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The Prestige disaster and the proposal for a European fund for the compensation of oil pollution damage: A missed opportunity for the European Union?

The USV Annals of Economics and Public Administration

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Title The Prestige disaster and the proposal for a European fund for the compensation of oil pollution damage: A missed opportunity for the European Union?
 
Creator Javier Prado-Domínguez; Department of Applied Economics, University of A Coruña
Diego Varela; Department of Applied Economics, University of A Coruña
 
Description In this paper we analyze the proposal for the creation of a European fund for the compensation of oil pollution damage. We argue that experience from the accident of the Prestige tanker off the Spanish coast in 2002 made it clear that existing international liability and compensation mechanisms were insufficient. The disaster added momentum to the proposal for the creation of an intermediate tier between the national and the international regimes. However, the proposal was dropped in 2004. In this paper we analyze the causes of the proposal demise and whether a similar opportunity is likely to arise in the future.
 
Publisher Editura Universitatii Ştefan cel Mare din Suceava
 
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Date 2012-02-17
 
Type

 
Format application/pdf
 
Identifier http://www.seap.usv.ro/annals/ojs/index.php/annals/article/view/407
 
Source The USV Annals of Economics and Public Administration; Vol 11, No 2: December 2011; 32-39
The USV Annals of Economics and Public Administration; Vol 11, No 2: December 2011; 32-39
 
Language en