Economic Instrument

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James Greyson - One of the best experts on this subject based on the ideXlab platform.

  • an Economic Instrument for zero waste Economic growth and sustainability
    Journal of Cleaner Production, 2007
    Co-Authors: James Greyson
    Abstract:

    If global problems such as climate change and waste remain unresolved, society can choose either to continue attempting to incrementally reduce wastes and lessen impacts, or to consider a more ambitious approach that paradoxically may be easier to implement. This paper suggests how an approach designed to prevent waste and other global impacts could be based upon the established practices of precycling, circular Economic policy and recycling insurance. A new Economic Instrument called ‘precycling insurance’ is proposed, so that decision-making can be led by the market rather than by prescriptive regulation or educational campaigns. The approach gains relevance now that China is developing a national ‘Law on the Promotion of the Development of Circular Economy’. 2006 Elsevier Ltd. All rights reserved.

Liu Tiansen - One of the best experts on this subject based on the ideXlab platform.

  • industrial water pollution and transboundary eco compensation analyzing the case of songhua river basin china
    Environmental Science and Pollution Research, 2020
    Co-Authors: Li Wanhong, Liu Fang, Ding Maiqi, Liu Tiansen
    Abstract:

    As eco-compensation is considered an effective Economic Instrument for controlling the industrial water pollution in transboundary basin, this study aims to explore a transboundary eco-compensation mechanism for Songhua River Basin that is one of the seven major drainage basins in China. Using a panel dataset of eleven cities in this basin tracked from 1992 to 2016, we empirically examined the environmental Kuznets curve (EKC) hypothesis by analyzing the relationship between Economic development and industrial water pollution. Then, we developed two econometric models to quantify the wastewater discharge allowance and eco-compensation of investigated cities, respectively. The results specifically reveal the inverted U-curve effects of GRP (gross regional product) on industrial wastewater discharge, which displays an evidence of EKC in the field of transboundary water pollution in China. Moreover, our results verify the polluter pays principle that polluter should be responsible for its pollution behavior through paying of eco-compensation. Our results further interpret that the emissions trading program can help protect the ecosystem by allowing the wastewater discharge allowance to trading market.

Ruth E Malone - One of the best experts on this subject based on the ideXlab platform.

  • a question of balance addressing the public health impacts of multinational enterprises in the oecd guidelines for multinational enterprises
    Global Public Health, 2012
    Co-Authors: Joshua S Yang, Patricia A Mcdaniel, Ruth E Malone
    Abstract:

    The global community is beginning to address non-communicable diseases, but how to increase the accountability of multinational enterprises (MNEs) for the health impacts of their products and practices remains unclear. We examine the Organization for Economic Cooperation and Development's (OECD) efforts to do so through voluntary MNE guidelines. We developed a historical case study of how the OECD Guidelines for Multinational Enterprises were developed and revised from 1973 to 2000 through an analysis of publicly available archived OECD and tobacco industry documents. The first edition of the Guidelines was a purely Economic Instrument. Outside pressures and a desire to ward off more stringent regulatory efforts resulted in the addition over time of guidelines related to the environment, consumer interests, sustainable development and human rights. Despite their voluntary nature, the Guidelines can play a role in efforts to help balance the interests of MNEs and public health by providing a starting point for efforts to create binding provisions addressing MNEs' contributions to disease burden or disease reduction.

Paulette June Coetzee - One of the best experts on this subject based on the ideXlab platform.

