When two countries engage in a voluntary international agreement, they often invoke some element of ___________, which encourages compensation to a polluter who suffers a net financial loss when it limits its omissions to a socially efficient level that considers other damaged parties.

Question

Quizplus · Accepted Answer

The polluter pays principle (PPP) is the concept where the polluting party pays for the impact caused to the environment, encouraging them to reduce emissions to a socially efficient level.

When Two Countries Engage in a Voluntary International Agreement, They