|Have you heard about Eco-label? If you are not from Europe you probably haven’t. I’ll let you know what I think of this way of encouraging business to market greener products. This concept was first introduced in the European Union but it is spreading across the world because its suitability to free market economy.
Its main goal are:
Products which meet certain environmental requirements and specific eco-label criteria are ‘eco-labeled’. It sells better with the little ‘daisy’ logo and it also means that those goods are of very high quality and mostly European. The use of the label is subject to the payment of an annual fee by the user but there are funds which support these manufacturers, importers, service providers, traders or retailers.
This system works best if it is combined with tradable permits which the companies can buy and sell rights to pollute. So, if somebody is interested in this type of regulation, visit this website: http://europa.eu/scadplus/leg/en/s15000.htm