The most important changes of direction ECONOMIC INSTRUMENTS · Restructure taxes to be more environmentally and cost effective · Regular evaluation of existing environmental taxes · Promote the use of tradable quotas · Increase the use and international coordination of market-based instruments · Promote the EU’s work with environ mental liability · A solid knowledge and decision base for economic instruments The market for cleaner products · Clear,  visible  and  reliable  information  about  cleaner  products  in  the  EU,  including  life- cycle assessments and eco-labelling · Innovation and distribution of environmentally-friendly products · Partnerships and dialogue with market players regarding cleaner products Technological development and innovation · Partnerships to help promote the formation of competitive knowledge environments · Green technological foresight · Draw   environmental   technology   innovation   into   research   and   development   activities within specific technology areas · New research results must be translated into commercial applications to a greater extent Climate · Flexible mechanisms: quota trading between countries, joint implementation (JI) and clean development mechanism (CDM) · Quota regulation and quota trading via the EU’s Emissions Trading Directive Water · Changes in the organisation of the water resources sector, including deregulation and outsourcing · Transparent fees and taxes · Greater  use  of  economic  instruments  combined  with  reduced  administrative  burdens  in accordance with the Action Plan for the Aquatic Environment III Waste · Changes to the organisation of the waste management sector, including deregulation and outsourcing · Transparent fees · Producer responsibility Chemicals · Producer and importer  responsibility · Information for enterprises and the retail sector · Greater knowledge-building concerning the effects on people and the environment · Better organisation of taxes Nature and forests · Optimise resource usage through financial partnerships · Joint ownership of nature