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APPLICATION OF CVM TO THE LOS ANGELES HARBOR SPILL

ns will not act prejudicially to the environment.

Applying this reasoning to the protection of the environment has led to market approaches to solving the problem that exact charges against polluting activities, but that do not prohibit such activities (Braden, 1989, pp. 404-413). The assumption upon which such market approaches is based is that sufficiently high charges levied against polluters will result in a situation wherein the polluters will not be able to pass the increased costs along to their customers, and thus will cease the polluting activities (Smets, 1989, pp. 10-11). This type of market approach to the protection of the purity of the environment is being applied in the 1990s to curtail the pollution of Lake Michigan by agricultural operations (Braden, 1991, pp. 388-397).

One of the principal reasons why environmental protection legislation is difficult to enact and implement is that to do so causes present generations to sacrifice for the benefit (primarily) of future generations. Many politicians and econ

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APPLICATION OF CVM TO THE LOS ANGELES HARBOR SPILL. (1969, December 31). In LotsofEssays.com. Retrieved 10:09, May 13, 2024, from https://www.lotsofessays.com/viewpaper/1687057.html