Environmental Economics-Pollution Taxes and Pollution Permits [IEcoS (Economic Services) Economics Paper-3]: Questions 1 - 8 of 10

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Question 1

Appeared in Year: 2010

Describe in Detail Subjective▾

What do you mean by environmental pollution? Evaluate different mechanisms to control environmental pollution.

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Explanation

Environmental pollution is defined as the contamination of the physical and biological components of the earth/atmosphere system to such an extent that normal environmental processes are adversely affected.

Mechanisms to control environmental pollution:

  • Water prevention and control of pollution act, 1974 enacted to deal with water pollution.
    • This act …

… (218 more words) …

Question 2

Appeared in Year: 2012

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Write short note on Dose Response Method.

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Explanation

Dose response method requires the information on the effect that a change in a particular pollutant will have on the level of an economic activity or a consumer՚s utility.

  • According to OECD, Dose-response method measures the relationship between exposure to pollution as a cause and specific outcomes as an effect. It refers to the damages or producti…

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Question 3

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Explain the empirical relationship between economic growth and environmental degradation.

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Explanation

Empirical Relationship between Economic Growth and Environmental Degradation

  • The empirical relationship between economic growth and environmental degradation was given by Simon Kuznets in 1991, who studied the hypothesis that the economic inequality increases with time and after a threshold point it becomes equal and starts declining as per capita i…

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Question 4

Appeared in Year: 2013

Write in Short Short Answer▾

Expand on the following three explanations for the Kuznets hypothesis about inequality and development – Cohort size hypothesis (10 marks)

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Question 5

Appeared in Year: 2014

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Can Kuznets′ hypothesis of inverted-U shaped curve be extended to environmental degradation? Explain (10 marks)

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Explanation

A theory put forth by Nobel winner Simon Kuznets demonstrates the link between economic inequality and development. This theory states that throughout the early stages of development, inequality will rise as the economy undergoes structural transformation. However, over time, as social indicators like literacy improve and government welfare program…

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Question 6

Appeared in Year: 2022

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Explain different categories of market-based instruments for environmental pollution.

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Explanation

Market-based instruments are tools used by governments to encourage industries to reduce environmental pollution. These tools work by offering economic incentives for companies to reduce their emissions. There are different types of market-based instruments for environmental pollution.

One type is the Emissions trading schemes, which set a limit on …

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Question 7

Appeared in Year: 2022

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What are the major achievements and failures of COP (Conference of Parties) 26? (15 Marks)

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Explanation

The 26th United Nations Climate Change Conference of Parties (COP26) was held in Glasgow, Scotland from October 31 to November 12,2021. The aim of COP26 was to bring together countries from around the world to address the issue of climate change and come up with concrete plans and targets to reduce greenhouse gas emissions and limit global warming.

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Question 8

Appeared in Year: 2022

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Why do developing countries rely on specifying a permissible level of pollution and impose it uniformly across all polluting units of the same kind? What are the problems associated with such a control method? (15 Marks)

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Explanation

Developing countries often rely on specifying a permissible level of pollution and imposing it uniformly across all polluting units of the same kind because it is a simple and straightforward way to regulate pollution. It can be difficult for developing countries to enforce more complex pollution control methods that require monitoring and regulati…

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