Environmental Impact Assessment Law and Environmental Compensation Fund (Argentina)

Argentina's Environmental Impact Assessment (EIA) Law defines the standards and implementation practices for development projects that will impact biodiversity, although it does not clearly call for offsets for those impacts. Developers must only submit an Environmental Impact Study, which is then rejected or approved. If the project is not approved, and it has been shown that restoration for environmental impacts is not possible, the project must pay into the Environmental Compensation Fund (Fondo de Compensación Ambiental) which is used to compensate for and prevent future losses to biodiversity. Compensation does not require 'like to like' compensation. The practical operation of this fund, however, is unknown.

Program Statistics

Date Established: 1994 Status: Active Program Type: Combination (One-Off Offset, Compensation)
About the program:
Annual size of program (area): (acre) Year of Data:
Cumulative size of program (area): (acre) Years of Data: -
Annual payments of program (US$): Year of Data:
Cumulative payments of program (US$): Years of Data: -
Notes on program size or payments:
Species or habitat types (if applicable):
Notes: http://pwc.co.uk/pdf/premium/undp_argentina.pdf
Bank regulator information: Secretariat for the Environment and Sustainable Development (SAyDS) Last Updated: November 24, 2010