The Market of Tradable Emission Rights and Possibilities of Its Implementation in Poland

• Autorzy: Bogusław Fiedor , Andrzej Graczyk , Zbigniew Jakubczyk
• Języki publikacji: EN

Abstrakty

EN

The system of direct regulation, which has been functioning in the United States, came in for severe criticism at the beginning of the seventies. The primary objection raised regards the negative aspect of its high costs of implementation. The most radical criticism of direct methods of regulation of the state of environment, however, derives from the concepts which postulate extending private property rights over environmental sources and creating, by the state, a specific "market of emission rights". The latter should function according to principles similar to the ones operating in every private market. The concept of the market under consideration is based on the following three fundamental premises: 1. The system of private (individual) property rights ought to also extend over the environmental commodities and resources. This is the basic condition of removing or limiting the range of occurrence of external ecological damage in the sphere of economic utilization and/or pollution of the environment. 2. Similarly, as in the case of other commodities and production factors, in the market of tradable emission rights the principle that prices reflect the scarcity of a certain economic good (resource) must be taken into account. In this case, it means that the relatively rarer the 'pure' environmental resources are, the more expensive to a given economic subject the purchase of the right to burden the environment with the emission of harmful pollutants or waste should be. 3. Protection of the environment must not carried out by any means, or in an ineffective way, that is so to say at the lowest possible social cost, realized at the cost or against the market. On the contrary, its realization should be implemented through and thanks to the market. The market of pollutants and protection of the environment ought to be embedded - by introducing institutional alterations initiated by the state - into the system of market economy. (fragment of text)

Słowa kluczowe

EN

Pollution emission; Entitlement to emissions

PL

Emisja zanieczyszczeń; Uprawnienia do emisji zanieczyszczeń

• Czasopismo: Economic and Environmental Studies
• Rocznik: 2002
• Numer: Vol. 2
• Strony: 199--223

Twórcy

autor

Bogusław Fiedor

• Wrocław University of Economics, Poland

autor

Andrzej Graczyk

• Wrocław University of Economics, Poland

autor

Zbigniew Jakubczyk

• Opole University, Poland

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