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A Comparison of Environmental Policy Instruments

Wolfgang Buchholz () and Dirk Rübbelke

Chapter 4 in Foundations of Environmental Economics, 2019, pp 67-132 from Springer

Abstract: Abstract In this chapter, the main instruments of environmental policy are considered. In particular, the advantages that price-based instruments, i.e. emission taxes and cap-and-trade systems, are expected to have over command-and-control approaches are described and the problems that may occur with emission pricing are illuminated. The chapter also refers to practical experiences that have been made with the application of price-based instruments and explains why – despite their basic advantages – these instruments have to be complemented by other measures.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-16268-9_4

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DOI: 10.1007/978-3-030-16268-9_4

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