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ECONOMIC INSTRUMENTS FOR ENVIRONMENTAL …
ECONOMIC INSTRUMENTS FOR ENVIRONMENTAL management AND SUSTAINABLE DEVELOPMENT Page 1 UNITED NATIONS ENVIRONMENT PROGRAMME (UNEP) Environment and Economics Unit (EEU) ECONOMIC INSTRUMENTS FOR ENVIRONMENTAL management AND SUSTAINABLE DEVELOPMENT by Theodore Panayotou International Environment Program Harvard Institute for International Development Harvard University December, 1994 Prepared for the United Nations Environment Programme's Consultative Expert Group Meeting on the Use and Application of ECONOMIC Policy INSTRUMENTS for ENVIRONMENTAL management and Sustainable Development, Nairobi, February 23-24, 1995 ENVIRONMENTAL Economics Series Paper No. 16 The views and interpretation reflected in this document are those of the author(s) and do not necessarily reflect an expression of opinion on the part of the United Nations Environment Programme Preface and Acknowledgements The plea for a sustainable development path and the need to cope with transboundary and global pollution iss
management in developing countries and transitional economies is a search for instruments of sustainable development. Economic instruments meet most of these conditions and are uniquely suited for the integration of environmental and economic policy and can be designed to advance
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