National legislation implementing European directives takes time, on average two to three years, but is now in place for the Environmental Liability Directive (ELD) and Non-Financial Reporting Directive (NFR). Discover the national laws.
European risk managers are concerned about the latest recommendations on the implementation of ELD adopted in a European Parliament report on 26 October 2017. The most significant issues are possible mandatory financial security and potential extensions of exposure. FERMA will continue to argue that these measures could prove counterproductive in terms of reducing the risks to the environment while putting an unnecessary burden on industry.
There is unlikely to be a revised proposal for the EU Environmental Liability Directive (ELD) in 2017, according to the European Commission document the REFIT Scoreboard 2016.