is that polluters, who usually do not suffer from their activities, will try to reduce their emissions if they have to pay for them. By making polluters pay, society also generates funds to compensate those that experience the negative effects of pollution. Polluter pays’ schemes can therefore lead to a cleaner environment, improved economic efficiency and higher social welfare. Often local taxpayers have to pay the main cost of the clean-up from oil, chemical or mining accidents rather than those…
Words 2221 - Pages 9