|
|
|
| French
Equivalent: Externalités écologiques |
| Definition: |
Environmental externalities refer to the economic concept of uncompensated environmental effects of production and consumption that affect consumer utility and enterprise cost outside the market mechanism.
As a consequence of negative externalities, private costs of production tend to be lower than its “social” cost. It is the aim of the “polluter/user-pays” principle to prompt households and enterprises to internalise externalities in their plans and budgets.
|
| Source
Publication: |
|
Glossary of Environment Statistics, Studies in Methods, Series F, No. 67, United Nations, New York, 1997.
|
| Statistical
Theme: Environmental statistics |
| Created
on Tuesday, September 25, 2001 |
| Last
updated on Tuesday, March 4, 2003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
