Incentives for Eco-Efficiency. Lessons from an Evaluation of Policy Alternatives: A case study of the steel sector in India
This paper reports the results of a case study on the use of market-based instruments for pollution prevention in the steel sector in India. Four policy scenarios, combining command and control measures with market-based instruments, are evaluated and ranked. Scenario rankings show that the performance of policy measures changes when qualitative assessments are added to the more precise criteria of environmental efficiency, cost effectiveness and provision of incentives.