Property Rights in the Enviromental Regulation of Rural Space
DOI:
https://doi.org/10.3989/arbor.2008.i729.160Keywords:
Property rights, environmental regulation, policy instruments, agricultureAbstract
Property rights constitute a basic pillar of public regulation of natural resources management, as well as one of the central elements of current debates on rural change. The objective of this paper is to analyse, through the concept of property rights, the incidence of the integration of environmental issues within some of the main public regulations of rural land use. With this aim, the paper firstly tackles the theoretical foundations of the concept of property rights, with special attention to their linkage to the problem of environmental externalities, and their treatment in the relation between agriculture and the environment. Secondly, the paper analyses the implications of several intervention instruments (payments for environmental services, direct regulations, and tradable permits) in terms of property rights. Results show how the landowners’ property rights is altered by the way these instruments are selected and applied, though this modification is actually more a consolidation of rights that an attenuation. In this way, land acquires a nature of environmental property, where new property rights are capitalized, and new business opportunities emerge for their holders.
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