EC238 Lecture Notes - Lecture 5: Montreal Protocol, Kyoto Protocol, Kuznets Curve
Document Summary
Brown issues local issues associated with pollution, often from industrial sources green. Issues global or regional issues concerning the natural environment. Many green issues have to do with the health of specific species of animals or plants, or ecosystems. Difficult to asses the severity of green issues due to data availability. Institutional regulation: the use of economic incentives. Cap and trade permit systems: international agreements. Pollution problems have been with us for centuries, particularly in urban areas. In europe, pollution control laws date back to the middle ages. As population and income have increased, we have faced pollution problems in rural and urban areas, and on a global scale as well. Role of economics in pollution control a significant role is played by economic analysis in: Determining the right amount of environmental pollution: consequences of environmental pollution, costs of pollution control. Choosing the appropriate instrument for pollution control. Immediate determinants of the economy"s impact of the environment:
