Data/hora: 09/06/2024 12:30:44

Provedor de dados: | 31
País: | United States
Título: | Financial Responsibility for Environmental Obligations: Are Bonding and Assurance Rules Fulfilling Their Promise?
Autores: | Boyd,   James.
Data: | 2005-10-26
Ano: | 2001
Palavras-chave: | Financial assurance; Financial responsibility; Bonding; Environmental insurance; Environmental Economics and Policy; K13; Q38; K32.
Resumo: | Financal assurance rules, also known as financial responsibility or bonding requirements, foster cost internalization by requiring potential polluters to demonstrate the financial resources necessary to compensate for environmental damage that may arise in the future. Accordingly, assurance is an important complement to liability rules, restoration obligations, and other regulatory compliance requirements. The paper reviews the need for assurance, given the prevalence of abandoned environmental obligations, and assesses the implementation of assurance rules in the United States. From the standpoint of both legal effectiveness and economic efficiency, assurance rules can be improved. On the whole, however, cost recovery, deterrence, and enforcement are significantly improved by the presence of existing assurance regulations.
Tipo: | Working or Discussion Paper
Idioma: | Inglês

Identificador:

18574

http://purl.umn.edu/10809

Editor: | AgEcon Search

Relação:

Resources for the Future&gt;Discussion Papers

Discussion Paper 01-42

Formato:

71

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