  • the progressive carbon tax and the ability to pay doctrine of taxable income implications to Economic growth and the environment the issue of sustainability for thailand
    Social Science Research Network, 2017
    Co-Authors: Julio Esteban Altamirano, Paulette June Coetzee
    Abstract:

    “Sustainable development is the pathway to the future we want for all. It offers a framework to generate Economic growth, achieve social justice, exercise environmental stewardship and strengthen governance.” Ban Ki-moon. With an expanded Gross Domestic Product (GDP) figure of 3.2% in Q1 2016 compared to the 2.8% in Q4 2015, it is hard to imagine that Thailand was one of the poorest countries following WWII (Greg, J 2016). Since 1952, Thailand has shown remarkable Economic growth and has one of the fastest growing economies of all developing countries. (Greg, J 2016) Between 1960 to 1996, the economy grew at an average rate of 7.5% per annum, but slowed down to 5% during the Asian crisis (Greg, J 2016). Thailand is showing remarkable progress in socio-Economic development with improved levels of GDP, life expectancy, literacy and levels of employment. (World bank, 2017) This allowed the country to move from a low income to an upper income country in less than a generation (World bank, 2017). The key driver of poverty reduction in Thailand is Economic growth, which is defined as “the increase in an economy’s capacity to produce goods and service over a long period of time” (Hugh & Neuland, p.131). This means that, a country increases the quality and/or quantity of its factors of production, such as labour and capital, with the limited resources available; improve production techniques and an increased output for the growing demand (Hugh & Neuland p133). The Organisation for Economic Co-operation and Development (OECD) defines sustainability where future generations can meet their own needs and are not compromised by decisions and actions of the human population today, us. By eliminating negative externalities that are responsible for natural resource depletion and environmental degradation, sustainable development can be attained (Chansam, S 2013, p. 512). Thailand is one of the original members of the Association of Southeast Asian Nations (ASEAN) that was established in 1967. The aim of ASEAN is to accelerate Economic growth, social progress and cultural development amongst its members. His Majesty King Bhumibol Adulyadeej of Thailand has been promoting sustainable farming, since the 1950’s, and has initiated the concept of having a Sufficiency Economy. This allowed for his country to follow a path of great Economic growth and development. Did all this social-Economic development come at a price to the environment? Will Thailand be able to grow and develop at a pace that is sustainable? This paper examines the characteristics of a developing country, Economic growth impact on sustainability and the trade-off for this high growth rate, but at in terms of The Progressive Carbon Tax: Through the Ability to Pay Doctrine of Taxable Income? The research and hypothesis in this paper aims to prove that a Progressive Value Added Tax/Goods and Services Tax (Fiscal Policy) as a Tool of Inflation Targeting can make the Carbon Tax progressive in nature and thus providing us with a tool that can provide Thailand and other countries with a tax and Economic Instrument to achieve high Economic growth within sustainable development guidelines as argued in the thesis. (Altamirano, 2016) The research proves a Progressive Carbon Tax as an offshoot of a Progressive GST / VAT through the Ability to Pay Doctrine of Taxable Income. The paper proves that a relative price increase of 4.79% per annum (carbon tax content) when disclosed in the price tag or menu, and through a GST / VAT Tax Return can result in progressive rates of the carbon tax of 0%, 10%, 20% or 30%.

Li Wanhong - One of the best experts on this subject based on the ideXlab platform.

  • industrial water pollution and transboundary eco compensation analyzing the case of songhua river basin china
    Environmental Science and Pollution Research, 2020
    Co-Authors: Li Wanhong, Liu Fang, Ding Maiqi, Liu Tiansen
    Abstract:

    As eco-compensation is considered an effective Economic Instrument for controlling the industrial water pollution in transboundary basin, this study aims to explore a transboundary eco-compensation mechanism for Songhua River Basin that is one of the seven major drainage basins in China. Using a panel dataset of eleven cities in this basin tracked from 1992 to 2016, we empirically examined the environmental Kuznets curve (EKC) hypothesis by analyzing the relationship between Economic development and industrial water pollution. Then, we developed two econometric models to quantify the wastewater discharge allowance and eco-compensation of investigated cities, respectively. The results specifically reveal the inverted U-curve effects of GRP (gross regional product) on industrial wastewater discharge, which displays an evidence of EKC in the field of transboundary water pollution in China. Moreover, our results verify the polluter pays principle that polluter should be responsible for its pollution behavior through paying of eco-compensation. Our results further interpret that the emissions trading program can help protect the ecosystem by allowing the wastewater discharge allowance to trading market.