Abatement Cost

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Abatement Cost

The expense a business incurs as a result of cleaning or removing an undesired byproduct of its goods and services. Abatement cost is often associated with large manufacturing plants that must abide by environmental standards or city noise ordinances. However, it may apply to a small business also. For example, a dental office must bear the cost of disposing of medically hazardous material.
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developed/ adopted for assessing abatement costs and benefits of selected mitigation options
The recommendations by the report include: Improving emissions monitoring by better aligning incentives of auditors, providing regulators with real-time data on polluters' emissions, applying monetary charges for excess emissions, providing the public with information about polluters, and using markets to reduce abatement costs and pollution.
By comparing the present value of DuPont's actual legal liabilities with the present value of the abatement costs, the authors estimate that it was value-maximizing to pollute if the probability of getting caught was less than 19%.
At e*, total abatement costs for X equal [e.sub.M]Be* and total damages for Y equal [e.sub.T] Be* .
In this study, we identify a general functional form representing the cost of financial intennediation (as shown for C02 abatement costs by Nordhaus, The Energy Journal, 2009) with the aim of capturing the cost inefficiencies arising from financial exclusion ("incomplete participation").
On the other hand, if agents do not invest today, future abatement costs will be substantially larger than assumed by current policymakers, and optimal ambitions will fall; see Blackmon and Zeckhauser (1992).
By allowing emission sources with high abatement costs to offset higher onsite emissions by purchasing additional reductions from other, lower-cost polluters, they assert trade in pollution allowances reduces the total cost of achieving a given reduction in aggregate emissions.
Such chronic nuisance property ordinances propose that abatement costs be recovered from the violating property owner through the annual property tax bill, using the uniform collection method (UCM) under F.S.
These costs are termed as the CO2 abatement costs. These are the costs of reducing greenhouse gas emissions by a given amount (e.g.
Marginal abatement costs and naturally endowed rights to intergenerational resource equity are the two main concepts that the economists have applied to examine the various dimensions of climate change and provide economic policy solutions to manage it.
An environmental survey done by the state in 2012 estimated the environmental abatement costs for the property to be about $1.5 million.
According to Equation (3), firms make an adjustment to the competitive outcome that depends on the difference between their own marginal abatement costs at the permit endowment ([[theta].sub.i] - [w.sub.i]) and the average marginal abatement cost at the permit endowment ([MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII]).