Objectives :

The primary goal of this assignment is to apply the principles of environmental economics to analyze and assess the economic impacts of various environmental policies. Through this assignment, I will develop a comprehensive understanding of how economic principles intersect with environmental issues and the role of policies in addressing environmental challenges.

Instructions:

1. Topic Selection: We choose a specific environmental issue or challenge (e.g., climate change, air pollution, water scarcity, deforestation) to focus on for this assignment.

The Chosen Topic is :

TOPIC

Land, Atmosphere and Ocean Pollution

Focus Sub-Topics

Economic and Environmental Impacts of Non-biodegradable Plastics

2. Literature Review: Conduct a literature review on the chosen environmental issue.

A. Identify and summarise key economic theories, concepts, and models related to the problem. B. Provide an overview of existing environmental policies and their economic implications.

3. Case Study Analysis: A. Select at least two real-world case studies where environmental policies were implemented to address the chosen issue.

B. Evaluate and compare the economic outcomes of these policies. Consider factors such as cost-effectiveness, efficiency, and distributional impacts.

4. Cost-Benefit Analysis: A. Perform a cost-benefit analysis for the selected environmental policies.

B. Discuss the challenges and uncertainties in estimating costs and benefits. Consider both short-term and long-term impacts.

5. Market-Based Instruments: A. Explore the concept of market-based instruments (e.g., carbon pricing, cap-and- trade systems) as potential solutions to the environmental issue.

B. Assess the economic efficiency and feasibility of implementing these instruments.

6. Policy Recommendations: A. Based on your analysis, propose policy recommendations for addressing the chosen environmental issue.

B. Consider the economic, social, and environmental aspects of these recommendations.

C. Discuss potential trade-offs and ways to mitigate negative impacts.

This assignment is designed to foster collaborative learning, critical thinking, and the application of environmental economics principles to real-world issues.