¥Shields individuals
& environment from irresponsible acts of others
¥Second law of
thermodynamics often makes complete prohibition both practically and
economically infeasible
¥Òtests the ropesÓ of the
politically feasible
¥Risks Òpolitical
backlashesÓ
¥May not be optimal,
i.e., natural biogeochemical processes can absorb some residuals
¥Requires strong sense of legitimacy &
significant financial & personnel resources to enforce prohibitions