of this Policy and comply with its principles. Moreover, where specific sector
Ministries or Government Departments have resources to undertake initiatives,
contributing to the overall objective of this Policy, without a need to rely on special
central resources provided for the implementation of this Policy, this Policy shall
not be interpreted as preventing such Ministries and Government Departments
to undertake such initiatives. However, such Ministries and Government
Departments shall ensure that their initiatives abide by principles of this Policy
and do not contradict initiatives otherwise undertaken under it.
Utilisation of Appropriate Tools
The Government recognises that, in addition to such tools as laws, regulations
and enforcement, which governments traditionally use to effect policy implementation, implementation of this Policy could also be achieved or influenced by:
1 informing and guiding stakeholders;
2 educating;
3 coordinating;
4 promoting, encouraging and facilitating;
5 inspiring;
6 using procurement policies and power;
7 designing and implementing taxation and customs frameworks;
8 investing into and financing entities and projects;
9 directly implementing specific initiatives and projects;
10 utilising other tools, which incentivise, enable or guide stakeholders to
contribute to the overall objective of this Policy.
The Government also notes such approaches as self-regulation and co-regulation,
and their potential to achieve objectives of this Policy in an effective and cost-efficient manner.
In implementing this Policy, the Government will utilise an appropriate
set of tools, suitable to specific aims and initiatives, which would be least
interventionist, most effective and cost-efficient, most sustainable, most fitting
with the apprwoaches set out in this Policy, and which would maximise long-term
returns of respective initiatives.
Approaches and Principles
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