Question

QUESTION 4 List the three main categories of market-oriented environmental policies (according to the Taylor texbook). i 3 (12pl T T T T Arial E- Path: p Words:0 QUESTION 5 of 2,500 emissions 2,000 1,500 Polution charge 500 00 30 10 20 40 50 Quantity That Particle Emissions Are Reduced EXHIBIT 14-3 A Pollution Charge Exhibit n th NOy would react if the pollution ch pheand to king abc ow specific as you can giv charge was change comp pr i 3 (12p T E T T T Arial Cost or Price (S)

Answer 1

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1.

According to Taylor, the three main categories of market oriented policies are: Pollution tradeable permits, Pollution charges and Well defined property rights

According to Taylor, framing of environmental policies revolves around these three categories.

Either tradeable permits be issued, or pollution charges in the form of taxes be imposed or well defined property rights be issued which let owners make decisions of the same.