Global implementation of ‘polluter pays’ principle
Power Minister Piyush Goyal has reiterated India’s stand for the implementation of ‘Polluter Pays’ principle on international carbon emissions.
India is putting out about 4% of greenhouse gases supporting 17% of the world’s population. But, some of the largest polluters in the world are not taking any responsibility in this regard. Therefore, the world will have to recognise the polluter pays principle.
What is Polluters Pay Principle?
The ‘polluter pays’ principle basically works on the premise that those responsible for higher pollution—whether it is an individual factory or a country—should bear the costs of managing it to prevent damage to health or the environment.
For instance, a factory that produces a potentially poisonous substance as a byproduct of its activities is usually held responsible for its safe disposal.
