Market-Based Instruments Financing Nature-Based Solutions
Robert C. Brears ()
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Robert C. Brears: Our Future Water
Chapter Chapter 5 in Financing Nature-Based Solutions, 2022, pp 75-104 from Palgrave Macmillan
Abstract:
Abstract Market-based instruments (MBI) implement the polluter pays principle, which internalises environmental costs into the prices of relevant products and activities. As a result, MBIs results in prices that better reflect the total value of environmental goods and services and the costs of polluting production. MBIs also generate revenues that can be used for the implementation of nature-based solutions (NBS). This chapter will first discuss the main categories of MBIs before reviewing a range of common MBIs, including environmental taxes and charges, subsidies, grants, rebates, and tradable permits, that can be used to scale up and mainstream NBS.
Keywords: Market-based instruments; Environmental taxes; Subsidies; Tradable permits (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-93325-8_5
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DOI: 10.1007/978-3-030-93325-8_5
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