Analysis of policies, regulatory and implementation framework for addressing environmental liabilities in privatisation
Client: World Bank
In the context of the current privatisation and in view of its potential future activities in Serbia, the World Bank was particularly interested in a clear and comprehensive overview of the state-of-affairs concerning past environmental damages caused by companies which have been subsequently privatised or were due to undergo privatisation.
Milieu carried out a review of existing policy, legal and institutional framework addressing environmental liabilities in privatisation, including existing instruments for financing remediation of environmental legacies. This was carried out through detailed analysis of relevant Serbian regulatory framework namely the Law on Privatisation, the Law on Privatisation Agency and the Law on Environmental Protection as well as a number of by-laws.
Furthermore, Milieu reviewed several environmental assessments reports carried out prior to conclusion of privatisation agreements, as well as several privatisation agreements themselves. In addition, Milieu evaluated the transposition of the Environmental Liability Directive (2004/35/CE) in Serbia.
Finally, Milieu prepared a report reflecting the findings of the desk-based analysis and interviews, including specific recommendations with an aim of addressing environmental liabilities in privatisation.