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Environmental policy and air pollution
Introduction and overview of the policy relationship Over the time, environmental policies play the role of conserving resources which are natural within the ecosystem; they do this through making sure that there is a balance in the protection of the environment with the property rights, energy production, economic growth and public health. In order to achieve these regulations, laws need to be passed by all the levels of the government and they should be influenced by individuals who have multiple agendas. The pollution of air remains very harmful, though it is not visible and this according to the latest results which were released by researchers, the outcome shows that it …show more content…
New technology also, needs to be put to use to make sure that, the companies and regulators are in a position to buy cameras that are able to see the light which is infrared. This will make sure that invisible chemicals are displayed well and those chemicals include substances such as ethylene.
The pros and cons of each potential reform (costs v. benefits)
The pros and cons of the costs and benefits analysis can be discussed as below,
Pros
The policies consist of learned scholars in cost-benefit analysis, in the sector of regulatory policy, hence they help in making sure that the decision which they give according to the concept of Kaldor-Hicks is the best ever in terms of compensating losers.
Cost-benefit analysis is a mean of prevailing the evaluation of policies in the administration sectors.
Cons
It does not in any manner present the default principle.
It is associated with moral and technical problems that include that in most cases include a lot of difficulty in settling the future benefits and