Addressing Historical Environmental Damages in Privatization Bulgaria’s Road Towards Improved Environmental Management Adriana Damianova Environment and Socially Sustainable Development Europe and Central Asia , World Bank Managing for Development Results Second International Roundtable, Marrakech, February 4-5, 2004
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Addressing Historical Environmental Damages in Privatization
Addressing Historical Environmental Damages in Privatization. Bulgaria ’ s Road Towards Improved Environmental Management Adriana Damianova Environment and Socially Sustainable Development Europe and Central Asia , World Bank Managing for Development Results - PowerPoint PPT Presentation
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Addressing Historical Environmental Damages in Privatization
Addressing Historical Environmental Damages in Privatization
Bulgaria’s Road Towards Improved Environmental Management
Adriana Damianova
Environment and Socially Sustainable Development
Europe and Central Asia , World Bank
Managing for Development Results
Second International Roundtable, Marrakech,
February 4-5, 2004
Addressing Historical Environmental
Damages in Privatization Addressing Historical Environmental
Damages in Privatization
World Bank assistanceEnvironment Remediation Pilot
Addressing Historical Environmental Damages in PrivatizationAddressing Historical Environmental Damages in PrivatizationImplementation documents Sales Purchase Agreements include environmental
plan for compliance based on standards acceptable to regulator and regulated entity
Implementation Agreement with agreed performance indicators to show implementation progress
Agreement on inter – agency implementation and post- privatization oversight (structure,functions responsibilities, reporting etc.)
“After-care program” for sustainability of project measures agreed prior to completion
Addressing Historical Environmental Damages in PrivatizationAddressing Historical Environmental Damages in PrivatizationEnabling legal and regulatory framework in place: Privatization Act and by-laws Environmental Protection Act Water Act EIA Regulation Regulation on Principles and Procedures for
Determining State Liabilities for Historical Pollution
Methodology and Guidance on Past Environmental Pollution
Addressing Historical Environmental Damages in PrivatizationAddressing Historical Environmental Damages in Privatization Build partnership between stakeholders/
beneficiaries: Ministry of Environment and Waters and Regional
Environmental Inspectorates Ministry of Finance Privatization Agency Municipalities Enterprises Investors (UM) Local population
Addressing Historical Environmental Damages in PrivatizationAddressing Historical Environmental Damages in PrivatizationLessons learned from ERPP Identification of environmental problems must be
done at the outset of privatization process Implementation responsibility handed over to private
owner Information on enterprise environmental
performance is key (environment audits/ EIA) and should be included in privatization documents
Involvement of all stakeholders and public at large is critical for sustaining project outcomes
Negotiations on environmental conditions should be included in the negotiations of individual sales
Addressing Historical Environmental Damages in PrivatizationAddressing Historical Environmental Damages in PrivatizationLessons learned from ERPP Implementation of clean up programs requires
continuous post-privatization oversight Bank support facilitates effective collaboration
and public-private partnership for environmental management
Corporate businesses act in more responsible manner to social and environment issues in a transparent environment
The project model enhanced transparency and public access to information on corporate environmental performance
Addressing Historical Environmental Damage in PrivatizationAddressing Historical Environmental Damage in PrivatizationPolicy Outcomes: Integrating environmental issues in structural
reforms (accompanying operations FESALI and II, follow up operation PALI)
Policy improvements and instruments for addressing environmental issues in privatization
Institutional capacity and enhanced public-private partnership in environmental management
Enhanced role of environmental agencies and improve institutional coordination
Better collaboration with donors
Addressing Historical Environmental Damages in PrivatizationAddressing Historical Environmental Damages in PrivatizationEconomic benefits Increased interest from reputable FDI in
privatization of large industries Increased environment investments from private
sector and contribution to clean up cost in a cash strapped economy
Higher budgetary revenues and economic growth boosted by more viable private sector
Improved corporate governance Cost saving by linking environmental compliance
and industrial restructuring
Addressing Historical Environmental Damages in PrivatizationAddressing Historical Environmental Damages in PrivatizationSocial and environmental benefits Protection of human health and sensitive
ecosystems from excessive pollution Mitigation of risks posed by past pollution Environmental monitoring and compliance with
environmental standards of industries improved Partial offset of adverse social impact of
privatization by prolonged demand for new jobs and new employment opportunities for local population
Old Slag Dump Rehabilitation Contaminated waste excavated and sites cleaned up
November 1999
September 2002
Clean-up of Old Sulfuric Acid Plant
Old sulfuric acid plant demolished and site decontaminated
November 1999
October 1997
June 1999
December 2002
Closure of the “Blue Lagoon”“Blue lagoon” encapsulated and re-vegetated