A crucial component of the mainstreaming process consists of valuating the selected chemicals management priorities in economic terms. Such economic analysis allows to better:
Assess the costs to human health and the environment of inaction on SMC;
Analyze the costs and benefits of action with respect to budgetary expenditures and other significant investments to improve SMC; and
Communicate these results to finance and planning agencies in an economic language that these agencies can understand, the staff of which will generally not be chemicals experts.
However, lack of experience in environmental economics and data limitations often discourage economic quantification and analysis to support public policy decision making in developing countries and countries with economy in transition.
To fill this gap UNEP is, in collaboration with Resources Future International, developing a guidance package intended to support the development of national capacities to conduct economic analysis tailored to the specific context of developing countries and countries with economy in transition.
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