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6 Cards in this Set
- Front
- Back
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What where tradition businesses attitudes towards the environment? |
1) the environment is a "free and unlimitted good' 2) private interest > common good |
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What are regulations? How do they operate and criticism? |
Provide a legally enforceable standard and determine how pollution bills are paid. Criticism: - hard to create fair system in governance - high shutdown and industral relocation costs |
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4 methods for achieving our environmental goals? |
1) Pricing mechanisms 2) Regulations 3) Incentives 4) Combination of methods |
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What are incentives and list the pros and cons? |
gov supply firm tax break or match grants Pros: - min gov intergerence - allows for voluntary action Cons: - low process - finacial aid for polluters |
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What is pricing mechanisms? List the pros |
- charge firm according to level pollution produced - polluters accountable for cost of their pollution - pollution cost = expense. Motivate firm to reduce |
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What is a pollution permit? |
sets litmit amount pollution firm can produce |
