Policy Instruments and Financial System

Manuel Fischer, Daniel Foord, Jan Frecè, Kirsten Hillebrand, Ingrid Kissling-Näf, Rahel Meili, Marie Peskova, David Risi, René Schmidpeter and Tobias Stucki
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Manuel Fischer: Bern University of Applied Sciences
Daniel Foord: Bern University of Applied Sciences
Jan Frecè: Bern University of Applied Sciences
Kirsten Hillebrand: Bern University of Applied Sciences
Ingrid Kissling-Näf: Bern University of Applied Sciences
Rahel Meili: Bern University of Applied Sciences
Marie Peskova: Bern University of Applied Sciences
David Risi: Bern University of Applied Sciences
René Schmidpeter: Bern University of Applied Sciences
Tobias Stucki: Bern University of Applied Sciences

Chapter Chapter 6 in Sustainable Business, 2023, pp 91-104 from Springer

Abstract: Abstract This chapter introduces negative externalities, i.e., costs incurred by a third party without the polluter having to pay compensation, and exemplifies them by external costs of transport in Switzerland. Next, the chapter compares various policy instruments the state can use to address market failures in dealing with externalities. Finally, the role of the financial system is discussed, which can counteract the current market failure in connection with externalities via sustainable measures in the area of investment and lending.

Keywords: Negative externalities; Invisible hand; Market failure; Marked-based instruments; Border taxes; Environmental; social; and governance (ESG) factors (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbrcp:978-3-031-25397-3_6

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DOI: 10.1007/978-3-031-25397-3_6

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