Protection of the Environment Operations Act 1997 No 156
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
(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
(5), (6) (Repealed)