|Promoting green growth requires well-designed institutions and environmental policy instruments that are effective in achieving their environmental objectives without imposing excessive burdens on the economy. Economic instruments such as environmentally related taxes can be effective in stimulating a shift to less-damaging forms of production and consumption while providing producers and consumers with flexibility in making these adjustments. Behavioural changes stimulated by economic instruments may lead to the creation of new jobs and employment opportunities.
Where economic instruments generate revenues, the appropriate deployment of these revenues can also make a significant contribution to enhancing incomes and growth.
All EaP countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine) are interested in expanding the use of product-related economic instruments, particularly taxes on environmentally harmful products (currently in place in Armenia and Moldova) and extended producer responsibility (now being introduced in Belarus, Moldova and Ukraine).
In this context, a workshop on "Economic instruments for greener products in Eastern Partnership countries" was held in Paris on 6-7 March 2014 in the OECD Conference Centre.
The main objectives of this expert meeting were:
The meeting brought together representatives of the EaP countries’ ministries of environment and economy and OECD/EU country experts. It was organised in the framework of the “Greening Economies in the Eastern Neighbourhood” (EaP GREEN) Programme which is financially supported by the European Union and implemented by the OECD in partnership with UNEP, UNIDO and UNECE.