market-based solutions

Market-based solutions refer to approaches that use the principles of supply and demand to address social or environmental issues. Instead of relying solely on government intervention, these solutions harness the power of the market to create incentives for businesses and individuals. Examples include carbon credits, where companies can trade emission allowances, or initiatives that promote renewable energy by offering financial benefits. The idea is that by aligning economic interests with positive outcomes, we can foster innovation and efficiency while solving pressing problems, ultimately leading to sustainable growth and improved well-being.