Editing Test:SRCCL/Chapter-1 (section)

== 1.4.3.1 Legal and regulatory instruments ==

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Legal and regulatory instruments deal with all aspects of intervention by public policy organisations to correct market failures, expand market reach, or intervene in socially relevant areas with inexistent markets. Such instruments can include legislation to limit the impacts of intensive land management, for example, protecting areas that are susceptible to nitrate pollution or soil erosion. Such instruments can also set standards or threshold values, for example, mandated water quality limits, organic production standards, or geographically defined regional food products. Legal and regulatory instruments may also define liability rules, for example, where environmental standards are not met, as well as establishing long-term agreements for land resource protection with land owners and land users.

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