Abstract
This chapter provides an overview of legal and policy instruments that can be used to provide potential polluters with incentives for pollution abatement. The traditional law and economics literature as well as environmental economics are used to show how liability rules, safety regulation, environmental taxation, and emission trading all have specific advantages and disadvantages. It is therefore argued that environmental policy should look for optimal combinations (mixes) of a variety of policy instruments.
Original language | English |
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Title of host publication | Global environmental commons. Analytical and political challenges in building governance mechanisms |
Editors | E. Brousseau, T. Dedeurwaerdere, P.-A. Jouvet, M. Willinger |
Place of Publication | Oxford |
Publisher | Oxford University Press |
Pages | 275-307 |
ISBN (Print) | 978-0-19-965620-2 |
DOIs | |
Publication status | Published - 1 Jan 2012 |