Environmental Regulation and Policy

Environmental regulation and policy refer to the rules and guidelines that governments create to protect the environment and manage natural resources. In the context of environmental economics, these regulations aim to balance economic growth with environmental sustainability. They often address issues like pollution control, resource conservation, and climate change, using tools such as taxes, permits, and standards. By influencing how businesses and individuals interact with the environment, these policies seek to reduce negative impacts, promote sustainable practices, and ensure that natural resources are available for future generations.