This work aims to assists EECCA countries to reform existing, and to introduce new, economic instruments for environmental protection.
Several reviews of the system of economic instruments for environmental protection in the EECCA region have been completed by the EAP Task Force and others. The main conclusion from these reviews is that a number of concerted actions need to be undertaken by EECCA countries to eliminate the most obvious flaws in the present pollution charge system and increase its incentive impacts, including:
In addition, it was recommended that product taxes should be introduced as a more effective way to raise revenues. The implementation of these reforms requires a strong commitment on the part of national governments, substantial administrative resources, and economic and legal expertise. In so far as the revenues from economic instruments are earmarked for environmental purposes, this activity is closely related to work on environmental expenditures under the Environmental Finance Programme.