Milner on Biodiversity – Blog #20: “Getting Polluters to Pay”
As I indicated last time, one of the problems with the Polluter Pays principle is that economists seem to have been particularly dilatory in finding appropriate ways to implement it. As a result, so many products whose manufacture cause excess carbon emissions, noxious air pollution or the fouling of lakes, rivers and even aquifers, escape penalty when sold, distorting the business
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