Last year, governments adopted Sustainable Development Goals (SDGs) aimed at ushering in a new era of sustainable development where ‘no one is left behind.’ They include a specific goal — SDG 14 — to conserve and sustainably use the oceans, seas and marine resources. While policymakers can use a number of legal, regulatory and economic tools to do so, there should be more focus on harnessing fiscal instruments such as taxes, subsidies and conditional transfers to provide the necessary incentives. Provided these approaches strike an appropriate balance between economic, social and ecological considerations, they could play an important role in making SDG 14 a reality.
IIED Briefing: A sustainable future for fisheries: how fiscal policy can be used to achieve SDG 14
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