Credit allocation is a potentially useful instrument for environmental policy. The authors propose the establishment of a U.S. Environmental Finance Authority, modeled on existing institutions that support home mortgage lending. They also call for a fundamental redirection of international financial institution lending so as to support environmentally beneficial projects and policies in developing countries.
- Business and Management Social Science Economics and Econometrics Public Policy
Available at: http://works.bepress.com/james_boyce/37/