3.2. Market-Based Instruments Market-based instruments, such as taxes and cap-and-trade systems, use market forces to encourage environmental protection.
Economic valuation of environmental resources is an important tool for environmental policy-making. It involves estimating the economic value of environmental resources, such as clean air and water, and using this information to inform policy decisions. Environmental Economics An Introduction 8th Edition Pdf
2.2. Externalities Economic activities may generate negative externalities, such as pollution, that are not borne by the parties involved. 3.2. Market-Based Instruments Market-based instruments