Market-Based Solutions to Environmental Problems: Discussion

abstract

• AbstractThere is rapidly growing interest in the use of market-based (MB) instruments in environmental policy. The papers in this session discuss three relatively new areas for such policies: groundwater contamination, nonpoint source surface-water pollution and carbon sequestration. The papers point out the potential for MB policies in these areas, but significant challenges remain. This comment highlights challenges related to five issues: monitoring and enforcement, trading ratios, baselines, transaction costs, and risk and uncertainty. All these issues must be addressed before MB policies can take the full step from economic theory to regulatory reality.

authors

• Woodward, Richard

published proceedings

• Journal of Agricultural and Applied Economics

altmetric score

• 3

author list (cited authors)

• Woodward, R. T.

citation count

• 2

complete list of authors

• Woodward, Richard T

publication date

• August 2000

publisher

• Cambridge University Press (CUP)  Publisher

published in

• Journal of Agricultural and Applied Economics  Journal

keywords

• Carbon Sequestration
• Effluent Trading
• Global Warming
• Groundwater Contamination
• Nonpoint Pollution
• Tradable Emissions Permits

Digital Object Identifier (DOI)

• 10.1017/s1074070800020344

start page

• 259

end page

• 266

volume

• 32

issue

• 2

URL

• http://dx.doi.org/10.1017/s1074070800020344

user-defined tag

• 15 Life on Land