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public choice and environmental regulation - Tradable Permit Systems in the United States and CO2 Taxation in Europe (Hardcover)
Loot Price: R3,149
Discovery Miles 31 490
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public choice and environmental regulation - Tradable Permit Systems in the United States and CO2 Taxation in Europe (Hardcover)
Series: New Horizons in Environmental Economics series
Expected to ship within 12 - 17 working days
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What is the appropriate design for environmental regulation? Gert
Tinggaard Svendsen sheds new light on the appropriate mix of
economic instruments to implement environmental regulation in the
context of the world-wide attempts to abate CO2 emissions. Gert
Tinggaard Svendsen offers a detailed and comprehensive study of two
alternative methods for controlling CO2 emissions - tradable
permits and taxation - using examples of varying success from the
United States and Europe. He applies a blend of environmental
economic theory and public choice theory to analyse these methods
and reveals that they both have merits. He proposes a design
incorporating the best features of the two approaches because it is
both cost-effective and politically and administratively feasible.
In the case of C02 regulation, a CO2 permit market based on the US
experience with free historical emissions should be applied in
relation to industry, electric utilities and environmental
organisations. The author proposes that a CO2 tax should be applied
to non-organized interests, such as households and the transport
sector, based on the EU experience. In particular, these policy
recommendations are applied to potential CO2 permit markets in
Europe and the United States. The interdisciplinary approach and
the resulting policy recommendations make this book relevant to
policymakers and academics across the social sciences. It will be
particularly pertinent to those interested in environmental
economics and public choice economics.
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