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.

(5), (6)  (Repealed)