The Theory of Environmental Agreements and Taxes: CO2 Policy Performance in Comparative Perspective

Overview

"Drawing on insights from new institutional economics, environmental economics, collective action theory and social capital theory, the author analyses how policy outcomes are influenced by institutional factors that constrain and empower the target groups of environmental regulation." "This is the first attempt towards a general theoretical treatise of voluntary environmental agreements, based on a dual institutionalist approach that allows for comparisons between environmental taxes and agreements. The author systematically compares the
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Overview

"Drawing on insights from new institutional economics, environmental economics, collective action theory and social capital theory, the author analyses how policy outcomes are influenced by institutional factors that constrain and empower the target groups of environmental regulation." "This is the first attempt towards a general theoretical treatise of voluntary environmental agreements, based on a dual institutionalist approach that allows for comparisons between environmental taxes and agreements. The author systematically compares the performance of the radically different CO[subscript 2] policy strategies of Austria, Denmark and the Netherlands - non-intervention, earmarked CO[subscript 2] taxes and energy agreements. From this unique cross-national study, it is concluded that CO[subscript 2] taxes are generally more effective than voluntary energy agreements which, if practised in specific institutional settings, will outperform laissez-faire policy alternatives." This book will be required reading for environmental economists, political scientists and climate change researchers. It will also provide policymakers with useful empirical evidence and advice on how to design voluntary environmental agreements and green taxes to maximise environmental benefits.
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Product Details

Table of Contents

1 Introduction 1
2 Approaches to environmental governance in economics and political science 19
3 A dual institutional approach 38
4 Voluntary agreements and the free-rider problem 59
5 Institutions, social capital and voluntary environmental agreements 77
6 On the institutional design and effectiveness of green taxes 100
7 Comparative analysis of CO[subscript 2] policies towards the industrial sector 120
8 Indirect regulation of industrial CO[subscript 2] pollution in Austria, Denmark and the Netherlands 141
9 A comparative analysis of CO[subscript 2] policy performance at the national level 167
10 Econometric analysis of industrial CO[subscript 2] emissions over the period 1958-2000 187
11 The micro-level : policy stimulation of cleaner energy technologies 221
12 Reflections on theory and policies 246
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