Transfers vs. Licences as Incentives to Governments for Environmental Correctives

Anthony Clunies Ross

Chapter 14 in Conflict and Change in the 1990s, 1993, pp 236-258 from Palgrave Macmillan

Abstract: Abstract Certain activities have been recognised as producing emissions that have a ‘global’, rather than a local, effect. Reducing them has benefits that are largely ‘external’ to the person who takes the decision to do so. It thus has the characteristics of what economists call a ‘public good’, but on a world, as against a national, scale. The benefits of reduction in one country’s emissions of CFCs or, according to the now-prevailing belief, carbon dioxide or nitrogen oxides, will accrue in only a small degree to that country. It appears to be in the interests of all of us, or at least of our children, that each individual government takes action to reduce these emissions. But it is too a much less extent or much more doubtfully in my interests or those of my children that my own government takes such action unless by so doing it encourages others to follow.

Keywords: Market Price; Proportional Reduction; Tradable Licence; World Development Report; Carbon Burning (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12728-3_14

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DOI: 10.1007/978-1-349-12728-3_14

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