The present paper focuses on the environmental impact deriving from the production of oil and gas and how it can be controlled by using both taxing and/or regulatory instruments. The incentive to use regulations and their impact depends on the level of government to which the regulatory...

Governing the environment is a complex task. The actual governance structure is the result of various processes occurred in many years. A political economy approach should be adopted to investigate the role of fiscal tools when environmental policies take place in a multi-layered structure of...