Abatement Cost
Abatement cost is a cost which secures the reduction in pollution. It can be quoted as cost per unit or the total cost of achieving a given target. The concept of abatement cost applies to pollution which is caused by the production activities of firms and the consumption activities of the consumers. The marginal abatement cost should be equated to the marginal benefit to identify the efficient reduction in pollution.
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Abatement
Abatement is a reduction in degree, amount or intensity of an activity. Abatement in environmental economics is a term used to describe a reduction in the emission of pollutants. Behavioural abatement is consumption activities or changes in the lifestyle of consumers. Technical abatement means a measure involving the production of the activities of the firm which include introduction of new or amendment of existing processes or technologies. |
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