Assessing Environmental Policy Instruments

Wolfgang Buchholz, Christiane Reif and Dirk Rübbelke
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Wolfgang Buchholz: University of Regensburg
Christiane Reif: Landshut University of Applied Sciences
Dirk Rübbelke: TU Bergakademie Freiberg

Chapter Chapter 4 in Foundations of Environmental Economics, 2024, pp 89-187 from Springer

Abstract: Abstract In this chapter, the main instruments of environmental policyEnvironmental policy are considered. In particular, the advantages that price-based instrumentsPrice-based instruments, i.e., emissionEmissions taxes and cap-and-tradeCap-and-trade systems, are expected to have over command-and-control approaches are described and problems that may occur with emissionEmissions pricing are illuminated. It is also explained why—despite their basic advantages—price-based instruments have often to be complemented by other measures. The chapter moreover considers the distributional effectsDistributional effects of environmental policiesEnvironmental policy and aspects of their political feasibility—as well as practical experiences that have been with the application of environmental policyEnvironmental policy instruments.

Keywords: Command-and-control instruments; Environmental taxes; Static efficiency; Dynamic efficiency; Double dividend; Emission trading; Cap-and-trade XE “Cap-and-trade” systems; Carbon footprint; Fair taxation; Distributional effects; Regressive effect; Direct and indirect distribution effects; Trust; Reduce resistance; Revenue recycling mechanisms (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-031-63481-9_4

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DOI: 10.1007/978-3-031-63481-9_4

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