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Regulatory economics is the application of law by government or regulatory agencies for various economics-related purposes, including remedying market failure, protecting the environment and economic management.
To protect the environment from the adverse effects of pollution, many nations worldwide have enacted legislation to regulate various types of pollution as well as to mitigate the adverse effects of pollution. At the local level, regulation usually is supervised by environmental agencies or the broader public health system.
Monitoring is an important tool used by national regulatory authorities in carrying out the regulated activities. [8] In some countries (in particular the Scandinavian countries) industrial relations are to a very high degree regulated by the labour market parties themselves (self-regulation) in contrast to state regulation of minimum wages etc ...
Because EPA's authority to regulate GHG emissions has such significant implications for the economy, the environment, and our society at large, it is a topic of interest to a broad range of organizations including Congress, the courts, the states, environmental organizations, and the regulated industry.
Environmental issues are often regional or nationwide and this is reflected in regulation. Some problems are addressed at the federal level or the state level, while others are regulated by both. Under the 10th amendment, any area over which the federal government does not have authority is under state authority.
The condition of the environment into which the pollutant enters is central to these standards. It can be subdivided into ambient and receptor standards. Ambient standards set the targets that apply to the regulators and policy makers. Whereas Receptor standards apply to the regulated and state that a specified maximum level is not to be exceeded.
Environmental laws are laws that protect the environment. [1] Environmental law is the collection of laws, regulations, agreements and common law that governs how humans interact with their environment. [2]
A regulatory agency (regulatory body, regulator) or independent agency (independent regulatory agency) is a government authority that is responsible for exercising autonomous jurisdiction over some area of human activity in a licensing and regulating capacity.