In considering FDI within Europe, a range of factors have been identified as influential both on a company's eventual choice of location and on the relative competitiveness between countries and regions. One element in this range of factors is environmental regulation and policy, the impact of which has been the subject of a number of studies in different areas and at different periods of time. Whereas certain characteristics of this impact are common regardless of location, the European context - because of the proximity of a large number of industrially-advanced, competing economies - has particular distinguishing features, including trends which may be in advance of global changes.