Environmental Economics and Policies
Explore the intricate relationship between economics and the environment through discussions on negative and positive externalities, Pigovian taxes, environmental taxes, and more. Discover how firms respond to pollution taxes and the impact of such policies on welfare analysis.
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Presentation Transcript
Chapter Twelve: The Economics of the Environment
Figure 12.1 The Negative Externalities of T Figure 12.1 The Negative Externalities of T- -Shirt Production Shirt Production
Figure 12.2 Internalizing a Negative Externality with a Pigovian Tax Figure 12.2 Internalizing a Negative Externality with a Pigovian Tax
Figure 12.3 Analysis of a Positive Externality Figure 12.3 Analysis of a Positive Externality
Figure 12.4 Environmental Taxes as a Percentage of Total Tax Figure 12.4 Environmental Taxes as a Percentage of Total Tax Revenue, Select Countries, 2019 Revenue, Select Countries, 2019 Source: OECD, Environmental Taxation, http://www.oecd.org/env/toolsevaluation/environmentaltaxation.htm.
Figure 12.5 A Firms Response to a Pollution Tax Figure 12.5 A Firm s Response to a Pollution Tax
Figure 12.6 Gasoline Prices and Consumption, Select Countries Figure 12.6 Gasoline Prices and Consumption, Select Countries Note: Gas prices from 2022, gas consumption from 2020. Sources: GlobalPetrolPrices.com, Gasoline Prices; U.S. Energy Information Administration, International Energy Statistics (gas consumption data).
Figure 12.7 Welfare Analysis of a Negative Externality, Without a Figure 12.7 Welfare Analysis of a Negative Externality, Without a Pigovian Tax Pigovian Tax
Figure 12.8 Welfare Analysis of a Negative Externality, With a Figure 12.8 Welfare Analysis of a Negative Externality, With a Pigovian Tax Pigovian Tax
