By Kerry Turner, Hans Opschoor (auth.), Professor Dr. Hans Opschoor, Kerry Turner (eds.)
This publication incorporates a selection of papers on financial incentives and environmental regulations which end result from the authors' joint learn paintings within the software `Environment, technology and Society', performed below the auspices of the eu technology beginning, with whose cooperation the e-book has been released.
The paintings concentrates at the clinical and methodological points of the improvement, implementation and assessment of monetary tools at a countrywide point. The study is either theoretical and empirical.
- At a theoretical point recognition is given to the dynamics of tool selection in a variety of political and monetary contexts, and to the capacity for comparing financial tools when it comes to their effectiveness and potency.
- At an empirical point the examine seeks to enquire the functionality of financial tools in truth and to discover techniques for brand spanking new techniques at the interface among expertise, economic system and the surroundings. a subject matter index enhances this primary quantity within the ESF `Environment, technological know-how and Society' series.
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Extra resources for Economic Incentives and Environmental Policies: Principles and Practice
1990) Sustainable development, science and policy, Conference Report, Bergen, 8-12 May 1990, Norwegian Research Council for Sciences and the Humanities, Oslo. Baumol, W. J. and Oates W. E. J. 38 KERRY TURNER AND HANS OPSCHOOR Bohm, P. and Russel C. S. (1985) Alternative policy instruments, in A. V. Kneese et al. (eds), Handbook of Natural Resource and Energy Economics, Vo!. 1, North-Holland, Amsterdam. Central Planning Bureau (1992) Long Term Economic Consequences of Energy Charges (in Dutch), CPB Working Documents No.
It is also important to realise that all three categories entail effects on prices, incomes and international competitiveness. But here, the similarity ends. These categories of instruments greatly differ in at least two respects (Baumol and Oates, 1988; Bohm and Russell, 1985). 44 HARMEN VERBRUGGEN First, they differ in the extent, directness and time profile of their price and income effects. The price effects of regulatory instruments are not immediately visible, but with a certain time-lag, additional investment costs in response to environmental regulation show up in prices.
In order to do this, she uses a nonlinear programming approach for finding the minimum costs for different reductions in pesticides use. She finds that a 50% reduction of pesticides use can be achieved efficiently via a charging or a trading system; regulation through non-tradable quota would be 40% more costly in terms of the net value of yield losses. However, in terms of the distributional impact, charges are much more severe than either a direct regulation or a tradable quota. A permit market would do the job efficiently with least distributional impacts.