Show simple item record

Lenders and Investors Environmental Liability: How Much is Too Much?

dc.contributor.authorUnited Nations Environment Programme
dc.coverage.spatialGlobal
dc.date.accessioned2016-10-11T19:57:26Z
dc.date.available2016-10-11T19:57:26Z
dc.date.issued2016
dc.identifier.urihttp://hdl.handle.net/20.500.11822/7521
dc.descriptionThis working paper presents an overview of Lender Environmental Liability (LEL) and Investor Environmental Liability (IEL) regimes and issues. Environmental harm and degradation is often irreparable. Therefore, our assumption is that precaution is the main objective of any international and domestic environmental legal regime. The paper explores the conditions under which LEL/IEL can be effective tool to promote precaution. To illustrate our premise, we created a model based on Nash’s game theory in an attempt to universalize some basic concepts in the design of these systems. By using Nash’s game theory we aim to answer the question presented in the title of our paper: how much is too much environmental liability for a financial institution to bear? We argue that full environmental liability (where financial institutions bear unlimited liability) may have the perverse effect of incentivising them to internalize any duty of care, in case they bear full liability. - See more at: http://unepinquiry.org/publication/lenders-and-investors-environmental-liability/#sthash.RedL8yWr.dpuf
dc.languageEnglish
dc.publisherUnited Nations Environment Programme (UNEP)
dc.rightsPublicen_US
dc.subjectFinance
dc.subjectSustainable Development
dc.subjectInquiry;
dc.subject.classificationClimate Change
dc.titleLenders and Investors Environmental Liability: How Much is Too Much?
dc.typeReports and Books
wd.identifier.old-id12027
wd.identifier.sdgSDG 16 - Peace, Justice and Strong Institutions
wd.identifier.sdgiohttp://purl.unep.org/sdg/SDGIO_00000050


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record