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This collection of essays by a group of international environmental law experts focuses on the growing and controversial international debate about environmental damage. Rules concerning liability and compensation come into play when administrative regulations have failed to prevent the occurrence of environmental damage. After such occurrence interest focuses upon the question of compensation either in the form of reinstatement of the environment or, if that is not possible or economically feasible, by making financial compensations. The essays in this volume address the current state of the law in the US and Europe and pose questions about its future development.