Market-based/ economic incentives
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Market-based approaches or incentives provide continuous inducements, monetary and near-monetary, to encourage polluting entities to reduce releases of harmful pollutants. As a result, market-based approaches create an incentive for the private sector to incorporate pollution abatement into production or consumption decisions and to innovate in such a way as to continually search for the least costly method of abatement.
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| Field | Value |
|---|---|
| Data last updated | November 9, 2022 |
| Metadata last updated | January 26, 2023 |
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