The Law and Business of International Project Finance Book contents
- Frontmatter
- Contents
- Preface to the Third Edition
- Preface to the Second Edition
- Preface to the First Edition
- PART ONE AN INTRODUCTION TO PROJECT FINANCE
- PART TWO RISK IDENTIFICATION, ALLOCATION, AND MITIGATION
- PART THREE PROJECT FINANCE STRUCTURES
- PART FOUR TECHNICAL, POLITICAL, AND ECONOMIC FEASIBILITY
- CHAPTER EIGHT THE FEASIBILITY STUDY AND NEEDS ASSESSMENT
- CHAPTER NINE HOST-COUNTRY BUSINESS ENVIRONMENT FOR PROJECT FINANCE
- CHAPTER TEN ECONOMIC FEASIBILITY
- CHAPTER ELEVEN ENVIRONMENTAL REGULATION AND ENVIRONMENTAL FEASIBILITY OF THE PROJECT
- PART FIVE PROJECT FINANCE DOCUMENTATION
- PART SIX CREDIT ENHANCEMENT
- PART SEVEN DEBT AND EQUITY FINANCING
- PART EIGHT COLLATERAL
- PART NINE PROJECT SPONSOR AND INVESTOR AGREEMENTS
- PART TEN SPECIAL TOPICS IN PROJECT FINANCE
- Appendix A A Checklist of Due Diligence Considerations for a Project Financing
- Appendix B UNCITRAL Legislative Guide on Privately Financed Infrastructure Projects
- Project Finance Terms, Abbreviations, and Acronyms
- Select Bibliography
- Index
CHAPTER ELEVEN - ENVIRONMENTAL REGULATION AND ENVIRONMENTAL FEASIBILITY OF THE PROJECT
from PART FOUR - TECHNICAL, POLITICAL, AND ECONOMIC FEASIBILITY
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- Preface to the Third Edition
- Preface to the Second Edition
- Preface to the First Edition
- PART ONE AN INTRODUCTION TO PROJECT FINANCE
- PART TWO RISK IDENTIFICATION, ALLOCATION, AND MITIGATION
- PART THREE PROJECT FINANCE STRUCTURES
- PART FOUR TECHNICAL, POLITICAL, AND ECONOMIC FEASIBILITY
- CHAPTER EIGHT THE FEASIBILITY STUDY AND NEEDS ASSESSMENT
- CHAPTER NINE HOST-COUNTRY BUSINESS ENVIRONMENT FOR PROJECT FINANCE
- CHAPTER TEN ECONOMIC FEASIBILITY
- CHAPTER ELEVEN ENVIRONMENTAL REGULATION AND ENVIRONMENTAL FEASIBILITY OF THE PROJECT
- PART FIVE PROJECT FINANCE DOCUMENTATION
- PART SIX CREDIT ENHANCEMENT
- PART SEVEN DEBT AND EQUITY FINANCING
- PART EIGHT COLLATERAL
- PART NINE PROJECT SPONSOR AND INVESTOR AGREEMENTS
- PART TEN SPECIAL TOPICS IN PROJECT FINANCE
- Appendix A A Checklist of Due Diligence Considerations for a Project Financing
- Appendix B UNCITRAL Legislative Guide on Privately Financed Infrastructure Projects
- Project Finance Terms, Abbreviations, and Acronyms
- Select Bibliography
- Index
Summary
GROWTH OF ENVIRONMENTAL REGULATION
Generally
Environmental issues are an important aspect of transnational project development, construction, and operation. Increased project construction and operation costs, capital costs related to retrofitting equipment to satisfy new standards, civil and criminal penalties, and securities law violations can each have significant effects on a project and its sponsors.
Environmental laws and regulations have applicability beyond the project itself. They can also apply to the products produced by the project and the waste and other byproducts generated.
Host Country
Local, state, and central governments are increasingly protective of the environment, particularly in the areas of air and water pollution and waste disposal. The degree of implementation and enforcement of these protections varies.
Multilateral and Bilateral Institutions
The World Bank and other multilateral and bilateral institutions, such as the African Development Bank, the Asian Development Bank, and the Inter-American Development Bank, consider protection of the environment a necessary component of their activities. As a result, many governments and multilateral and bilateral institutions require that the effect of a project on the environment be considered and approved before construction begins or money is lent to the project.
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- Chapter
- Information
- The Law and Business of International Project FinanceA Resource for Governments, Sponsors, Lawyers, and Project Participants, pp. 105 - 110Publisher: Cambridge University PressPrint publication year: 2007