There are several instruments that allow the internalization of externalities such as the Standards, tax, cap and trade. Consider the case of 5 cement production plants and 5 power generation plants producing CO2 and SO4 in a given country.  Please compare the three instruments mentioned above and their

Solid Waste Engineering
3rd Edition
ISBN:9781305635203
Author:Worrell, William A.
Publisher:Worrell, William A.
Chapter1: Integrated Solid Waste Management
Section: Chapter Questions
Problem 1.17P
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There are several instruments that allow the internalization of externalities such as the Standards, tax, cap and trade.

Consider the case of 5 cement production plants and 5 power generation plants producing CO2 and SO4 in a given country. 

Please compare the three instruments mentioned above and their efficiency in reducing the 2 pollutants

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