SCIENCE
ENVIRONMENTAL SCIENCES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Command-and-control
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cap-and-trade
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short-term costs and benefits
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None of the above
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Detailed explanation-1: -1 Specifically, this chapter discusses the following four general approaches to environmental policy making: (1) command-and-control regulation; (2) market-based incentives; (3) hybrid approaches; and (4) voluntary initiatives.
Detailed explanation-2: -"Command and control” regulations focus on preventing environmental problems by specifying how a company will manage a pollution-generating process. This approach generally relies on detailed regulations followed up by an ongoing inspection program.
Detailed explanation-3: -The legal environment includes various laws like Companies Act 2013, Consumer Protection Act 1986, Policies relating to licensing & approvals, Policies related to foreign trade etc.
Detailed explanation-4: -The Ministry is responsible for addressing the following issues: Promote the protection, restoration, and conservation of ecosystems, natural resources, goods, and environmental services and facilitate their use and sustainable development. Develop and implement a national policy on natural resources.