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The EU's Environmental Liability Directive is an effort to harmonize previous liability regimes and implements the "polluter pays" principal: making parties responsible for environmental damage financially responsible for preventing and remediating that damage. The equivalency requirements under the ELD are not limited to strictly like-for-like.
| Date Established: 2004 | Status: Active | Program Type: 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: - | |
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| Notes: http://ec.europa.eu/environment/legal/liability/index.htm | ||
| Bank regulator information: Environment Directorate-General of the European Commission | Last Updated: June 29, 2010 | |