Question

Mention two disadvantages of regulatory instruments for correcting environmental pollution

Answer 1

1. It is expensive for controllers to assemble important data, and they frequently need to gather it from the sources that they are directing – making the probability for wrong or untrustworthy reporting.  
2. Polluters have almost no option about how to carry out the standard; in this manner, there are no ways or incentives to inquire about new and imaginative approaches to lessen their discharges or emissions.  
3. Taxes on these instruments have to be effective, firms should  have approach to less polluted alternatives. As they are consistently connected crosswise over broad classifications of sources, it is improbable that it could be the most savvy approach/ cost effective technique to diminish discharges as marginal costs will fluctuate among the sources.