THE PRESTIGE DISASTER AND THE PROPOSAL FOR A EUROPEAN FUND FOR THE COMPENSATION OF OIL POLLUTION DAMAGE: A MISSED OPPORTUNITY FOR THE EUROPEAN UNION?

A. Javier Prado-Dominguez and Diego Varela

The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, 2011, vol. 11, issue 2(14), 32-39

Abstract: 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.

Keywords: European Union; maritime transport; pollution; oil; IOPC Fund; COPE Fund. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ausvfe:v:11:y:2011:i:2(14):p:32-39

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