Market-based Approaches to Environmental Regulation

Market-based Approaches to Environmental Regulation

Author: Ted Gayer

Publisher: Now Publishers Inc

Published: 2006

Total Pages: 140

ISBN-13: 1933019379

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Market-based Approaches to Environmental Regulation reviews the economics literature of market-based environmental regulations and design issues for environmental taxes and cap-and-trade systems. It begins by reviewing the economics literature on the theory of market-based environmental regulations. It then goes on to cover design issues for environmental taxes and cap-and-trade systems. Market-based Approaches to Environmental Regulation also discusses the U.S. experience with a number of regulatory approaches that are commonly characterized as market-based and describes the mix of market and non-market instruments that characterize these policies. Market-based Approaches to Environmental Regulation will be of interest to all researchers and practitioners in the field of environmental regulation.


Markets, the State, and the Environment

Markets, the State, and the Environment

Author: Robyn Eckersley

Publisher: Macmillan Education AU

Published: 1995

Total Pages: 332

ISBN-13: 9780732930967

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A reference book consisting mainly of revised versions of selected papers presented at a workshop on 'Bureaucracy, Markets and the Environment', held in October 1992 at Monash University. Critically examines the range of tools for environmental protection available to governments. Provides a set of principles and recommendations to guide environmental policy makers and various contributors assess the various instruments for environmental protection against a range of criteria. Considers developments in environmental management in Europe, US and Australia. Includes an index. The author has also written 'Environmentalism and Political Theory'.


Environmental Regulation and Market Power

Environmental Regulation and Market Power

Author: Emmanuel Petrakis

Publisher: Edward Elgar Publishing

Published: 1999

Total Pages: 296

ISBN-13:

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Emissions taxes, tradeable emission permits and voluntary compliance policies are becoming the instruments of choice in controlling environmental problems at the national and international level. This text uses research in order to appraise their efficiency in varying market conditions.


Markets and the Environment, Second Edition

Markets and the Environment, Second Edition

Author: Nathaniel O. Keohane

Publisher: Island Press

Published: 2016-01-05

Total Pages: 328

ISBN-13: 1610916077

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"A clear grasp of economics is essential to understanding why environmental problems arise and how we can address them. ... Now thoroughly revised with updated information on current environmental policy and real-world examples of market-based instruments .... The authors provide a concise yet thorough introduction to the economic theory of environmental policy and natural resource management. They begin with an overview of environmental economics before exploring topics including cost-benefit analysis, market failures and successes, and economic growth and sustainability. Readers of the first edition will notice new analysis of cost estimation as well as specific market instruments, including municipal water pricing and waste disposal. Particular attention is paid to behavioral economics and cap-and-trade programs for carbon."--Publisher's web site.


Environmental Commodities Markets and Emissions Trading

Environmental Commodities Markets and Emissions Trading

Author: Blas Luis Pérez Henríquez

Publisher: Routledge

Published: 2013

Total Pages: 298

ISBN-13: 1617260940

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Market-based solutions to environmental problems offer great promise, but require complex public policies that take into account the many institutional factors necessary for the market to work and that guard against the social forces that can derail good public policies. Using insights about markets from the new institutional economics, this book sheds light on the institutional history of the emissions trading concept as it has evolved across different contexts. It makes accessible the policy design and practical implementation aspects of a key tool for fighting climate change: emissions trading systems (ETS) for environmental control. Blas Luis Pérez Henríquez analyzes past market-based environmental programs to extract lessons for the future of ETS. He follows the development of the emissions trading concept as it evolved in the United States and was later applied in the multinational European Emissions Trading System and in sub-national programs in the United States such as the Regional Greenhouse Gas Initiative (RGGI) and California's ETS. This ex-post evaluation of an ETS as it evolves in real time in the real world provides a valuable supplement to what is already known from theoretical arguments and simulation studies about the advantages and disadvantages of the market strategy. Political cycles and political debate over the use of markets for environmental control make any form of climate policy extremely contentious. Pérez Henríquez argues that, despite ideological disagreements, the ETS approach, or, more popularly, 'cap-and-trade' policy design, remains the best hope for a cost-effective policy to reduce GHG emissions around the world.


