Incentive-based policy design for pollution control and biodiversity conservation: a review

de Vries, F. P. and Hanley, N. (2016) Incentive-based policy design for pollution control and biodiversity conservation: a review. Environmental and Resource Economics, 63(4), pp. 687-702. (doi: 10.1007/s10640-015-9996-8)

Abstract

This paper provides a succinct review of the main developments in the literature on incentive-based policy mechanisms in the contexts of pollution control and biodiversity conservation, dating from the early beginnings of the science in the 1960s. A focal point in the review is on the design features of these policy mechanisms. Key developments in policy design were originally established in controlling externalities arising from pollution and have since been extended to policy design tailored towards biodiversity conservation. Special emphasis is given to the spatial characteristics of the environmental problems underlying both pollution control and biodiversity conservation. The paper concludes by drawing some lessons and setting out elements of a future research agenda in both policy domains.

• Item Type: Articles
• Additional Information: The authors are grateful to the European Investment Bank (EIB) for financial support through their EIB-University Research Action Programme (theme Financial and Economic Valuation of Environmental Impacts).
• Status: Published
• Refereed: Yes
• Glasgow Author(s) Enlighten ID: Hanley, Professor Nicholas
• Authors: de Vries, F. P., and Hanley, N.
• College/School: College of Medical Veterinary and Life Sciences > School of Biodiversity, One Health & Veterinary Medicine
• Journal Name: Environmental and Resource Economics
• Publisher: Springer
• ISSN: 0924-6460
• ISSN (Online): 1573-1502
• Published Online: 27 February 2016
• Copyright Holders: Copyright © 2016 The Authors
• First Published: First published in Environmental and Resource Economics 63(4): 687-702
• Publisher Policy: Reproduced under a Creative Commons License