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Similar term(s): economic instruments.
Definition:
Instruments of environmental policies in which a change in technology,
behaviour or products is encouraged through financial incentives (either
subsidies, taxes, price differentiation or market creation).
Source & ©: Environmental Programme for the Danube River Basin G lossary
More:
Mechanisms that create a market for ecosystem services in order to improve the
efficiency in the way the service is used.
The term is used for mechanisms that create new markets, but also for
[actions] such as taxes, subsidies, or regulations that affect existing markets.
Source & ©:
Millennium Ecosystem Assessment
MA Glossary
Related words: Subsidy To read about this term in context: GreenFacts Digest on Ecosystem Change:
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