.

INDEX

1. OVERVIEW

2. NEOCLASSICAL ECONOMICS AND THE ENVIRONMENT

(a) Neoclassical Economics

... (i) Overview
... (ii) Market Failure
... (iii) State Failure

(b) The Tragedy of the Commons

... (i) Overview
... (ii) Decimation of Raw Resources & Biological Capital
... (iii) Atmospheric Pollution
... (iv) Australian Economy

(c) Incommensurate Goods

... (i) Overview
... (ii) Existence Values
... (iii) Intergenerational Equity
... (iv) Health & Sanity
... (v) Private Ownership of Natural Resources

(d) Modern Neoclassicists

... (i) Pigou, Coase & Boulding
... (ii) Neoclassical Rallying
... (iii) Cost Benefit Analyses

(e) The Sustainable Market

... (i) The Nature of ôDevelopmentö
... (ii) Low Impact, Low Demand Sustainable Lifestyle

(f) Triangulation

3. REGULATORY CHARACTERISTICS OF THE ENVIRONMENTAL LEGAL SYSTEM

(a) Overview

(b) Command & Control Regulation

(c) Facilitation of Consensus

(d) Economic Instruments For Environmental Purposes

... (i) Overview
... (ii) Discharge Fees
... (iii) Treatment Fees
... (iv) Environment Taxes & User Fees
... (v) Product Charges
... (vi) Tradable Pollution Rights
... (vii) Tradable Resource Rights
... (viii) Deposit Refunds
... (ix) Performance bonds
... (x) Subsidies for Non-Pollution

4. SITE REVENUE -- GENERAL

(a) Introductory

(b) Assessment & Collection Mechanisms

(c) Broad Economic Effects

(d) Specific Planning Effects

(e) Site Revenue and the Environment

(f) Political Realities

5. STRUCTURE & OPERATION OF ECONOMIC INSTRUMENTS FOR ENVIRONMENTAL PURPOSES

(a) Overview

(b) Independent Authorities

(c) Calculation of Charges

... (i) Introductory
... (ii) Target of the Charge
... (iii) Discounting
... (iv) Purpose of Reserve Benchmarks

(d) Assessment of EIEPS for Point Pollution ... (i) The Nature of Point Pollution
... (ii) Difficulties in Monitoring & Assessing Point Pollution
... (iii) Categories of Wastes
... (iv) Neutralization of Non-Hazardous Wastes
... (v) Neutralization of Hazardous Wastes

(e) Assessment of EIEPS for Non-Point Pollution

... (i) The Nature of Non-Point Pollution
... (ii) Peculiar Difficulties of Non-Point Pollution
... (iii) Carbon Sequestration

(f) Assessment of EIEPS for Renewable Resource Extraction

... (i) Introductory
... (ii) Valuation of a Renewable Resource

(g) Assessment of EIEPS for Non-Renewable Resource Extraction

... (i) Introductory
... (ii) Auctioning Quotas for Non-Renewable Resource Extraction
... (iii) FinderÆs Fees

(h) Earmarking of EIEP Revenue

6. CONCLUSION

CONTINUED