Environment - Robust Development While Managing Risks - 4

Clearly defined and transferable property rights which can be …

Resolution #135: Environment - Robust Development While Managing Risks - 4 (Official French version)

Clearly defined and transferable property rights which can be sanctioned in the courts can offer a more economical and effective solution to resolve environmental conflicts than the complex environmental laws implemented in recent decades. Although they are not the solution to all environmental issues, such property rights can ensure that no one is obliged to accept a deterioration of their environment beyond acceptable community standards.