The goal of environmental policy is to force the polluter to pay for these social costs, aligning private costs with social costs. 2. The Problem of Common Property Resources (CPRs)
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A factory dumps toxic waste into a river to lower its production costs. The downstream community suffers from polluted drinking water and health issues. The factory does not pay for these health costs, meaning the market price of the product is artificially low, leading to overproduction. rn bhattacharya environmental economics pdf verified
Rabindra Nath Bhattacharya (1941–2022) was a pioneering Indian environmental economist whose seminal work, Environmental Economics: An Indian Perspective
Most major universities provide students with access to digital libraries such as , ScienceDirect , or Oxford University Press digital collections. Check your university library catalog using your student credentials to see if an e-book version of Environmental Economics: An Indian Perspective is available for legal download. 2. Google Books and Internet Archive The goal of environmental policy is to force
Because nature does not carry a price tag, Bhattacharya details methods to quantify environmental assets for cost-benefit analyses:
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Levying taxes directly proportional to the damage caused by polluters.
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