Abstract: New Environmental Policy Instruments (NEPIs) are increasingly discussed and adopted across countries. From a global perspective a rapid diffusion of these market based, voluntary or informational instruments can be observed. In our article – which is mainly explor-ative in nature – we argue that the adoption of NEPIs by national policy makers should not merely be interpreted as a reaction to newly emerging environmental problems or to real or per-ceived deficits of traditional (command and control) regulation in coping with those problems. ...
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