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Market Mechanisms, Ecological Sustainability And Equity, Sharon Beder Jan 2011

Market Mechanisms, Ecological Sustainability And Equity, Sharon Beder

Faculty of Arts - Papers (Archive)

Economists are commonly asked for advice on environmental policy. In Australia, for example, it was economist Ross Garnaut who was asked to prepare the major report on climate change policy. Not surprisingly, economists tend to advocate market mechanisms to achieve environmental protection. But can market mechanisms aim to maximise economic efficiency rather than environmental effectiveness or equity.