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The environmental costs which the economic actors of the free market production system charge on society are called negative externalities. The artificial markets of polluting emissions trades constitutes a very promising economic tool to orientate the free market arena to self-sustaining dynamics in equilibrium with the environmental priorities expressed by society. Thanks to those, the policy makers could become more important actors and agile social drivers of the culture of sustainability, targeting both technology and market, on the welfare of society.
US and German experiences are analysed: bubbles, netting, offsets, banking approaches are harmonised in an original integrated system.

Additional information

Authors: BONNAZZI M, JRC Ispra (IT)
Bibliographic Reference: EUR 17269 IT (1996) 13pp., FS, free of charge
Availability: Available from the Public Relations and Publications Unit, JRC Ispra, I-21020 Ispra (IT), Fax: +39-332-785818
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