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Theory and practice of economic instruments for environmental protection: experience of the Czech Republic

✍ Scribed by Seják, Josef


Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
106 KB
Volume
7
Category
Article
ISSN
0961-0405

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✦ Synopsis


Economists generally suggest that economic instruments for environmental protection are more ef®cient than alternative instruments. However, despite the prescriptions of economists, in practice environmental policies have overwhelmingly preferred administrative solutions such as the imposition of environmental standards. Economic instruments have generally been applied only as a source of ®scal revenue. This has mostly negated the incentive aspects of such charges. This article analyzes why traditional command and control regulation is more attractive for politicians and polluters and shows some practical drawbacks of market oriented solutions. At the same time, from practical experience with emission charges in the Czech Republic, the paper derives some assumptions which must be ful®lled if a system of economic instruments is to work successfully.


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