Environmental Economic Instruments are Finally Ready to be Implemented

As an implementation of Article 43 (4) and Article 55 (4) of Law No. No. 32 of 2009 on Environmental Protection and Management (“ Law 32/2009 ”) [1] and as a realization of the commitment to implement the “polluter pays” principle under Law 32/2009, [2] the government has issued Regulation No. 46 of 2017 on Environmental Economic Instruments (“ Regulation 46/2017 ”).Regulation 46/2017 sets out a comprehensive framework for environmental economic instruments and this framework addresses the following matters: