Management Strategies to Limit the Impact of Bottom Trawling on VMEs in the High Seas of the SW Atlantic

Abstract

Market failure involving pollution from wastewater discharges industrials, is corrected with the establishment of envi-ronmental taxes. Heterogeneity in the design of these taxes, with a different tax base for each EU member country, af-fects both the pollution parameters considered and their weight in the calculation of the tax payable. This paper presents a study on the variety of this tax in Belgium, Italy and Spain. Finally, we discuss the possibility of the same as correct-ing market failure.