Designing Incentives Regulation for the Environment

Michael Faure

in Global Environmental Commons

Published in print July 2012 | ISBN: 9780199656202
Published online September 2012 | e-ISBN: 9780191742149 | DOI:
Designing Incentives Regulation for the Environment

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This chapter provides an overview of legal and policy instruments that can be used to provide potential polluters with incentives for pollution abatement. The traditional law and economics literature as well as environmental economics are used to show how liability rules, safety regulation, environmental taxation, and emission trading all have specific advantages and disadvantages. It is therefore argued that environmental policy should look for optimal combinations (mixes) of a variety of policy instruments

Keywords: environmental policy; liability rules; environmental taxation; emission trading; regulation; command and control; interest groups

Chapter.  14636 words. 

Subjects: Economic Development and Growth

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