Environmental pollution liability insurance in China: in need of strong government backing.

ABSTRACT: Environmental pollution liability insurance was officially introduced in China only in 2006, as part of new market-based approaches for managing environmental risks. By 2012, trial applications of pollution insurance had been launched in 14 provinces and cities. More than ten insurance companies have entered the pollution insurance market with their own products and contracts. Companies in environmentally sensitive sectors and high-risk industries bought pollution insurance, and a few successful compensation cases have been reported. Still, pollution insurance faces a number of challenges in China. The absence of a national law weakens the legal basis of pollution insurance, and poor technical support stagnates further implementation. Moreover, current pollution insurance products have lim

SUBMITTER: Feng Y 

PROVIDER: S-EPMC4132471 | biostudies-literature | 2014 Sep

REPOSITORIES: biostudies-literature