THE LACK OF ECONOMIC ENVIRONMENTAL DAMAGE VALUATION - A CRITICAL REVIEW OF FUNDÃO DISASTER

ABSTRACT Critical events such as the disruption of the Fundão tailings dam, considered the biggest technological disaster in Brazil and the biggest of its category in the world, test the responsiveness of organizations in charge of protecting the environment. In the process of assign liability for damage, lawsuits initially proposed were replaced by settlements negotiated between companies, state agencies and the Public Prosecution Service, which previously have stipulated amounts for mitigation actions and environmental compensation. The economic valuation of environmental damage, despite be...