Pollution liability insurance system roadmap established

On February 18, the State Environmental Protection Administration announced that the State Environmental Protection Administration and the China Insurance Regulatory Commission jointly issued the “Guidance Opinion on Environmental Pollution Liability Insurance” and formally established the roadmap for establishing an environmental pollution liability insurance system. It is understood that the two departments will be companies that produce, operate, store, transport, and use hazardous chemicals this year, oil, petrochemical, chemical companies, and hazardous waste disposal companies prone to pollution accidents, especially in recent years when major pollution accidents have occurred. Enterprises and industries carry out pilot work. This is the second environmental economic policy launched after the "green credit".
It is understood that China has entered a period of high environmental pollution accidents. Among the 7555 large-scale heavy chemical industry projects, 81% are located in environmentally sensitive areas such as river waters and densely populated areas; 45% are major risk sources, and the corresponding preventive mechanisms are flawed, resulting in frequent pollution accidents and serious environmental pollution. Public health and social stability. After the occurrence of a pollution accident, due to the lack of mechanism guarantee for the aftermath handling, the company’s responsibility to bear compensation and restore the environment is often not fulfilled, and the pollution victim cannot obtain compensation in time, triggering many social conflicts. Therefore, the establishment of an effective environmental pollution liability insurance system is imminent.
According to Pan Yue, deputy director of the State Environmental Protection Administration, the environmental protection department will initially establish an environmental pollution liability insurance system with the China Insurance Regulatory Commission during the “Eleventh Five-Year Plan” period, carry out pilot demonstration work of environmental pollution liability insurance in key industries and regions, and initially establish key industries based on the environment. Degree of risk Insurance company or facility directory and pollution damage compensation standards. By 2015, we will basically improve the environmental pollution liability insurance system and promote it nationwide. We will basically improve various mechanisms such as risk assessment, loss assessment, responsibility determination, accident handling, and fund compensation.

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