LDC New Incentives Report | Page 27

Type Name Description and examples Strengths Challenges
Regulatory
Legislation and regulation. E. g.:
� Reef regulations already exist related to record keeping associated with chemical use etc
� Signals minimum acceptable practice
� Effective compliance should reduce incidence of regulatory breaches
� Government responsibility
� Social and political acceptability
� Effective design and implementation for diffuse pollution sources
Landholders driving change: Exploring new incentives | 25