How will you use economic instrument to address environmental economic policy issues.
1. What type of economic instruments will you used?
2. What type of environmental economic policies will you be addressing with this instrument?
3. How will you operationalised, measure or use this instrument to address the identified environmental policy issue?
All contributions are welcome.
1. The use and applicability of economic instruments may depend and/or vary by projects, geography, culture, socioeconomic, and political factors. So there is no technical blueprint on using an specific economic instrument.
2. The choice of environmental economics policies ground on expected/anticipated results (Do you just want to conduct quick and cheap vs. detailed and precise study?)
3. Following up 1 and 2, I would say I will follow some established protocols or framework of similar projects that have been done in the past.
Questions? Please write back to me.
1. Pollution penalties, environmental load fees, carbon markets.
2. Eliminate pollution, decrease emissions, support carbon sequestration and renewable technologies.
3. The first two are measured by paid penalties, fees and the number of cases. Carbon market can be measured by the carbon cost on the carbon stock exchange.
https://www.investing.com/commodities/carbon-emissions
Thanks for your contributions Ragendra Poudel and Robert Radics. I wish to conduct a detail study on this and need more insight ...
All above is true, let me add the Economic Model of Commons. It is very useful, and can be illustrated by fishes: fishes in the sea and rivers belong to nobody and everyone, they are "commons". Because nobody owns them, nobody care and their population is depleted dramatically. The only way is to assign responsibility through regulations which gets enforced: fishermen get quota, which they cannot exceed. This is active economic policy... Look-up theory of commons on Wikipedia. Wikipedia itself is commons based peer production, by the way: efficient cooperation for a greater good, with accepted and enforced rules.
Thanks for this wonderful explanation @ Renaud Di Francesco. It sound so logical and practical. Waauw, thumbs up!
Thank you Dr. Smith for your response. I do appreciate your contribution and I am getting some valuable insight from the OECD green growth guide.
Regards
Nvenakeng Suzanne
there are very true facts about the environment. it can be affected by all who are in connection with it and it affects all.in connection there fore econom8c policies are based on externalities. or in other words measures to curtail or delimit the use or ,connection, i.e through quota, regulation,time window,tax and compensation to affectees etc. on the other hand for positive externality some premium, more time for use or production, benefit etc
Thanks for your contribution Sofia Anwar.
More comments ==> better understanding.
Kind regards
Nvenakeng Suzanne
Extended Producer Responsibility (EPR) is a newest model in that line that addresses externalities borne by producer who produces materials in the environment. It can be of sound help to you
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