Moving to Markets in Environmental Regulation: Lessons from by Jody Freeman,Charles D. Kolstad

By Jody Freeman,Charles D. Kolstad

during the last decade, market-based incentives became the regulatory software of selection whilst attempting to resolve tough environmental difficulties. proof in their dominance will be visible in contemporary proposals for addressing worldwide warming (through an emissions buying and selling scheme within the Kyoto Protocol) and for amending the fresh Air Act (to upload a brand new emissions buying and selling platforms for smog precursors and mercury--the Bush administration's "Clear Skies" program). they're generally seen as extra effective than conventional command and keep an eye on law. This selection of essays takes a severe examine this query, and evaluates no matter if the guarantees of market-based rules were fulfilled.

Contributors placed forth the information that few regulatory tools are literally in basic terms market-based, or in simple terms prescriptive, and that either ways might be systematically undermined via insufficiently cautious layout and via mess ups of tracking and enforcement. All in all, the essays suggest destiny examine that not pits one form of method opposed to the opposite, yet in its place examines their interplay and compatibility. This e-book may still entice teachers in environmental economics and legislations, in addition to policymakers in govt enterprises and advocates in non-governmental organizations.

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