Implementation Of Economic Instruments Research Articles

Implementation of Economic Instruments in the EU Forest-Based Sector: Case Study in Austria and the Czech Republic

Economic instruments are political tools created to promote environmental stewardship by influencing consumption and production patterns, fostering technological innovation, and improving the environment; however, if current failures in their formulation or implementation persist, they can negatively impact the environment and society. This research aims to analyze the strengths, weaknesses, opportunities, and threats (SWOT) of economic instruments by extracting these aspects from the forest policy documents of the EU, Austria, and the Czech Republic using the qualitative content analysis method. It has been found that the EU channels its resources from economic instruments through various financing programs that make distribution more effective and align with the environmental objectives of the EU. Additionally, the SWOT analysis indicates that the economic instruments applied in the EU present significant differences in the application and management of forests and the performance of the financial instruments according to the national strategies and action plans used. These identified challenges, limitations, and improvement areas allow for generating suggestions that policymakers can apply concerning the use, implementation, dissemination, and access processes of financing mechanisms for sustainable forest management in the European Union.

Economic instruments for the implementation of state environmental policy

The article considers ecological and economic instruments in the context of implementation of the state ecological policy and sustainable development of regions. The number of eco-policy instruments used for economic protection of the environment is constantly changing and expanding. The features that characterize economic instruments are identified: the theoretical basis for the use of economic instruments is the idea of external environmental costs, which are expressed in the negative forms of impact of production and consumption of the environment; secondly, environmental and economic instruments are aimed, on the one hand, on the economic support of rational nature management, and on the other - on environmental protection; third, the basis for the practical application of economic instruments are the principles of "polluter pays" and "user pays"; fourth, economic instruments contribute to the development of a "green" economy, which is the driving force of sustainable (balanced) development. Environmental and economic instruments determine the financial strategy, and this is a solid foundation for the concept of sustainable development. There are two main groups of environmental and economic instruments of state regulation in the field of environmental protection: the first group is represented by fiscal and budgetary economic instruments (environmental taxation, environmental payments and fees, environmental regulation and penalties for violations of environmental legislation), the second group of economic instruments for the implementation of state environmental policy is related to the system of financial and economic incentives for environmental activities (preferential taxes, soft loans, subsidies, market formation of environmental goods and services). The main directions of improving the implementation of economic instruments of public administration in the field of environmental protection are identified.

Economic Instruments to Fund Solid Waste Management Services: Analysis and Recommendations for Jordan

The goal of this paper is to analyze different types of economic instruments as ways to improve financial sustainability of the solid waste management sector. Through a review of various instruments applied in the world practice this paper intends to encourage the gradual implementation of economic instruments in the solid waste sector of Jordan. The problem analysis of waste management sector shows that Jordan is still unable to properly tackle the problem of waste and makes initial steps to adhere to either national or international standards for environmental protection. Current legislation in the solid waste management sector addresses the waste issues but in generic manner. It indicates responsible agencies, fees for the collection of solid waste and fines in case of noncompliance. The laws relate mainly to the solid waste disposal and landfilling at the expenses of other practices. Thus, it appears that a number of principles are not incorporated in the Jordanian regulatory framework. Ideally, economic instruments should be implemented harmoniously throughout the whole region. However, environmental progress could be significantly delayed if to wait for a comprehensive unified approach. Building on what already exists should have first priority. Each municipality may need to choose those economic instruments that have potential for their own situation. In time, the most cost-effective instruments will become evident and widespread. A set of revenue-generating, revenue-providing and non-revenue instruments is recommended to be given priority for Jordan. Keywords: municipal solid waste, deposit-refund, tax, product take-back, extended producer responsibility, feed-in tariff for waste-to-energy generation DOI: 10.7176/JESD/10-14-16 Publication date: July 31 st 2020

Managing Water Scarcity at a River Basin Scale with Economic Instruments

This paper presents a conceptual framework for both assessing the role of economic instruments, and reshaping them in order to enhance their contribution to the goals of managing water scarcity. Water management problems stem from the mismatch between a multitude of individual decisions, on the one hand, and the current and projected status of water resources on the other. Economics can provide valuable incentives that drive individual decisions, and can design efficient instruments to address water governance problems in a context of conflicting interests and relevant transaction costs. Yet, instruments such as water pricing or trading are mostly based on general principles of welfare economics that are not readily applicable to assets as complex as water. A flaw in welfare economic approaches lies in the presumption that economic instruments may be good or bad on their own (e.g., finding the “right” price). This vision changes radically when we focus on the problem, instead of the instrument. In this paper, we examine how economic instruments to achieve welfare-enhancing water resource outcomes can realize their full potential in basin-scale management contexts. We follow a political economy perspective that views conflicts between public and private interest as the main instrumental challenge of water management. Our analysis allows us to better understand the critical importance of economic instruments for reconciling individual actions towards collective ambitions of water efficiency, equity and sustainability with lessons for later-adopting jurisdictions. Rather than providing panaceas, the successful design and implementation of economic instruments as key river basin management arrangements involves high transaction costs, wide institutional changes and collective action at different levels.

Economic and Geografical Aspects of Water Use in the Prut River Basin (The sector of the Republic of Moldova)

Abstract The purpose of this research consists in the elucidation of spatial and economic aspects of the water use in the Prut river basin. The main topics presented in this paper are: 1) the dynamics of water use; 2) spatial and branch profile of water use and its dynamics: 3) existing problems in the evaluation and monitoring of water use; 5) efficiency of the implementation of economic instruments of water management. To achieve these objectives were used traditional methods of geographical and economic research. Also, the content of the present study is focused on the methodology to elaborate the management plans of hydrographical basins and their chapters on the status of water resources and water bodies and on economic analysis of water use in the Prut river basin.

Water Price Reforms in China: Policy-Making and Implementation

Following the conviction that economic and pricing approaches are an essential addition to conventional command-and-control environmental regulation, China has gradually increased attention to, research on and experiments with the application of economic instruments in urban water management over the past two decades. This paper analyzes the actual application and implementation of economic instruments in Chinese urban water sectors, applying an ecological modernization perspective. Water tariffs in China have increased sharply over this period, increasingly representing full costs and increasing water use efficiency. But implementation of water tariffs does run into problems of unclear responsibilities, poor collection rates and institutional capacities. It is concluded that Chinese style ecological modernization should pay more attention to the institutional dimensions of natural resource pricing policies, if it is to profit from the theoretical advantages of economic approaches in urban water management.

Ekonomski i trzisni instrumenti u politici odrzivog razvoja EU

In the paper one elaborates the role of economic instruments in the politics of environmental protection and sustainable development. Key elements are pointed out as well as the frameworks for two basic approaches to the uses of economic instruments: commanding - controlled approach (CAC) and market -based instruments (MBI) -an approach based on market mechanisms. The existing economic instruments in the politics of environmental protection and sustainable development are analyzed in the counties of EC, OECD and in the countries in transition. The review is given of the experiences in the implementation of economic instruments in the countries of EC, OECD and in the countries in transition.