ID 26608
Submitting Entity OECD
Main Information
Title Recommendation of the OECD Council on the Use of Economic Instruments in Promoting the Conservation and Sustainable Use of Biodiversity
Description This recommendation was endorsed by Environment Ministers of OECD member countries on 20 April 2004 and adopted by the OECD Council on 21 April 2004. The document inter alia recommends: to make greater and more consistent use of domestic economic instruments (to be understood in a broad sense to include all instruments that change the incentives individuals face for undertaking particular actions), to integrate market and non-market instruments into an effective and efficient mix of instruments, and to integrate biodiversity policy objectives into sectoral policies in order to avoid undue adverse effects on biodiversity and its related resources. The annex of the recommendation identifies key elements of a framework for the use of economic instruments, discusses incentive-based instruments in biodiversity management, including the reform or removal of perverse incentives, as well as the valuation of biodiversity and market creation in biodiversity management.
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Additional Information
Regions Western Europe and Others
Latin America and the Caribbean
Central and Eastern Europe
Incentive Measures Economic Valuation
Indirect Incentives (property rights, market creation)
Negative Incentives (taxes, levies,...)
Positive Incentives (subsidies, tax breaks, ...)
Reform of Perverse Incentives
  • United Nations
  • United Nations Environment Programme