This volume contains a series of papers addressing economic instruments and environmental policy. Although advocated for a long time by economists, only recently have economic instruments gained more acceptance for use in implementing environmental policy. That is to say, there is a growing consensus within the European Union that both Member States and the environment would benefit from the use of such incentive based economic instruments. Written and edited by members of the Study Group on the Environment and Economics of the National Environmental Forum, which includes economists and social scientists from all of the major Dutch universities and research institutes, this book covers a wide range of topics on the use of taxation and tradeable permits in various abatement policies, and concludes with comments on political feasibility.