“In the past, when environmental damage occurred, it was difficult to prove who was at fault and how severe the consequences were. With this first decision, we are establishing a clear methodology for assessing environmental impact. “Now, based on scientific data and analyses, we will be able to objectively assess the damage caused to water, air, or soil, and compel the responsible party to compensate for the damage,” said Aliona Rusnac, State Secretary of the Ministry of the Environment.
The government also approved the Regulation on the Establishment and Application of Financial Guarantees. According to the document, companies whose activities are potentially hazardous to the environment are required to demonstrate that they have funds available for emergency situations.
Companies will be required to conduct environmental risk assessments taking into account the specifics of their operations, the substances used, and the location of their facilities. Financial guarantees may be provided in the form of an insurance policy, a bank guarantee, or other instruments provided for by law. These funds will be used exclusively to prevent environmental disasters and mitigate their consequences.
