|Market Based |
|Voluntary Stewardship |
|Government with the key role as regulator; imposes rules and limits to activities through regulation.||Market forces as the key role facilitated through regulation - engage price mechanism to motivate behaviour toward an environmental objective||Cooperative relations among government, industry & mediating public interests setting performance expectations through binding agreements.||Citizen control through the forces of public scrutiny and citizen purchasing power to influence environmental behaviour of a target group||Self imposed voluntary initiatives by regulated parties motivated through a stewardship ethic, social conscience and corporate governance|
|Prescriptive > ---------- > Greater Flexibility|
|Deterrent based > ---------- > Greater use of Incentives (in combination with deterrents)|
|Compliance objective > ---------- > Performance focused|
|Government acting alone > ---------- > Shared responsibility - partnerships|
|Higher government assurance > ---------- > Lower government assurance|
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