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The Use of Economic Instruments in Nordic and Baltic Environmental Policy 2001-2005

image of The Use of Economic Instruments in Nordic and Baltic Environmental Policy 2001-2005

This new report commissioned by the Environment and Finance Group of the Nordic Council of Ministers continues the tradition of reviewing the use of economic instruments in environmental policy in the Nordic countries by providing a comprehensive overview. At the same time, this report extends the country coverage and content of the report. The application of economic instruments is not only discussed for the five Nordic countries, but also for the three Baltic countries. In addition, a discussion on the opportunities and shortcomings associated with the use of economic instruments in the field of environmental policy has been undertaken. The report is a follow-up of the previous five reviews – the last was published in 2002 (TemaNord 2002:581) – and discusses the latest development of the application of economic instruments covering the time period 2001-2005.

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Summary

The most recent and significant development concerning the use of economic instruments in environmental policy was the approval and launch of the EU Emission Trading Scheme (ETS) during the period 2001–2005. The implementation of the ETS is the first EU-wide economic instrument to be implemented in the Nordic region and, as well, the first supranational trading scheme in the world. The motive for its introduction is to provide a tool for EU Member States to achieve the targets of the Kyoto Protocol more cost-efficiently.

English

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