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EcoTerra Model - application of environmental fiscal reform in local government financing in Portugal
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Resumo(s)
Land use management is one of the least studied, more diffi cult, but possibly one
of the most important fi elds for the application of economic instruments in environmental
policy. Present biodiversity loss is a consequence of the decisions of
many individual users of environmental products and service fl ows. This is a result
of the ‘unpriced scarcity’ and ‘lack of property rights’ nature of the environment.
The social value of various biodiversity goods and service fl ows is not or is insuffi -
ciently refl ected in market prices. As a result, an undesirable level of provision of
these goods and services will result in their destruction or degradation
Descrição
Critical Issues in Environmental Taxation: International and Comparative Perspectives: Volume VI, 699-715