THE INSTRUMENTS OF THE ENVIRONMENTAL POLICY’S ECONOMIC REGULATION WITH A PARTICULAR REGARD TO THE HUNGARIAN SYSTEM
THE INSTRUMENTS OF THE ENVIRONMENTAL POLICY’S ECONOMIC REGULATION WITH A PARTICULAR REGARD TO THE HUNGARIAN SYSTEM

Summary/Abstract: The paper describes the environmental policy regulation’s theoretical basis in economics with a particular regard to the main elements of the theories of Pigou, Baunol and Oates, and Coase. Different analytical methods which play an important role in case of economic instruments of environmental policy are presented. The environmental objectives are going to be reached by the implementation of economic instruments and the essential considerations in the formation of an effective system of assets are also described. The theoretical basis of the implementation of economic instruments of environmental policy in the European Union and the problems emerged, and the implementation of economic instruments in Hungary in respect of the OECD Report are key features. At the end of the paper the system of the economic instruments of environmental policy (environmental taxes, environmental subsidies) are described according to the Hungarian regulations in force.

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