1994 | OriginalPaper | Chapter
Pollution Taxes — The Preferred Means of Incorporation of Environmental Externalities
Author : Richard L. Ottinger
Published in: Social Costs of Energy
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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Internalizing the environmental costs imposed on society by polluters is the wave of the future in addressing environmental degradation. By signalling to industry the true societal costs of their operations, inclusion of environmental costs in the price of goods produced gives an economic incentive to industry to reduce pollution. This can be an important supplement to regulation.