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Geosciences LibreTexts

5.1: Environmental Economics and Policies

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  • Learning Objectives

    After studying this chapter, you should be able to:

    • Define cost-benefit analysis.
    • Explain why discounting is controversial.
    • Explain the concept of external cost.
    • Know what incentive policies are, what they do, and what their strengths and weaknesses are.
    • List major international and US environmental laws and regulations.

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