|Mainstreaming the Sound Management of Chemicals - The Costs of Inaction|
UNEP DTIE Chemicals Branch, with the support of the Government of Sweden and in collaboration with Governments from developed and developing countries, IOMC organizations, other organizations, private sector and civil society, is currently developing a practical way forward on bringing further clarity and policy relevance to the issue of the costs of inaction (COI) on sound management of chemicals (SMC).
There is a widely held view in the international environmental policy community that work to improve the sound management of chemicals (SMC) is a seriously underfunded area of work. This is due to a lack of an emerging global consensus on the costs of inaction on SMC stated in monetized or at least quantitative accounts. There is a lack of global consistency of message on the economic costs of inaction that makes the prioritization of SMC at the national and international levels substantially more difficult.
The aim of this initiative is therefore to raise political awareness of the economic benefit of providing resources to sound management of chemicals, including strengthening the rationale for inclusion of sound chemicals management priorities into national development plans and building capacity for ongoing assessment of the costs of inadequate chemicals management at the national and international levels.
The Cost of Inaction Initiative is a four year project that will attempt to produce for the first time a more complete global picture than we have had to date on the costs of inaction on sound chemicals management. The goal is to provide decision makers at all levels of governance with the information necessary to fully consider increasing investments in SMC, consistent with international agreements and decisions and to address national priorities to protect human health, the environment and the sustainability of development.