Languages:

Market-based instruments

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 Glossary  

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 Glossary 

Related words:

Subsidy

To read about this term in context:

GreenFacts Summary on Ecosystem Change:

Translation(s):

Español: Instrumentos económicos
Français: Instruments économiques

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