Environmental impairment liability in the czech republic

The subject treated in this article is environmental impairment liability, which becomes a still more important legal and economic instrument of environmental policy complying with claim of denationalization. It is a market-conforming instrument not requiring that the public authorities will focus their activities on direct management of microeconomic agents. The article reflects: brief description of the functions and position of environmental impairment liability among the other tools of environmental policy; evaluation of the extent to which the initiatives aimed at European harmonisation have been successful; analysis of the present state of works on environmental impairment liability legislation in the Czech Republic.