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Eg481 Environmental Policy

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Environmental Policy

There are different approaches to environmental policy. In addition to conventional approaches to policy-making, innovative economic policy tools have been developed. In this paper, I will attempt to describe a suitable policy approach for global warming.

By definition, an environmental policy is a policy that pertains to human interaction with the environment. It aims to regulate resource use or reduce pollution in order to promote welfare and /or protect natural systems (Withgott & Laposata, p.96). This week’s lesson presentation tells us that the process of creating an effective environmental policy begins with input from the field of science.

According to research, record heat, drought, storms, and fires (all witnessed in the recent years) is what global warming looks like. Excess emission greenhouse gases, such as carbon dioxide (CO2) and other global warming pollutants, are collecting in the atmosphere like a thick over-blanket, hurting our health, nature, and causing the plant to warm up (Ackerman, et al. 2008). It is through the introduction of policies by governments and other bodies that these effects can be reduced and hopefully overcome (Withgott & Laposata, pp. 96-110).

In addition to the Clean Air Act (CAA), a sustainable solution idea for reducing the emissions of carbon dioxide into the “heavens” is to provide market incentives and policy strategies to effectively delegate the cost of producing to both producers and consumers. This can be achieved through eliminating the externality of public goods by aiming to control prices and quantities. What’s more, through taxation, governments can reduce socially damaging conduct to efficient levels. In short, the goal of tax is to reduce emissions of CO2 by placing a price on production. As a result, the global warming issue is addressed as the efficient quantity of…...

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