Pollution Under Environmental Regulation in Energy Markets

Pollution Under Environmental Regulation in Energy Markets

Author: Francesco Gullì

Publisher: Springer Science & Business Media

Published: 2012-12-14

Total Pages: 124

ISBN-13: 1447147278

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Pollution Under Environmental Regulation in Energy Markets provides a study of environmental regulation when energy markets are imperfectly competitive. This theoretical treatment focuses on three relevant cases of energy markets. First, the residential space heating sector where hybrid regulation such as taxation and emissions trading together are possible. Second, the electricity market where transactions are organized in the form of multi-period auctions. Third, namely natural gas (input) and electricity (output) markets where there is combined imperfect competition in vertical related energy markets. The development of free or low carbon technologies supported by energy policies, aiming at increasing security of supply, is also explored whilst considering competition policies that reduce market power in energy markets thus improving market efficiency. Pollution Under Environmental Regulation in Energy Markets discusses the key issues of whether imperfect competition can lessen the ability of environmental policy to reduce pollution and/or to minimize the cost of meeting environmental targets. Policymakers, analysts and researchers gain a thorough understanding of the performance of environmental policy from Pollution Under Environmental Regulation in Energy Markets leading to better design of simulation models of performance and costs of environmental regulation.


Environmental Regulation Through Financial Organisations:Comparative Perspectives on the Industrialised Nations

Environmental Regulation Through Financial Organisations:Comparative Perspectives on the Industrialised Nations

Author: Benjamin Richardson

Publisher: Kluwer Law International B.V.

Published: 2002-02-13

Total Pages: 418

ISBN-13: 9041117350

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This book takes a comparative perspective of practice in the European Union, North America, Japan and Australasia, arguing that existing legal reforms to promote sustainable development are unlikely to be successful unless environmental policy can be diffused and embedded in the financial services sector. This sector plays a crucial role in creating the financial conditions that allow much economic development to proceed. Financial markets are already highly regulated in pursuance of various public policy objectives, and there is scope to adapt existing regulation to incorporate environmental aspects into the financial services sector. In terms of specific reforms, the book focuses on the role of corporate environmental reporting, economic instruments and liability rules to provide a proper context for engaging financial organisations with the environment, as well as reforms to the system of prudential regulation that currently governs this sector. Beyond the focus on the financial services sector, the book raises complex questions regarding the relationship between the state and market institutions in environmental policy, and will appeal to scholars from a wide range of disciplines interested in problems of environmental governance.


Environmental Policy Between Regulation and Market

Environmental Policy Between Regulation and Market

Author: C. Jeanrenaud

Publisher: Springer

Published: 2013-03-07

Total Pages: 380

ISBN-13: 3034890125

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Environmental policies have traditionally relied on direct controls and on government investment to protect natural resources. Today, the drawbacks and impediments to this approach are evident: heavy burdens borne by companies and the community, complex regulations, a danger of legislative inflation, difficulties in meeting the goals set, to name a few. In response, the environmental authorities in many countries have begun to reassess the efficacy of their programs, with the result that market incentives and voluntary agreements with companies or branches of industry have been added to the arsenal of traditional environmental protection measures. There are great expectations for new economic instruments, which offer the twofold advantage of giving companies more freedom in the choice of means, and of increasing the chances for meeting goals in a more cost-effective way. The authors of this book analyse these instruments - green taxes, tradeable permits, covenants, joint implementation, internationally tradeable quotas - from the point of view of costeffectiveness, their ability to achieve environmental goals, and public and corporate acceptability. They endeavour to determine on the basis of experience to date, whether these instruments are living up to the hopes placed in them.