Emissions trading takes place from two alternative baselines: 1) emission reduction credits (ERCs) in which the baseline is existing regulations which are often activity-based; or 2) cap-and-trade which specifies the total allowable emissions. This paper examines the effects of these two tradable...

This paper examines the rationale for regulating packaging waste and finds two goals that survive careful analysis: saving the social costs of waste disposal and reducing pollution from the manufacture of the packaging materials. We find that source reduction has reduced the disposal of soft...

This paper estimates the cost of reducing the mortality risks from asbestos exposure. We use a dose-response model to predict cancer-related fatalities caused by exposure to asbestos. We then estimate the cost of controlling these exposures in the workplace and calculate the cost per life saved...

Current Affairs brings together the views of a number of international experts on electricity and environment along with commentators familiar with Ontario's situation to begin a discussion of these issues.

A framework is concisely presented for the economic analysis of pollution problems and for evaluating proposed solutions. The substantial recent literature on environmental economics is reviewed and related to Ontario environmental policy. Topics include the theory of externalities as an...