Question

In: Economics

Explain how a technology standard is different from an emissions standard? Why an emissions standard in...


Explain how a technology standard is different from an emissions standard? Why an emissions standard in general incurs a lower abatement cost to achieve a pollution target than a technology standard? Also explain why a technology standard in general has lower enforcement costs than an emissions standard. (20 pts)

Solutions

Expert Solution

Technical Standard is a set up standard or necessity for a repeatable technical undertaking. It is normally a proper report that builds up can likewise be created by gatherings, for example, technical rules, techniques, cycles, and practices. Standards associations and exchange affiliations.

Emission standards are the legitimate prerequisites administering air poisons delivered into the environment. Emission standards set quantitative cutoff points on the allowable measure of explicit air toxins that might be delivered from explicit sources over explicit time spans. They are commonly intended to accomplish air quality standards and to ensure human life. Various districts and nations have various standards for vehicle emissions.

Emission charges may prompt more prominent dispersion of better contamination reduction innovations. This is on the grounds that emission charges and allows are tradable and one can trade the overabundance sum with different organizations which may prompt dispersion of contamination decrease charges.

In setting public emissions standards, EPA by and large sets emissions execution levels instead of commanding utilization of a specific innovation. Truth be told, the law commands that EPA utilize mathematical execution standards at whatever point possible in setting public emissions standards for fixed sources. Contingent upon the program, extra adaptability might be given through emissions averaging, emissions exchanging, elective standards, or different systems.


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