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Market based instruments for environmental policymaking in Latin America and the Caribbean: lessons from eleven countries

Published online by Cambridge University Press:  02 April 2001

RONALDO SERÔA DA MOTTA
Affiliation:
University of Santa Úrsula. Av. Pres. Antonio Carlos, 51, 17 andar, Rio de Janeiro, RJ, 20020-010, Brazil. E-mail: [email protected].
RICHARD M. HUBER
Affiliation:
World Bank. 1818 H Street NW, Washington, DC, USA 20433. E-mail: [email protected].
H. JACK RUITENBEEK
Affiliation:
Site 52 - C21, Gabriola, BC Canada V0R 1X0. E-mail: [email protected].

Abstract

This article summarizes a comprehensive series of country studies in Latin America and the Caribbean (LAC), addressing experiences with market based instruments (MBIs) and command and control (CAC) approaches. First, MBIs can be an important means for introducing some added efficiency to existing CAC mechanisms. The scope of the MBIs must, however, match the institutional capacity to implement them. MBI approaches that introduce gradual and flexible reforms are therefore more likely to be consistent with ongoing institutional changes. Second, while the revenue collection task of MBIs is often highlighted, there is a strong need to channel revenues to local authorities to assist in building institutional capacity. Finally, international donor agencies are most prone to recommend OECD solutions with little regard to institutional issues. Moreover, most of the information flow regarding MBIs has been of a 'north-south' variety, whereas increased information sharing in a 'south-south' dialog would benefit all parties.

Type
Policy Options
Copyright
© 1999 Cambridge University Press

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