Market-Based Instruments for Environmental Policymaking in by Jack Ruitenbeek, Ronaldo Seroa de Motta, Richard M. Huber

By Jack Ruitenbeek, Ronaldo Seroa de Motta, Richard M. Huber

To maintain the surroundings with the bottom attainable expense to the social region signifies that inner most expenses may be aligned with social expenditures. Many governments within the Latin American and Caribbean sector are doing this now utilizing market-based tools (MBIs). This ebook investigates using MBIs within the Latin the United States and the Caribbean (LAC) context. The research covers a pattern of 11 nations within the zone and a cross-section of environmental concerns in an city surroundings.

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Additional info for Market-Based Instruments for Environmental Policymaking in Latin America and the Caribbean: Lessons from Eleven Countries (World Bank Discussion Paper)

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The definition used in this study builds on the commonly held understanding that an MBI must, foremost, attempt to align private costs with social costs to reduce negative environmental externalities. The particular strength of an MBI then depends on the degree of flexibility that a polluter has in achieving a given environmental target. A weak MBI essentially dictates through regulation the type of process that must be used; failure to comply results in economic sanctions. A strong MBI would allow market forces to determine the best way to meet a given standard or goal.

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