Environmental & Resource Economics(6)

The Trump administration has announced that one of the programs that will be eliminated to reduce the Agency's costs is Energy Star.

a. List the requirement of residences that can be labeled as Energy Star.

b. The Energy Star program is considered a voluntary program. Compare the objectives of a command and control policy versus those that are purely voluntary in the long run (e.g. efficiency gains). For example, discuss under which political infrastructure, we can achieve quicker environmental goals.

c. Why firms would undertake environmental voluntary actions, and if they do, how meaningful (in environmental terms) are these actions?