Market-Based Approaches for Managing the Asian Environment: A Review

Herath Gunatilake () and Franklin de Guzman ()
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Herath Gunatilake: Asian Development Bank
Franklin de Guzman: Asian Development Bank

No 124, ADB Economics Working Paper Series from Asian Development Bank

Abstract: This paper identifies inadequate effort to use market-based approaches, among others, as a reason for limited progress in arresting continuing environmental degradation in the Asia and Pacific region. Quoting examples, the paper asserts that markets can be created for ecosystem protection and provision of ecosystem services under innovative regulatory mechanisms; and that use of market based approaches can reduce the dependency on unsustainable financing for environmental management. The paper also briefly discusses the role of governments, donors, and other stakeholders in creating the enabling policy and institutional framework for introducing market-based approaches.

Keywords: Asia and Pacific; environmental degradation; market-based approaches; regulatory mechanisms; unsustainable financing (search for similar items in EconPapers)
JEL-codes: O13 O44 Q58 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2008-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0124

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