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Economic instruments, like taxes and tradable permits, are environmentally effective and economically efficient policy instruments. OECD has long advocated for a consistent use of these instruments and has carried out extensive analysis of their implementation.
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11-Jun-2008
When they are applied in a practical setting, environmentally related taxes and tradable permit systems often differ from simple text-book recommendations that only focus on economic efficiency. This note, prepared by Prof. Stephen Smith of University College, London, contains both a theoretical discussion of “real-world” constraints on policy formulation, and an empirical discussion of the Climate Change Levy vs. the domestic greenhouse gas trading system in the UK, as well as of the Landfill tax vs. the Landfill allowance trading system applied in the same country.
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13-May-2008
Government ministers from around the world met at OECD headquarters in Paris to talk about crunch issues for the environment. One of the most important: getting business more involved in greening the economy.
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08-Feb-2007
This paper, written by Prof. Herman Vollebergh, Department of Economics, Erasmus University Rotterdam, provides a review of the literature on impacts of environmental policy instruments on technological change.
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