Analyzing the Polluter Pays Principle Through Law and Economics
Abstract
Any successful international negotiation for reducing emissions must be based on four principles: the precautionary principle, the principle of sustainable development, the polluter-pays principle of equity. The strength of ‘contraction and convergengce’ is that it satisfies all these principles. * Sir John Houghton
The paper starts with the basic knowledge of the Polluter Pays Principle and proceeds with the Historical evolution of the principle. The paper also deals with how the International and national development of the principle. The adoption of the principle in the legislation and judiciary is also dealt in detail in the paper. The later section of the paper deals with the disadvantages of the principle and ends with the conclusion.
Introduction
"The ‘polluter pays principle’ states that whoever is responsible for damage to the environment should bear the costs associated with it." The Polluter Pays Principle (PPP) is one of the internationally recognized principles that influence the shaping of environmental policy at both the national and international level. As one of the environmental principles that have developed ‘from political slogans to legal rules,’ it is also increasingly reflected in national and international law. It is seen and analyzed both as a principle of environmental economics and as a principle of environmental law. In environmental economics, it is discussed as an efficiency principle of internalization of environmental costs. As a legal principle, it is usually treated as a principle for the allocation of the cost of pollution prevention, and for liability and compensation for environmental damage. In general, it is regarded as an important and ‘right’ principle in the perspective of environmental protection. It is often mentioned together with other major environmental principles such as the precautionary principle, the principle of prevention and the principle of integration. In general, it is regarded as an important and
Any successful international negotiation for reducing emissions must be based on four principles: the precautionary principle, the principle of sustainable development, the polluter-pays principle of equity. The strength of ‘contraction and convergengce’ is that it satisfies all these principles. * Sir John Houghton
The paper starts with the basic knowledge of the Polluter Pays Principle and proceeds with the Historical evolution of the principle. The paper also deals with how the International and national development of the principle. The adoption of the principle in the legislation and judiciary is also dealt in detail in the paper. The later section of the paper deals with the disadvantages of the principle and ends with the conclusion.
Introduction
"The ‘polluter pays principle’ states that whoever is responsible for damage to the environment should bear the costs associated with it." The Polluter Pays Principle (PPP) is one of the internationally recognized principles that influence the shaping of environmental policy at both the national and international level. As one of the environmental principles that have developed ‘from political slogans to legal rules,’ it is also increasingly reflected in national and international law. It is seen and analyzed both as a principle of environmental economics and as a principle of environmental law. In environmental economics, it is discussed as an efficiency principle of internalization of environmental costs. As a legal principle, it is usually treated as a principle for the allocation of the cost of pollution prevention, and for liability and compensation for environmental damage. In general, it is regarded as an important and ‘right’ principle in the perspective of environmental protection. It is often mentioned together with other major environmental principles such as the precautionary principle, the principle of prevention and the principle of integration. In general, it is regarded as an important and