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The prevention and remediation of environmental damage at contaminated sites, and from the closure of authorised activities, is a strategic priority for the EPA. To this end, operators under various authorisation regimes (waste, industrial emissions directive and integrated pollution control licensing, and dumping at sea permitting) are required to make adequate financial provision for the potential environmental liabilities associated with:
The EPA published Guidance on assessing and costing environmental liabilities in 2014, and provided other supports by way of unit cost rates for verification of any costings, a FAQ document and webinar.
The EPA published Guidance on financial provision environmental liabilities in 2015, and provided other supports by way of templates for the financial instruments to be used in making financial provision.
The guidance package above replaces the previously issued 2006 guidance and provides clear direction on the standards necessary to comply with relevant licence and permit conditions relating to:
Irrespective of the type of financial instrument used, all financial provisions must be:
Guidance and Webinars
Guidance on financial provision for environmental liabilities
Guidance on financial provision for environmental liabilities - EIL insurance
Guidance on assessing and costing environmental liabilities
Guidance on assessing and costing environmental liabilities – unit cost rates for verification
Guidance on assessing and costing environmental liabilities – frequently asked questions
Guidance on assessing and costing environmental liabilities - webinar (available free to register) at BrightTALK
Secured fund - account charge template
Secured fund – drawdown agreement template
On-demand performance bond template
Parent company guarantee template
Central Bank of Ireland Registers of Financial Services
Ratings of bond providers: Standard and Poor’s and Moody’s
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