A Legal Study On The Effects By The MNCS To The Environment And Land Degradation With Special References In India

Abstract

This paper's goal is to examine the scope of international regulations that cover multinational corporations' (MNCs) activities that harm the environment and quality control as it relates to environmental impact. The article's first section explores the murky legal status of MNCs and looks at the restrictions that host state agreements and international agreements place on their operations. The second section highlights the main flaw in cross-border litigation by focusing on jurisdiction and choice of law issues. The conclusion then discusses how effectively international law holds MNCs accountable for their environmental actions. Multinational corporations can lower prices and boost global consumer purchasing power by producing identical goods at lower costs. Direct financial investment abroad and job creation in those nations' local economies are two additional advantages. Multinational corporations (MNCs), in particular, have a significant impact on climate change. According to a 2014 study, among the 90 "carbon majors" responsible for significant historical anthropogenic greenhouse gas (GHG) emissions are MNCs in the cement and fossil fuel industries.Multinational corporations contribute more pollution in nations with lax environmental laws. They pollute more abroad, usually in nations with laxer regulations, while emitting less domestically when headquartered in nations with stricter regulations.