Abstract
AbstractStrict environmental liability, in conjunction with improved environmental liability insurance, proves to be an effective instrument to tackle environmental risks of industrial installations. This paper examines the experience with the Environmental Liability Act and Environmental Liability Insurance in Germany. It rebuts the widespread criticism of the preventive effect of the Act and considers the actual changes in the number of environmental accidents in Germany. The picture that emerges from this study is that the Act seems to have a measurable preventive effect from 1993 onwards, the year in which the new environmental liability policy was introduced. Copyright © 2001 John Wiley & Sons, Ltd and ERP Environment.
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