Market-Based Innovations for Environment Conservation in Brazil
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This presentation describes the physical characteristics of the Amazon region and the ineffectiveness of command and control regulations to address the rapid widespread deforestation that occurs. Several types of incentive-based regulation have been implemented in Brazil to promote protection of environmental resources, such as the Private Natural Heritage Reserve (RPPN), the ecological value-added tax (ICMS Ecológico), tradeable rights for legal reserves, and the Certified Forest Products Buyers Group. These market-based initiatives are described and evaluated.