ABSTRACT

Can the problems associated with economic instruments and market-based environmental policies – that is, economics-based environmental policies – be fixed? Is it just a matter of making adjustments to take account of important environmental and social principles, or are these policies inherently faulty and incompatible with those principles? It seems likely that the problems outlined in this book are not a series of ad-hoc, incidental side-effects of policies that have yet to be perfected. They are too many and too wide ranging, and have too many commonalities across the range of policies. Their common features are no accident – they demonstrate that the fundamental goals and assumptions underlying economics-based policies are at odds with the environmental and social principles concerned communities and governments around the world are seeking to achieve.