1. How to make environmental policy more effective Miroslav Hájek, Ph. D. Ministry of Environment of the Czech Republic

2. Percentage of gross domestic product spent on environmental investment (in %)

3. Share of environmental investment on total investment (in %)

4. Are the environmental expenditures low or high – is it a correct question? To minimize social costs To make economic analysis (CBA) To make a valuation of the environmental benefits Not only to find financial sources for cover of all costs The best way - to integrate economic aspects in the environmental policy

5. Structure of the environmental policy (part only) Economic instruments – discussions are very often and of course very important Principles are often disscussed but their application is imporat in the range of the environmental policy Approaches and methods are not very often disscussed

6. Structure of the environmental policy (2) Environmental policyImplementation of the env. policy PrinciplesMeasuresProposal of the solutions Projects Approa- ches Instru- ments

7. Approaches and integration of the economic aspects in the environmental policy Among approaches there are a lot of possibilities how to integrate the economic aspects in the environmental policy It is important to integrate social aspects It is not only the blank headline

8. List of some important approaches Planning Green fiscal reform Win-win strategy Clean production Prices distortion removing Reduction of the env. harmful subsidies Green public procurement Environmental accounting Public awareness …

9. Win-win strategy Cleaner production (environmental accounting) Reduction of the env. harmful subsidies (Prices distortion removing, reduction of the public support) Others

10. Green tax reform One of the approaches It is system of instruments and measures It is not only green taxes One of the win-win (-win) strategy

11. Concusion Approaches are not very often discussed There are a lot of possibilities how to integrate the economic aspects in the environmental policy Practical use of the approaches is important