Community Research and Development Information Service - CORDIS


Green Paper on market-based instruments for environment and related policy purposes {SEC(2007) 388} COM(2007) 140 final

Funded under: FP6-SUSTDEV


The EU is a leading force in the world in taking action on environmental sustainability and, in particular, on climate change. This has been confirmed recently through the adoption of the energy and climate policy package as endorsed by the Spring European Council in which the EU repeated its commitment to addressing climate change internally and on an international scale, to promoting environmental sustainability, to reducing dependence on external resources and to ensuring the competitiveness of European economies. In addition, halting loss of biodiversity, preserving natural resources that are under pressure and protecting public health also require urgent action.

Without public intervention and the strong commitment of all actors, these ambitious objectives cannot be reached. The EU has increasingly favoured economic or market-based instruments ("MBI") - such as indirect taxation, targeted subsidies or tradable emission rights - for such policy purposes because they provide a flexible and cost-effective means for reaching given policy objectives. The more intensive use of MBI has also been advocated in the EU´s 6th Environment Action Programme (6th EAP) and the renewed EU Sustainable Development Strategy as well as the renewed Lisbon Strategy for Growth and Jobs

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Record Number: 8618 / Last updated on: 2007-07-02