How can emission charges encourage businesses to be innovative? Provide a specific example of this. Compare this approach with a standard regulation from a central authority.© BrainMass Inc. brainmass.com June 4, 2020, 3:00 am ad1c9bdddf
How can emission charges encourage businesses to be innovative?
Emission charges are per unit taxes placed on emissions of specified pollutants (Tietenberg and Draggan, 2012) . Emission fees can encourage businesses to be innovative and many have come to appreciate the vital connection between sustainability and competitiveness. The world's largest firms regularly report environmental performance as a result, highlighting their commitment to sustainability. This acts as a tool for reducing risk, increasing efficiency, driving innovation and building tangible value (Tietenberg and Draggan, 2012). Sustainability has delivered increases ...
This solution discusses whether emissions charges are sparking innovation in businesses and provides some examples to illustrate the point.