace E.
Định dạng: Sách
Ngôn ngữ:English
Được phát hành: Cambridge University Press 2015
Truy cập trực tuyến:https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/57310
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Tóm tắt:At the same time, there has been growing interest at the policy level in the use o f transferable perm it systems for the attainm ent o f our environm ental standards. In the United States, the Environm ental Protection Agency has introduced the Em issions Trading Program for the regulation of air quality; this program allows polluters (subject to certain restrictions) to trade em issions entitlem ents. Environm ental econom ists have studied emissions trading and have, more generally, investigated the properties of a number of variants of transferable permit systems. From these efforts is em erging the exciting prospect of an effective system of market incentives for protection of the environment. Economists have long argued that economic incentives have an important role to play in environmental policy; there are now cases where such incentives are being embodied in actual environmental legislation.