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Market Mechanisms, Ecological Sustainability And Equity, Sharon Beder
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.
Market Mechanisms, Ecological Sustainability And Social Equity, Sharon Beder
Market Mechanisms, Ecological Sustainability And Social Equity, Sharon Beder
Faculty of Arts - Papers (Archive)
In most cases the use of market mechanisms to protect the environment aim to maximise economic efficiency rather than environmental effectiveness or equity. The use of emissions trading to reduce greenhouse gases in the atmosphere is used as a case study to demonstrate this.