Emission taxes versus other environmental policies

Article Abstract:

Four arguments against the use of environmental taxes as an appropriate instrument in environmental policy are presented, three of which, are associated to information asymmetries and non-convexities. Two of the arguments state that if environmental taxes are not levied, tradeable emission permits, and not direct regulation of the command and control type, should be used. One argument was associated to the employment impacts of varied environmental policies in economies with unemployment.

Environmental protection

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Comment on M. Hoel, "Emission Taxes versus Other Environmental Policies."

Article Abstract:

Both theoretical and political relevance should be considered when choosing a key instrument in environmental policy. Politicians and special interest groups usually state that emission taxes raise the production rates, thus affecting employment. When high rates of unemployment are encountered in various industrialized countries, unpleasant employment impacts of environmental regulation increase political resistance to green policy.

Air pollution control, Air quality management

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