Environmental impairment liability as an instrument of environmental policy

摘要: Abstract This paper evaluates the role of liability that may arise in context an impairment environment. Environmental Impairment Liability (or EIL for short) is analyzed as instrument environmental policy. Interrelationships between injurers, victims, legal system, insurers, and environment serve to show contribute preserve However, peculiarities such mass torts uncertain behavior courts detract from effectiveness EIL. The question arises whether these shortcomings are 1 mitigated or exacerbated by insurance. potential contribution insurance found be undermined partial market failure, which, however, can alleviated permitting flotation risk warrants on capital markets.