TY - JOUR
T1 - The Impact of Environmental Regulation on the Investment Climate
AU - Faure, Michael
N1 - Publisher Copyright: © 2023, North-West University. All rights reserved.
PY - 2023/11/23
Y1 - 2023/11/23
N2 - In this contribution to honour Willemien du Plessis we use the economic approach to law to explain how environmental law affects economic development and vice-versa. The contribution starts by presenting the Environmental Kuznets Curve that makes clear that environmental regulation should not retard economic development but that, on the contrary, environmental protection and economic growth can go hand-in-hand, provided there is environmental regulation. The contribution further discusses the idea of competition between legal orders and how this affects environmental law, and to this end both the race-to-the-bottom as well as the race-to-the-top are discussed. Finally, attention is paid to the role of environmental law in economic development.
AB - In this contribution to honour Willemien du Plessis we use the economic approach to law to explain how environmental law affects economic development and vice-versa. The contribution starts by presenting the Environmental Kuznets Curve that makes clear that environmental regulation should not retard economic development but that, on the contrary, environmental protection and economic growth can go hand-in-hand, provided there is environmental regulation. The contribution further discusses the idea of competition between legal orders and how this affects environmental law, and to this end both the race-to-the-bottom as well as the race-to-the-top are discussed. Finally, attention is paid to the role of environmental law in economic development.
UR - http://www.scopus.com/inward/record.url?scp=85178274427&partnerID=8YFLogxK
U2 - 10.17159/1727-3781/2023/v26i0a16378
DO - 10.17159/1727-3781/2023/v26i0a16378
M3 - Article
AN - SCOPUS:85178274427
SN - 1727-3781
VL - 26
SP - 1
EP - 31
JO - Potchefstroom Electronic Law Journal
JF - Potchefstroom Electronic Law Journal
ER -