Image Database Export Citations


Common Pool Funds for Common Pool Resources: Creating a New Global Financial Architecture

Show full item record

Type: Conference Paper
Author: Epstein, Paul R.
Conference: Constituting the Commons: Crafting Sustainable Commons in the New Millennium, the Eighth Biennial Conference of the International Association for the Study of Common Property
Location: Bloomington, Indiana, USA
Conf. Date: May 31-June 4
Date: 2000
URI: https://hdl.handle.net/10535/1514
Sector: Global Commons
General & Multiple Resources
Subject(s): IASC
common pool resources
economic policy
institutional design
user fees
global commons
Abstract: "Financial mechanisms to secure rational use of Common Pool Resources (CPRs) are rarely addressed. While implementation plans and Governance structures remain difficult issues, funds and incentives may be needed to achieve measures agreed upon in international conventions. "Resources and incentives may be key to securing the participation of economic and political interests in achieving the goals of the conventions on CPRs, such as those on fisheries, forests, wetlands, water and climate. "This session will address the role of incentives, subsidies and funds, as well as the potential sources of taxing common activities, such as levies on air travel, the Internet, carbon emissions and international currency transactions. "Discussion of the financial architecture to support healthy and sustainable development will include the following areas: A) The regulatory framework; B) The institutional framework (e.g., the Global Environmental Facility The World Bank, UNEP, UNDP); C) Financial incentives, helpful subsidies and international funds to 'jump-start' infant industries (such as those producing clean energy sources, energy-efficient technologies, methods for ecological restoration, compensation for changed professions). "Funds were a key element in securing universal participation in the Montreal Protocol to phase out stratospheric Ozone-depleting chemicals. Regulations and institutional arrangements complemented by economic incentives may provide the necessary framework to secure active participation of developed and developing nations in conventions to preserve Common Pool Resources."

Files in this item

Files Size Format View
epsteinp041500.pdf 18.23Kb PDF View/Open

This item appears in the following document type(s)

Show full item record