Abstract For the first time in history, some companies in China's highly polluting industries were required to insure environmental pollution insurance. China's Ministry of Environmental Protection said on Thursday that heavy ferrous metal mines (including associated mines) mining and selection industry, heavy non-ferrous metal smelting industry, lead battery manufacturing, leather and its products industry,...
For the first time in history, some companies in China's highly polluting industries were required to insure environmental pollution insurance. China's Ministry of Environmental Protection said on Thursday that heavy metals in the industries of heavy ferrous metal ore (including associated minerals), heavy non-ferrous metal smelting, lead battery manufacturing, leather and its products, chemical raw materials and chemical products manufacturing. Enterprises that produce and emit pollutants will be forced to insure environmental pollution compulsory liability insurance.
The environmental pollution compulsory liability insurance pilot jointly launched by the Ministry of Environmental Protection and the China Insurance Regulatory Commission is conducive to promptly responding to pollution accidents, timely compensation and effective protection of the rights and interests of pollution victims.
The Ministry of Environmental Protection issued a notice saying that the state encourages high-environmental risk enterprises such as petrochemical enterprises, dangerous chemical enterprises, hazardous waste enterprises and dioxin-emitting enterprises with large environmental risks to insure environmental pollution liability insurance. The relevant provisions are not further detailed in the announcement.
According to the Ministry of Environmental Protection, there are more than 2,000 enterprises insuring environmental pollution compulsory liability insurance, and the amount of underwriting is nearly 20 billion yuan (about 3.2 billion US dollars).
The Ministry of Environmental Protection also proposed incentives to promote corporate insurance. For example, when arranging funds for environmental protection matters or special funds for prevention and control of heavy metal pollution, the project shall be tilted against the pollution prevention and control project of the insured enterprise; the insurance information of the insured enterprise shall be notified to the banking financial institution in a timely manner, and the financial institution shall give priority to the principle of risk control and commercial sustainability. Credit support.
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