In: Economics
Briefly explain any five of the criteria to evaluate environmental policies.
1. Efficiency- An successful approach is where the cost of marginal loss and marginal harm are equal. One way of thinking about environmental policy is from concentrated to localised along a continuum. A centralised strategy involves the obligation of a supervisory administrative body to decide what to do.
2. Moral consideration- Moral concerns reach to the above mentioned equity and distributional problems. Undoubtedly, the inherent emotions people have on what is right and wrong influence the way they look at various environmental policies.
3. Fairness- In the first case, equality is a question of fairness and about how the gains and costs about environmental changes can be spread by members of society. It must be acknowledged that there is no consensus about how much weight should be imposed on the two goals: output and delivery.
4. Enforceability- Most of the emphasis is usually focused on the success of elected leaders in the study of environmental policy, since they tend to be the basis of the policy. However, it is private parties-companies and customers whose choices directly decide the magnitude and nature of the impacts on the environment3-and the pressures provided by these private parties that decide how and when these impacts can be mitigated. Therefore, if this legislation offers a clear motivation for individuals and organisations to discover new , creative ways to minimise their effect on the environment is a critically significant factor that must be used to test any environmental policy.
5. Enforceability- There may be a normal inclination among
persons to assume that the implementation of a statute immediately
contributes to the correction of the issue of which it is
presented. This trend is depressingly high among the environmental
community.
Energy and services are needed by compliance.
People whose ambitions lay in not seeing environmental regulations
followed will still be there.