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What Is an Environmental Impact Statement (EIS)? What Is the Role

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Essay

What is an environmental impact statement (EIS)? What is the role of an environmental impact statement, and who is required to prepare it?


Definitions:

Pollution Permits

A system where companies are given allowances to emit a certain amount of pollutants, with the option to buy or sell permits based on their needs.

Pollution Rights

Tradable permits or certificates that allow the holder to emit a specific amount of pollution; used to regulate and limit overall pollution.

Demand Curve

A visual depiction showing the connection between the cost of a product or service and how much of it is wanted over a specific time frame.

Positive Externality

A benefit that affects someone who did not choose to incur that benefit, typically associated with public goods or services, like education or vaccination.

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