ECS2606 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 (583488) - DUE 20 September 2024
37 views 0 purchase
Course
Environmental Economics (ECS2606)
Institution
University Of South Africa (Unisa)
Book
Environmental Economics
ECS2606 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 (583488) - DUE 20 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us . 1. Discuss the different incentive-based policies which are available in...
Incentive-based policies in environmental economics are designed to encourage firms and
individuals to reduce their environmental impact through economic incentives. These policies
are generally categorized into two main types: emission charges (taxes) and subsidies, and
market-based systems.
Emission Charges (Taxes) and Subsidies
1. Emission Charges: Emission charges are fees imposed on the quantity of pollutants
that a firm emits. The fundamental principle behind emission charges is to make pollution
a cost to the producer, thereby incentivizing firms to reduce their emissions to minimize
costs. As emissions decrease, the cost associated with abatement increases, while the
tax liability decreases. The optimal point for emission reduction is where the marginal
abatement cost equals the emission charge. Emission charges create a continuous
financial motivation for firms to adopt cleaner technologies and reduce pollution.
Terms of use
By making use of this document you agree to:
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller iStudy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.85. You're not tied to anything after your purchase.
