Environmental Economics: A Very Short Introduction by Stephen Smith
Language: English | 2011 | ISBN: 0199583587 | 136 pages | MOBI | 0,69 MB
In this Very Short Introduction, Stephen Smith shows how the field of environmental economics looks at how economic activity and policy can affect the environment in which we live. The book discusses environmental issues including pollution control, reducing environmental damage, global climate change policies, questions about how we should balance environmental and economic considerations, and what form government policies should take. In recent years, Smith reveals, many economists have argued for greater use of incentives such as pollution charges and emissions trading rather than more traditional direct regulation of polluters. Including many illustrative case studies, this book offers an illuminating introduction to an exciting field of economics.
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rescriptive RegulationsIn a prescriptive approach, the government dictates specific measures to reduce environmental harm. For example, they may prohibit highly-polluting industries, or require certain emissions-controlling technologies.Market-based RegulationsMarket-based policies use economic incentives to encourage desired behaviors. For example, cap-and-trade regulations do not prohibit companies from pollution, but they place a financial burden on those who do. These incentives reward companies for reducing their emissions, without dictating the method they use to do so