TURKMENISTAN: Compulsory TPL insurance of the companies which may endager environment has came into force

The law on environmental safety came into force in Turkmenistan. The new legal act stipulates compulsory insurance of civil liability of enterprises and industries that are a source of increased environmental danger.

According to Azernews, the Law provides for the creation and maintenance of a national system of environmental safety, establishing the framework and the responsibility of bodies of state power and local self-government, public associations for ensuring environmental safety in the corresponding territory has been established.

The independence of the environmental audit of economic and other activities, as well as the compulsory compensation of damage caused as a result of damage to the environment and public health are stipulated in the law.

The state support of entrepreneurial activity in the field of environmental safety is guaranteed through the establishment of tax and other benefits.

A number of articles of the law are devoted to the state examination of environmental safety, certification of products of chemical and petrochemical industries, engineering and electric power industry, processes, works and services.

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