Abstract
It is generally understood that preservation of global and local environments will require the internalisation of currently external environmental costs. This need has manifested itself in both multilateral environmental agreements (MEAs) and in the formulation of environmentally orientated product and processing standards. Such standards are often devised to encourage producers to use environmentally sound technology (EST) or change their product or processing designs so that they are more environmentally friendly.
The authors work for the International Trade Division and the Division for Science and Technology of UNCTAD. The views expressed in this paper do not necessarily reflect those of UNCTAD. The authors wish to acknowledge the helpful comments of H. V. Singh and Grant Hewison.
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Notes and references
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Jha, V., Teixeira, A.P. (1997). Trade, Environment and the Transfer of Environmentally Sound Technology. In: Jha, V., Hewison, G., Underhill, M. (eds) Trade, Environment & Sustainable Development. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25417-0_17
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