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An Analysis of Economic Instruments that will Minimise the Discharge Waste onto the Environments

Sathiendrakumar, R. (2000) An Analysis of Economic Instruments that will Minimise the Discharge Waste onto the Environments. In: International Symposium and Exhibition on Waste Management in Asian Cities, 23-26 October 2000, Hong Kong, China

Abstract

In the past the assumption was that environmental resources were free and unlimited and this leads to both environmental damage and rapid resource depletion. Now humanity is realising that natural resources are scarce. Once scarcity is accepted, appropriate technology will be developed to minimise waste generation. Waste reduction is consistent with the principle of sustainable development. There are two basic problems with the disposal of municipal solid waste. The first is that the opportunity cost of land used as land-fills is not very low and is rising. The second problem is the NYMBY syndrome (not in my back yard). Even if the opportunity cost of land-fill is small, this NYMBY syndrome will make using of land-fills an unattractive option due to increasing transportation cost. The paper aims in identifying various mixes of economic policy instruments that may be available to dispose municipal waste. The paper then tries to illustrate how using a mix of policy instruments, rather than using single instruments might bring about efficiency in waste minimisation to a level that is 'acceptable' to the society.

Publication Type: Conference Paper
Murdoch Affiliation: Murdoch Business School
Publisher: International Solid Waste Association (ISWA)
Copyright: International Solid Waste Association (ISWA)
Conference Website: http://www.iswa.org/
URI: http://researchrepository.murdoch.edu.au/id/eprint/9395
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