1. Green Taxes/Subsidies VT Law School Class 7 Gary Flomenhoft, Research Associate Gund Institute Burlington, VT

2. Rival} Non-rival} Excludable Non-Excludable Market Good: Food, clothes, cars, land, timber, fish once captured, farmed fish, regulated pollution Potential market good (Tragedy of the “non- commons”)but inefficient: patented information, Pond, roads (congestible), streetlights Pure Public Good: climate stability, ozone layer, clean air/water/land, Biodiversity, information, habitat, life support functions, etc. Open Access Regime: (misnamed: Tragedy of the commons) Oceanic fisheries, timber etc. from unprotected forests, air pollution, waste absorption capacity Non-rival, congestible Private beaches, private gardens, toll roads, zoos, movies Public beaches, gardens, roads, etc.

3. Non-market allocation mechanisms Government International agencies NGOs Individuals Families Others?

4. EU Green taxes

5. EU Types of Green taxes

6. GREEN TAX SHIFT

7. Oil Subsidies