C3. Recognize monetary and non-monetary value of common resources
Recognition of the monetary and non-monetary values of public goods such as ecosystem services, education, health and global common resources such as the oceans and the atmosphere.
These must be properly factored into management and decision-making frameworks at the national and sub-national levels to ensure that economic activities do not impose external costs on the global commons.
Corrective measures that internalize costs and minimize the impacts on the commons need to be identified and implemented through regulatory and market-based mechanisms.