BIS Review 102/2008  3  The third speaker in this session, Mr. Chalongphob Sussangkarn, argued that policy officials at Ministry of Finance (MOF) should have an understanding on environmental and climate change issues because many key policy instruments are under the jurisdiction of the Ministry of Finance, and most of them are market based instruments such as taxes.
Without the understanding and support of Ministry of Finance, whether at ministerial or bureaucratic level, it would be very difficult to introduce environmental friendly market based fiscal measures. The fourth speaker in this session, Dr. Stephen Specks used the concept of an environmental fiscal reform (EFR) to address multiple policy objectives (those are environment, fiscal, and poverty reduction).