Incentives to Reduce Emissions: Economists’ Perspective

No AccessFeb 2023Incentives to Reduce Emissions: Economists’ PerspectiveAuthors/Editors: Grzegorz Peszko, Markus Amann, Yewande Awe, Gary Kleiman, Tamer Samah RabieGrzegorz PeszkoSearch for more papers by this author, Markus AmannSearch for more papers by this author, Yewande AweSearch for more papers by this author, Gary KleimanSearch for more papers by this author, Tamer Samah RabieSearch for more papers by this authorhttps://doi.org/10.1596/978-1-4648-1835-6_ch2AboutView ChaptersPDF (0.6 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract: Examines the costs and benefits of environmental policy by exploring (1) the microeconomics of the coordination challenge in particulate matter (PM2.5) emissions control; and (2) the health sector, which can save millions of lives and billions of dollars by helping address the root causes of diseases related to air pollution. Those who bear the costs of pollution reduction do not always benefit from it. Climate change remains an extreme example of the geographical and intertemporal divide between polluters and their victims, as the benefits of climate change mitigation prove long term, uncertain, and accrue largely to other countries. For decision-makers and citizens, the local, private costs of reducing emissions remain justified as long as the local marginal benefits of doing so prove higher than local marginal costs. Many constituencies find it too controversial to put a price on the life or health of their citizens and use cost-effectiveness rather than cost-benefit techniques to prioritize policy interventions. Previous chapterNext chapter FiguresreferencesRecommendeddetails View Published: February 2023ISBN: 978-1-4648-1835-6 Copyright & Permissions Related TopicsEnvironmentHealth Nutrition and Population KeywordsAIR POLLUTIONCLIMATE CHANGEENVIRONMENTAL POLICYAIR QUALITYENVIRONMENTAL RISK MANAGEMENTGREENHOUSE GASESGHGSEMISSION REDUCTIONSENVIRONMENTAL REGULATIONPARTICULATE MATTERHEALTH CARE SECTORBURDEN OF DISEASEMITIGATION COSTSMITIGATION STRATEGIESCOST-BENEFIT ANALYSISCOST-EFFECTIVENESS PDF DownloadLoading ...