Changing the invisible structure of the economy
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Changing the invisible structure of the economy • The invisible systems are those intangible patterns that affect the way we produce and consume, such as market prices, fiscal policy, financial systems, regulations, social values, life-styles, know-how, etc • These need to be re-aligned based on ecological prices that recognize the real value of ecological resources and services
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Changing the invisible structure of the economy. The invisible systems are those intangible patterns that affect the way we produce and consume, such as market prices, fiscal policy, financial systems, regulations, social values, life-styles, know-how, etc - PowerPoint PPT Presentation
Transcript of Changing the invisible structure of the economy
Changing the invisible structure of the economy
• The invisible systems are those intangible patterns that affect the way we produce and consume, such as market prices, fiscal policy, financial systems, regulations, social values, life-styles, know-how, etc • These need to be re-aligned based on ecological prices that recognize the real
value of ecological resources and services
Reforming the legal and institutional frameworks
Policy Framework for
LCGG
Long term plans and targets
Institutional Mechanisms for inter-ministerial
coordination
Greater Regulation
Behavioral change
Reforming fiscal policies
• Properly designed environmental tax reforms and environmental fiscal reforms can be powerful drivers for green growth and achieve the double dividend
Low Carbon Development
Strategy
Putting a price on carbon
Carbon Tax/Cap and Trade
Core Principles
Tax “bads” not “goods”
Double Dividend
Revenue Neutrality
