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Term

market-based instrument

Term

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.

Synonyms:

Source:

EEA Glossary

Context:

Comment

Definition source publication

EEA based on UNEP's definition.

Publication year

Definition source URL

http://www.unepie.org/pc/cp/understanding_cp/cp_policies.htm#2

Organisation

Organisation full name

EEA based on UNEP's definition

Subjects

Long definition

Permalinks

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Permalink to latest version: 4bf9fa1a122244148ac35da1f0b0e0f3

For references, please go to https://www.eea.europa.eu/help/glossary/eea-glossary/market-based-instrument or scan the QR code.

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