Economic incentives for environmental protection: integrating theory and practice

Article Abstract:

Economists have discussed the advantages of market-based and economic-incentive methods of protecting the environment since the 1920s. Marketable permits and environmental taxes have become popular tools used by policymakers. Environmental regulation involves tradeoffs among several objectives, including efficiency, cost-effectiveness, equity, political feasibility and ease of implementation. Economists should develop new market-based environmental policies by incorporating both theory and empirical analysis.

Economic policy, Environmental aspects, Environmental protection

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The cost of carbon sequestration: a revealed-preference approach

Article Abstract:

A study was conducted on the costs of reforestation of agricultural lands using the data of the marginal costs of US carbon sequestration. Results showed that the marginal costs of sequestration depends on the quality of the agricultural lands being converted to forest. Higher marginal costs are maintained even though growing trees used to sequester carbon are normally an inexpensive way of combating climate change which is primarily due to high cost of quality agricultural land.

Waste Management and Remediation Services, Land, mineral, wildlife conservation, Pollution Control, Sanitary Services, Nature Parks and Other Similar Institutions, National Forests, Global warming, Deforestation, Environmental policy, Atmospheric carbon dioxide, Forest reserves

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The effects of environmental regulation on technology diffusion: the case of chlorine manufacturing

Article Abstract:

The effect of environmental and economic regulation on technological change in the chlorine manufacturing industry is studied by focusing on the diffusion of membrane-cell technology. Studies reveal that regulatory factors have not had a statistically significant effect on the decision to adopt membrane-cell technology at the existing plants.

United States, Analysis, Manufacturing industry, Manufacturing industries, Technology application, Economic reform

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