Policy formulation for the management of hazardous pollutants

Hazardous pollutants pose a number of distinct problems for the public policy maker, most notably because of the uncertainty surrounding the effects of such pollutants and the potentially serious or irreversible outcomes of hazardous pollution damage. Policy approaches to the problem have generally used some kind of balancing approach—between costs and benefits, or between risks and benefits. Direct controls such as standards or bans are the most commonly used policy instruments in dealing with hazardous pollutants due to the certainty of outcome which they provide. However, many more regulatory options are available to the public policy maker, for example, economic incentives and legal procedures.