References to Economic Instruments in Selected MEAs. Matthew Stilwell. Economic Instruments in Selected MEAs. Exploring the role of economic instruments in the context of three biodiversity-related MEAs: Convention on Biological Diversity
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“are essential elements in developing effective approaches to conservation and sustainable use of biological diversity especially at the level of local communities” (Decision V/14)
“Each Contracting Party shall, as far as possible and as appropriate, adopt economically and socially sound measures that act as incentives for the conservation and sustainable use of components of biological diversity” (Article 11)
“the conservation and wise use of all wetlands through local, regional and national actions and international cooperation, as a contribution towards achieving sustainable development throughout the world” (preamble)
“The Contracting Parties shall formulate and implement their planning so as to promote the conservation of the wetlands included in the List, and as far as possible the wise use of wetlands in their territory” (Article 3.1)
Parties shall “…endeavour to coordinate and support present and future policies and regulations concerning the conservation of wetlands and their flora and fauna” (Article 5)