[Figure 1] Cuyahoga River in Peninsula, OH. Thanks to the Clear Water Act, billions of pounds of pollution have been kept out of the river.
Learning Outcomes
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.
