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Market-Based Approaches for Managing the Asian Environment: A Review

Author

Listed:
  • Gunatilake, Herath

    (Asian Development Bank)

  • de Guzman, Franklin

    (Asian Development Bank)

Abstract

This paper identifies inadequate effort to use market-based approaches, among others, as a reason for limited progress in arresting continuing environmental degradation in the Asia and Pacific region. Quoting examples, the paper asserts that markets can be created for ecosystem protection and provision of ecosystem services under innovative regulatory mechanisms; and that use of market based approaches can reduce the dependency on unsustainable financing for environmental management. The paper also briefly discusses the role of governments, donors, and other stakeholders in creating the enabling policy and institutional framework for introducing market-based approaches.

Suggested Citation

  • Gunatilake, Herath & de Guzman, Franklin, 2008. "Market-Based Approaches for Managing the Asian Environment: A Review," ADB Economics Working Paper Series 124, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0124
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    File URL: https://www.adb.org/sites/default/files/publication/28374/economics-wp124.pdf
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    More about this item

    Keywords

    Asia and Pacific; environmental degradation; market-based approaches; regulatory mechanisms; unsustainable financing;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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