Author : John Norregaard
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)
Book Synopsis Taxes and Tradable Permits As Instruments for Controlling Pollution by : John Norregaard
Download or read book Taxes and Tradable Permits As Instruments for Controlling Pollution written by John Norregaard and published by International Monetary Fund. This book was released on 2000 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation This paper examines the relative merits of two dominant economic instruments for reducing pollutiongreen taxes and tradable permits. Theoretically, the two instruments share many similarities, and on balance, neither seems preferable to the other. In practice, however, most countries have relied more on taxes than on permits to control pollution. the analysis suggests a number of lessons to be learned from country experiences regarding the design and implementation of both instruments. While many, particularly European countries, currently have long-term programs involving environmental taxes, a willingness to experiment with tradable permits seems to be growing, especially given the Kyoto protocol emission targets.