Any tool or method used by an organization to achieve general developmental goals in the production of, or in the regulation of, material resources. (Source: GEMET/OED); Incentive measures bring about an intended behaviour or outcome as an alternative to command and control measures - legal codes and prescriptions (Source: InforMEA)
Economic instruments are fiscal and other economic incentives and disincentives to incorporate environmental costs and benefits into the budgets of households and enterprises. The objective is to encourage environmentally sound and efficient production and consumption through full-cost pricing. Economic instruments include effluent taxes or charges on pollutants and waste, deposit-refund systems and tradable pollution permits. (Source: OECD Glossary of statistical terms)
Narrower: allocationbenefit sharingcertificationconservation easementcost-benefit analysisdebt swapenvironmental cost allocationfeelicencemicrofinancesubsidytax
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Multilateral environment agreements tagged with economic instrument
You can see below a list of multilateral environment agreements. Use the links on the right to view the content tagged with economic instrument. This includes official treaty texts, decisions, recommendations, and other related informational documents such as publications, annuals, meetings, documents or reports.