Chapter 9
Economic instruments of greening
A. Erinç Yeldan
Abstract
This chapter introduces and discusses the efficacy of various policy instruments of environmental abatement. Theory, as well as, real-world applications of green policies are introduced within the realities of the global economy.
Keywords
Abatement; Decarbonization; Green economics; Green taxes; Pollution control
Introduction
This chapter is about instruments. What are the tools of policy interventions that economists offer in controlling environmental pollution within a market system? What are the advantages and disadvantages of each? And, what kind of an institutional infrastructure is needed to enforce such interventions?
In very broad terms, the arsenal ...
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