Sustainability Policy and Environmental Policy

John Pezzey

Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network

Abstract: A representative agent economy with a resource stock, polluting emissions, productive, abatement and foreign capital, trade, and technical progress, is used to contrast environmental policy, which internalises amenity and productivity values, with sustainability policy, which achieves some form of intergenerational equity. Environmental policy comprises a tax on emissions and a subsidy on the resource stock equal to the respective externalised costs or benefits. Sustainability policy comprises a capital and/or consumption tax to change the effective utility discount rate. Environmental policy can reduce the strength of sustainability policy needed. More specialised results are derived in a closed economy with a non-renewable resource and no technical progress, and in a small open economy with few environmental effects.

Date: 2001-11
New Economics Papers: this item is included in nep-ene, nep-mic and nep-res
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://een.anu.edu.au/download_files/een0104.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to een.anu.edu.au:80 (No such host is known. )

Related works:
Journal Article: Sustainability Policy and Environmental Policy (2004)
Working Paper: Sustainability Policy and Environmental Policy (2002)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:anu:eenwps:0104

Access Statistics for this paper

More papers in Economics and Environment Network Working Papers from Australian National University, Economics and Environment Network
Bibliographic data for series maintained by Jack Pezzey ( this e-mail address is bad, please contact ).