Changing the invisible structure of the economy

• The invisible systems are those intangible patterns that affect the way we produce and consume, such as market prices, fiscal policy, financial systems, regulations, social values, life-styles, know-how, etc • These need to be re-aligned based on ecological prices that recognize the real

value of ecological resources and services

Reforming the legal and institutional frameworks

Policy Framework for

LCGG

Long term plans and targets

Institutional Mechanisms for inter-ministerial

coordination

Greater Regulation

Behavioral change

Reforming fiscal policies

• Properly designed environmental tax reforms and environmental fiscal reforms can be powerful drivers for green growth and achieve the double dividend

Low Carbon Development

Strategy

Putting a price on carbon

Carbon Tax/Cap and Trade

Core Principles

Tax “bads” not “goods”

Double Dividend

Revenue Neutrality