This paper examines the environmental policy instruments available to public decision makers for managing environmental protection programs to meet environmental quality objectives. It discusses how policymaking appears to be transitioning toward more market-oriented instruments that involve new relationships between the private sector and state. The paper concludes that addressing social costs of pollution will likely require a mix of policies and instruments, as no single approach is appropriate for every circumstance.
This paper examines the environmental policy instruments available to public decision makers for managing environmental protection programs to meet environmental quality objectives. It discusses how policymaking appears to be transitioning toward more market-oriented instruments that involve new relationships between the private sector and state. The paper concludes that addressing social costs of pollution will likely require a mix of policies and instruments, as no single approach is appropriate for every circumstance.
This paper examines the environmental policy instruments available to public decision makers for managing environmental protection programs to meet environmental quality objectives. It discusses how policymaking appears to be transitioning toward more market-oriented instruments that involve new relationships between the private sector and state. The paper concludes that addressing social costs of pollution will likely require a mix of policies and instruments, as no single approach is appropriate for every circumstance.
Environmental policy instruments for market and mixed-market economies,
Utilities Policy, Volume 4, Issue 1, 1994, Pages 5-18, ISSN 0957-1787, https://doi.org/10.1016/0957-1787(94)90030-2. (https://www.sciencedirect.com/science/article/pii/0957178794900302) Abstract: This paper looks at the options available to public decision makers for managing environmental protection programmes in order to meet environmental quality objectives. Policymaking appears to be in transition towards more market-oriented instruments, but it remains an open-ended experiment whether we shall successfully execute a long-term social transition that involves the private sector and the state in new relationships implied by the pollution prevention and economic instruments rhetoric. In any event, now and in the future, the problem of social cost will be met by a mix of policies and instruments, each equally legitimate although not equally appropriate under every circumstance. Keywords: Environment; Policy; Economics