FISCAL AND NON-FISCAL INSTRUMENTS FOR POLLUTION CONTROL

Abstract

In the first part of the paper we define environmental pollution and discuss the various associated economic theories and principles. We note that pollution may be man-made or natural and the solution to the problem may depend on that. We study both fiscal and non-fiscal pollution control instruments that have been considered in theory and in practice. A brief account of the pollution control instruments adopted in Singapore is given. Lastly, we discuss the haze problem in the region and its possible solutions. Following this, a conclusion is made for the issues addressed in the paper.