Fischer, Manuel; Foord, Daniel; Frecè, Jan Thomas; Hillebrand, Kirsten; Kissling-Näf, Ingrid; Meili, Rahel; Peskova, Marie; Risi, David; Schmidpeter, René Reinald; Stucki, Tobias (2023). Policy Instruments and Financial System In: Sustainable Business. SpringerBriefs in Business (pp. 91-104). Cham: Springer International Publishing 10.1007/978-3-031-25397-3_6
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This chapter introduces negative externalities, i.e., costs incurred by a third party without the polluter having to pay compensation, and exemplifies them by external costs of transport in Switzerland. Next, the chapter compares various policy instruments the state can use to address market failures in dealing with externalities. Finally, the role of the financial system is discussed, which can counteract the current market failure in connection with externalities via sustainable measures in the area of investment and lending.
Item Type: |
Book Section (Book Chapter) |
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Division/Institute: |
Business School > Institute for Sustainable Business Business School > Institute for Sustainable Business > Corporate Responsibility Business School |
Name: |
Fischer, Manuel; Foord, Daniel; Frecè, Jan Thomas  0000-0002-6062-6780; Hillebrand, Kirsten; Kissling-Näf, Ingrid 0000-0001-5225-1723; Meili, Rahel 0000-0002-1185-2781; Peskova, Marie; Risi, David 0000-0003-1652-8806; Schmidpeter, René Reinald and Stucki, Tobias 0000-0002-2400-0107 |
ISBN: |
978-3-031-25396-6 |
Series: |
SpringerBriefs in Business |
Publisher: |
Springer International Publishing |
Language: |
English |
Submitter: |
David Risi |
Date Deposited: |
27 Aug 2024 11:24 |
Last Modified: |
27 Aug 2024 11:24 |
Publisher DOI: |
10.1007/978-3-031-25397-3_6 |
Uncontrolled Keywords: |
Negative externalities Invisible hand Market failure Marked-based instruments Border taxes Environmental, social, and governance (ESG) factors |
ARBOR DOI: |
10.24451/arbor.22277 |
URI: |
https://arbor.bfh.ch/id/eprint/22277 |
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