1. Tradable Emissions Permits & Emissions Control
The US Clean Air Act (1990) is a prime example of a definitive government regulation. ... Germany levies a tax on every unit of discharged effluent, with the amount varying with the quantity and noxiousness of the substance. ... While Germany's example is fairly stringent, the Italian system can only be described as harsh. In order to achieve specific standards as quickly as possible, the government established a set of emission standards with a simultaneous tax scheme. ... Permits also present the opportunity to greatly reduce the role of government in the control process, providing ...
- Word Count: 1840
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate