Given several pollution sources within a given region. You have determined the level of pollutants that the environment can tole
rate and need to design a regulatory system that guarantees that tis limit is never exceeded, even if the number of pollution sources increases. Which of the regulation methods (CAC, charges, or tradable allowances) would be the most cost-effective means of achieving the desired end? How might your choice change if some increase in emissions could be tolerated?
how economic criticisms of due weight are considered in the formulation of environmental policies and how the environment is considered The identified integrations are better integrated into economic policy decisions. Intensified interest in the environment in economic policy policies
Explanation:
It can be attributed to several related factors: - a growing awareness that environmental problems are important, economic dimensions that must be brought to the forefront to improve social welfare; - the recognition it charges and other economic instruments, which have important effects both at the macroeconomic and The structure of the economies is likely to play a key role in this process; - the fact that market failures or distortions are not directly related to the use of environmental resources can lead to suboptimal environmental output, for example, when congestion Road traffic in urban areas increases the exhaust emissions associated with a given amount of travel; - the transboundary or even global nature of many environmental problems which accentuates the need to improve international coordination of environmental policies: concerns about the effects of certain emissions on theozone and global climate are the two most notable examples and have provided the catalyst for a new debate
