Defending the Public Domain: Pollution, Subsidies and Poverty
Scholarworks (University of Massachusetts Amherst)Published 2 May 2022Open access
Paul H. Templet
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Abstract
In recent decades, industry has come under criticism for failing to cover the environmental costs of doing businesses. When companies are allowed to pollute, or to use natural resources without paying their full price, they are in effect appropriating natural capital – land, air, and water – without compensation to society at large.
Keywords
Economics, Econometrics and Finance