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Green taxes, blue taxes

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  • Christopher L. Shaw

Abstract

Central governments are facing increasingly stringent demands to lead the clean‐up of public resources. Historically, governments have chosen legislation and regulation to address these concerns and achieved mixed results, but another tool of public policy holds significant promise and is gaining ground in the policy debate: ‘green’ taxes. The potential of a tax system to mitigate environmental externalities is explored. The theory of pollution tax is reviewed and a comparison of two country cases where taxes have been designed explicitly to reduce industrial effluents and improve the quality of fresh water resources is presented. If structures to approximate social costs are federally mandated and regionally implemented, a comprehensive tax system can constitute an integral part of an effective response to private spoliation of the commons.

Suggested Citation

  • Christopher L. Shaw, 1991. "Green taxes, blue taxes," Natural Resources Forum, Blackwell Publishing, vol. 15(2), pages 123-131, May.
    • Handle: RePEc:wly:natres:v:15:y:1991:i:2:p:123-131
    DOI: 10.1111/j.1477-8947.1991.tb00123.x
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    References listed on IDEAS

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    1. Francis M. Bator, 1958. "The Anatomy of Market Failure," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 72(3), pages 351-379.
    2. Harold Hotelling, 1931. "The Economics of Exhaustible Resources," Journal of Political Economy, University of Chicago Press, vol. 39(2), pages 137-137.
    3. Plourde, Charles & Yeung, David, 1989. "A model of industrial pollution in a stochastic environment," Journal of Environmental Economics and Management, Elsevier, vol. 16(2), pages 97-105, March.
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    Cited by:

    1. Ayesha K Dias & Mary Begg, 1994. "Environmental policy for sustainable development of natural resources," Natural Resources Forum, Blackwell Publishing, vol. 18(4), pages 275-286, November.

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