By Richard L. Revesz (editor), Philippe Sands (editor), Richard B. Stewart (editor)
This e-book offers a comparative research of environmental rules in multi-jurisdictional felony and political structures, targeting the us, the eu Union, and the foreign group. each one of those structures needs to take care of environmental interdependencies that pass neighborhood borders, from time to time growing nearby difficulties, equivalent to acid deposition, ozone style smog, and toxins of shared water our bodies. a few transjurisdictional environmental difficulties are worldwide, together with stratospheric ozone depletion, weather switch, and the lack of biodiversity. different environmental difficulties, notwithstanding, are localized of their impact on health and wellbeing and the surroundings.
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Additional resources for Environmental Law, the Economy and Sustainable Development: The United States, the European Union and the International Community
With respect to environmental standards, competitive jurisdictions equate the marginal private cost of improving environmental quality (measured in terms of foregone consumption) with the marginal private benefit. For net tax rates of zero, the marginal private cost is, as noted above, the decrease in wage income produced by the marginal unit of environmental protection. This decrease is also the marginal social cost, since it represents society's foregone consumption. Thus, instead of producing a race to the bottom, competition leads to the optimal levels of environmental protection.
Revesz uses collective action analysis to challenge the claim that centralized regulation is justified in order to offset the organizational disadvantages of environmental interests relative to production interests when regulatory decisions are decentralized. A number of contributors also emphasize the relevance of non-economic values and objectives in the evaluation of environmental regulatory measures. Rehbinder, for example, questions the use of economic incentives systems on the ground that they could produce excessive local pollution levels that could infringe citizens' rights to a healthy environment.
Plastics Corp. v. 2d 639 (2d Cir. 1975). For example, the Clean Air Act imposes disuniform ambient standards, determined by whether an area is covered by the Prevention of Significant Deterioration (PSD) or nonattainment programs. C. §§ 7473, 7502(c)(2), 7503(a)(l)(A) (1994). These differences turn on what ambient air quality standards regions had at a particular time, rather than differences in preferences, benefits, or costs. 7 First, it argues that interstate competition over environmental standards is, in essence, competition for the sale of a good.
Environmental Law, the Economy and Sustainable Development: The United States, the European Union and the International Community by Richard L. Revesz (editor), Philippe Sands (editor), Richard B. Stewart (editor)