Answer to Question #287970 in Economics for Sue

Question

Explain, briefly using as many examples as possible how conservationists and other private individuals were able to increase the amount of environmental quality, though it is a public good, by the use of permits, credits, or certification.

Answer 1

Environmental quality is described as examining an environment's condition comparable to the necessities of any human want or motive. Both the built and natural environment are included in environmental quality, where their possible impacts on mental and physical health are analyzed.

Conservationists used tradable permits in increasing the quantity of environmental quality by apportioning the access to environmental resources.

A company can earn pollution credits by voluntarily reducing polluting emissions below limits.

The benefit of environmental certification for consumers is that they can purchase products with the knowledge of the company's environmental standards and procedures, therefore giving the general public the option to consume in an ethical way.