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231. Dealing With Construction Permits In Cameroon: Evaluation And Recommendations For Policymakers

Author:
Dr. Louis-Marie Kakdeu, Ulrich D’POLA KAMDEM, and Egoh Aziz
Publication Date:
09-2020
Content Type:
Special Report
Institution:
The Nkafu Policy Institute
Abstract:
The building permit is an urban planning authorization issued by the City council of the municipality where the project is located. In Cameroon, it is issued to anyone wishing to engage in a construction initiative, change the location of an existing construction, modify its external appearance or volume, and even to create additional levels. To deliver the document, the technical services check that the planned constructions comply with the town planning regulations concerning the layout of the works, their nature, location, architecture, layout of their surroundings, and respect the general rules of construction in force. They also check whether the work plan has been drawn up under the responsibility of an architect who is a registered member of the National Order of Architects of Cameroon.
Topic:
Political Economy, Infrastructure, Governance, Regulation, and Local
Political Geography:
Cameroon

232. In Defense of Alternatives to Pollution Pricing

Author:
Garth Heutel
Publication Date:
05-2020
Content Type:
Policy Brief
Institution:
Economics for Inclusive Prosperity (EfIP)
Abstract:
2020 marks the 100th anniversary of the publication of economist Arthur Cecil Pigou’s The Economics of Welfare. This book is widely recognized as introducing the concept of Pigouvian welfare economics, that is, of using the basic tools of neoclassical economics to study how to improve the functioning of the economy and people’s lives. While Pigou’s analysis touched on many topics in the economy, the part of Pigouvian welfare economics most remembered today by environmental economists (and perhaps by anyone who has taken an introductory microeconomics course) is his theory of externalities. Pigou argued that externalities, like pollution or congestion, create market failures, but that they can be cost-effectively remedied using taxes or subsidies. These price policies have come to be known as Pigouvian pricing, or Pigouvian taxes or subsidies. If there is one common lesson argued by most environmental economists today regarding the design of environmental policy, it is: the best way to correct the market failure caused by pollution is Pigouvian pricing. According to this argument, a price should be levied on pollution equal to the value of the damages it causes to society. The price can be directly applied via a pollution tax, or indirectly via a cap-and-trade system where the permit price becomes the Pigouvian price on pollution. If the price is correct, then the most efficient outcome will be realized, and it will be achieved at the lowest possible cost to society. A corollary is that environmental policies other than price policies, for example technology mandates or performance standards (what economists often call “command-and-control” policies), are inferior and should not be used.
Topic:
Economics, Environment, Natural Resources, Regulation, Macroeconomics, Microeconomics, Pollution, and Price
Political Geography:
Global Focus