Abstract

Introduction In order to understand the potential of New Environmental Policy Instruments (NEPIs) in tackling issues like climate change, this paper places their development in the context of challenges to the traditional role of the Australian state in promoting welfare and national economic development through regulatory measures. This contextual information is crucial to understanding the mix of policy instruments adopted by contemporary policy makers. The analysis of environmental policy highlights the persistence of regulatory traditions and the emergence of new ways of organizing state interventions – including voluntary agreements, targeting resources to create competitive eco-efficient industries and research on economic or market-based systems like emissions trading.

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