Improving cooperation on concepts and methods for internalizing environmental costs

This strategy features in the framework of Agenda 21 as formulated at UNCED (Rio de Janeiro, 1992), now coordinated by the United Nations Commission on Sustainable Development and implemented through national and local authorities. Agenda 21 recommends that governments, business and industry, including transnational corporations, academia and international organizations, should work towards the development and implementation of concepts and methodology for the internalization of environmental costs into accounting and pricing mechanisms.