Slide - COmparison of Costs and Information for Cost-Effective Abatement

Slide - COmparison of Costs and Information for Cost-Effective Abatement

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Comparison of Costs and Information for Cost- Effective (Abatement) Under Certainty Least cost (Cost – Effective) Information Needed for least cost to achieve an arbitrary l A Other level A Command-and- Control Not necessarily A MAC for each firm A Guaranteed Accepted Method Taxes (Polluter Pays) Yes, always A MAC for industry
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Unformatted text preview: A not guaranteed if dont know industry MAC precisely Double dividend Politically messy Marketable Permits Yes, always A A Guaranteed Moral issue Not appropriate for localized effects Double dividend? Voluntary Possibly A (as a target) Easy uestionable Questionable effectiveness...
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This note was uploaded on 12/20/2010 for the course AEM 25 at Cornell University (Engineering School).

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