As the Polluter-Pays Principle is a fundamental principle of cost allocation, its analysis covers a substantial part of the vast field of environmental resource allocation. This report, originally published in 1975, presents a selection of relevant theoretical and practical analyses now that the...

Oil, coal and natural gas will remain the world’s dominant sources of energy over the next decades, with resulting carbon dioxide emissions set to increase to unsustainable levels. However, technologies that help reduce CO2 emissions from fossil fuels can reverse this trend. CO2 capture and...

Foreign direct investment (FDI) is one of the driving forces binding countries into closer economic interdependence. The rapid increase in FDI flows has generated considerable debate about its environmental implications, in particular the impacts on environmental quality in the investment host...

Environmentally related taxes are increasingly used in OECD countries, and ample and increasing evidence of their environmental effectiveness is now available. However, there remains a high potential for wider use of these environmental policy instruments, provided that they are well designed...