Project abstract: Financial Provision – Protecting the Environment and the Public Purse

Date of publication: October 19, 2016

Abstract

In 2014, the European Network of the Heads of Environment Protection Agencies (EPA Network) recognised that the cost of dealing with environmental liabilities arising from industrial operations too often fell to the public purse as a result of the failure of financial provisions. An IMPEL project was set up to look at the extent of this problem across Europe, and to identify what forms of financial provision are most likely to deliver secure and sufficient cover which is available to the regulator when needed.