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    •   CACHE Homepage
    • Academic Departments, Programs, and SIPs
    • Economics and Business
    • Economics and Business Senior Integrated Projects
    • View Item

    Market-Based Instruments: An Environmental Policy Option Supportive of Free Trade

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    Date
    2002
    Author
    Will, Abbe H.
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    Abstract
    Environmental policy and international trade are generally perceived as inharmonious, however research indicates that strong environmental policy need not detract from trade-induced economic gains. Certain market-based instruments, such as tradable permits for the rights to pollute, are currently being explored through the Kyoto Protocol as an environmental policy option on a global scale. The advantages of market-based instruments include increased efficiency, which translates to decreased costs for both producers and consumers compared to the traditional "command-and-control" instruments. The creation and implementation of more efficient environmental policy will make the simultaneous pursuit of environmental preservation and free trade not only possible, but also mutually supportive.
    URI
    http://hdl.handle.net/10920/26361
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    • Economics and Business Senior Integrated Projects [1202]

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