EUS 202 Lecture 7: Advancing Sustainability Through Policy

• School: Ryerson University
• Department: Environment and Urban Sustainability
• Course: EUS 202
• Professor: Claire Oswald

Document Summary

Advancing sustainability through policy february 7, 2017. Markets: where goods and services are bought, and sold, governed by supply and demand, market prices influence the nature of a product and service, markets provide feedback, foster innovation an allocate resources. Market mechanisms: interventions in the operation and functioning of the market that help stimulate sustainable outcomes and discourage unsustainable ones. E. g. local government procurement strategy that favours a local supplier to. Market based instruments support a local economy: three main families of market-based instruments (mbis): Mbis are a set of tools that can help implement sustainable community plans. Price based: sets price on goods and services to reflect environmental and social costs. Market friction reduction: non-financial; aims to improve the functioning of markets through information. Right-based: establishes limits on the quantity or quality of goods and. Target populations: the general public > demand management", individual firms or industries > reduce aggregate resource consumption.