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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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© Adam Bailey and Economic Droplets, 2012-2025.
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Author Archives: Adam Bailey
Reducing Pollution with a Combined Tax and Subsidy
Commonly discussed options for reducing pollution at minimum economic cost are taxes, subsidies and marketable permits. A combined tax and subsidy should be added to this list. Suppose a government wants to reduce an industry’s emissions of a pollutant to … Continue reading
Posted in Pollution
Tagged combined tax and subsidy, emissions, pollution, Tinbergen rule
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Climate Change and Trade
Policies on climate change need to address both mitigation and adaptation. An open trading system should be a part of any adaptation strategy. Thinking about trade in the context of climate change may bring to mind specific forms or aspects … Continue reading
Groundwater – the Essentials
Everyone is familiar with water in the form of rain, rivers, lakes and seas. But groundwater is less well-known. Here are the essentials, in Question and Answer form. What is groundwater? Underground water in saturated layers of porous rock or … Continue reading
Posted in Agriculture, Water
Tagged falling water tables, groundwater, groundwater pollution, tubewells
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Puma’s Environmental P&L
Puma, a sportswear company, has created a stir with its ‘environmental profit and loss’ (EPL) account. It is a praiseworthy initiative, but the results should be used with care. Environmental reporting by companies is not new. Puma’s innovation is to … Continue reading
Posted in Environment (general)
Tagged environmental externalities, environmental p&l, Puma
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