Environmental Remediation - Funding Remediation

Funding Remediation

In the US there has been a mechanism for taxing polluting industries to form a Superfund to remediate abandoned sites, or to litigate to force corporations to remediate their contaminated sites. Other countries have other mechanisms and commonly sites are rezoned to "higher" uses such as high density housing, to give the land a higher value so that after deducting clean up costs there is still an incentive for a developer to purchase the land, clean it up, redevelop it and sell it on, often as apartments (home units).