Do Economic Instruments Help the Environment

Observer 204, February/March 1997
Over the last decade the OECD countries have made increasing use of so-called ‘economic instruments’ – ‘ecotaxes’, charges and tradable permits chief among them – in environmental policy. What have been the achievements of this approach? Do economic instruments deliver what was hoped of them, both in protecting the environment and promoting economic efficiency?
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Economic data

GDP growth: -1.8% Q1 2020/Q4 2019
Consumer price inflation: 0.9% Apr 2020 annual
Trade (G20): -4.3% exp, -3.9% imp, Q1 2020/Q4 2019
Unemployment: 8.4% Apr 2020
Last update: 9 July 2020

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