Global Environmental Policy: The Case of Ozone Depletion

Douglas Smith and Keith Vodden

Canadian Public Policy, 1989, vol. 15, issue 4, 413-423

Abstract: The Montreal Protocol is an international agreement to reduce consumption of substances that deplete the ozone layer. This paper provides a quantitative assessment of the costs and benefits for Canada of the Protocol. Benefits are estimated through the use of a health effects impact model. Costs are assessed in an adjustment cost model that is triggered by increases in the prices of the controlled chemicals. The environmental policy aspects of the Protocol are noteworthy. Canadian implementation of the Protocol diverges from many traditional policies for local pollution that mandate controls without regard to differences among polluters in control costs. The market-oriented approach to reducing consumption of ozone-depleting substances increases the likelihood that reductions will be undertaken where control costs are lowest.

Date: 1989
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Citations: View citations in EconPapers (7)

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