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Mining economics and the environment

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  • R. Poulin
  • K. Sinding

Abstract

A mining operation can affect the environment adversely and create costs to others that are external to the mining firm, if no constraints are imposed. To deal with this problem of externalities, various regulatory steps can be taken, eg effluent taxation, subsidies, regulation of emissions by command, and use of emission permits that are tradeable. Bargaining between the polluter and the damaged party over the level of production and compensation remains a more theoretical option. Regardless of what regulatory approach is adopted to transform external costs into internal costs, the resulting higher costs will have an impact on the decisions of a mining firm. Information processes, traditionally focused on finding deposits, have now been broadened to include an environmental dimension. Operating practices can be modified to reflect the need for stable long‐term solutions of waste disposal problems. On the industry level, environmental regulation may lead to sterilization of resources, to higher prices for some commodities and to distortions of competitiveness among commodity producing countries.

Suggested Citation

  • R. Poulin & K. Sinding, 1993. "Mining economics and the environment," Natural Resources Forum, Blackwell Publishing, vol. 17(2), pages 157-163, May.
  • Handle: RePEc:wly:natres:v:17:y:1993:i:2:p:157-163
    DOI: 10.1111/j.1477-8947.1993.tb00171.x
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    References listed on IDEAS

    as
    1. Slade, Margaret E., 1982. "Trends in natural-resource commodity prices: An analysis of the time domain," Journal of Environmental Economics and Management, Elsevier, vol. 9(2), pages 122-137, June.
    2. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249.
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