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Multilateral Environmental Agreements (MEAs) are the predominant legal method for addressing transboundary environmental problems. Adopted by States, MEAs are standard-settings instruments for effective global environmental protection.
The emergence of a vibrant private sector represents one of the most important steps towards economic growth and development. In developed economies, the private sector usually accounts for the bulk of the investment, jobs and wealth creation, which is why government encourages its development as much as possible.