New South Wales Consolidated Acts

PROTECTION OF THE ENVIRONMENT OPERATIONS ACT 1997 - SECT 293

293 Schemes for economic measures

(1) The EPA may develop and implement schemes involving economic measures as a means of achieving cost-effective environmental regulation or environment protection.

(2) The EPA may approve of the development and implementation of such a scheme by other regulatory authorities.

(3) Without limiting the above, such a scheme may involve measures that provide an economic incentive for avoiding or minimising harm to the environment when carrying out an activity.

(4) An example of such a scheme is a tradeable emission scheme, as referred to in Part 9.3A, or a green offset scheme, as referred to in Part 9.3B.