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MARKET-BASED INSTRUMENTS

Statistics Directorate    
Definition:
Market-based instruments seek to address the market failure of 'environmental externalities' either by incorporating the external cost of production or consumption activities through taxes or charges on processes or products, or by creating property rights and facilitating the establishment of a proxy market for the use of environmental services.

Source Publication:
OECD, 2007, Business and the Environment: Policy Incentives and Corporate Responses, OECD, Paris.

Statistical Theme: Environmental statistics

Created on Monday, July 23, 2007