Environmental financial compensation

Autor: Luciana Gil
10/07/2018 Imprimir Enviar E-mail

All projects subject to environmental licensing with Environmental Impact Study must allocate up to 0.5% of the value of their investment for maintenance/creation of Conservation Units (“UC”) such as Parks, Ecological Stations, Biological Reserves, for example.

This is a "financial compensation" as a result of the negative impacts generated by the implementation of these projects, foreseen in the so-called "SNUC Law" - National System of Conservation Units (Federal Law 9.985 / 2000) and respective regulations (Federal Decree 4.519/2002 and 4.340/2002).

The rules did not expressly provide the methodology for these resources, that is, if the entrepreneur should comply with the compensation indirectly, in which is subject only to deposit the amount destined in a specific account of the conservation unit; or direct, in which it is responsible for the execution, itself, of the environmental actions, as land regularization and elaboration and implementation of their respective management plans.

Indirect execution (the payment) may be more advantageous for entrepreneurs who do not have expertise in services for the creation / maintenance of UCs, since it demands outsourced contractors, assumption of execution deadlines, among other procedures. In the direct way, in turn, a long path of measures, deadlines and commitments is opened to meet the purpose of the standard.

Given the lack of legal forecast on which kind of compensation should be adopted, many administrative and judicial discussions were held involving this matter.

In order to make feasible the indirect execution, Federal Law 13.668 / 2018 was published on May 5, 2018, establishing that the Chico Mendes Institute of Biodiversity (ICMBio) - the managing body of UCs at federal level – will select financial institution (exempt of bidding), to create and manage a private fund to be paid in with the assets raised with the compensation.

Despite the fragilities, the new Law provides security to the implementation of compensation, especially through indirect execution, a measure that may generate greater efficiency in the protection of the environment if properly managed and with the transparency owed by environmental agencies.

 




© 2014 Bichara Advogados

Luiz Gustavo A. S. Bichara

bichara@bicharalaw.com.br Idiomas

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Luiz Gustavo A. S. Bichara

bichara@bicharalaw.com.br Idiomas

Área de atuação

Consultoria e Contencioso Cíveis e Contratos

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec in ligula id sem tristique ultrices eget id neque. Duis enim turpis, tempus at accumsan vitae, lobortis id sapien. Pellentesque nec orci mi, in pharetra ligula. Nulla facilisi. Nulla facilisi. Mauris convallis venenatis massa, quis consectetur felis ornare quis. Sed aliquet nunc ac ante molestie ultricies. Nam pulvinar ultricies bibendum. Vivamus diam leo, faucibus et vehicula eu, molestie sit amet dui. Proin nec orci et elit semper ultrices. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Sed quis urna mi, ac dignissim mauris. Quisque mollis ornare mauris, sed laoreet diam malesuada quis. Proin vel elementum ante. Donec hendrerit arcu ac odio tincidunt posuere. Vestibulum nec risus eu lacus semper viverra.

Luiz Gustavo A. S. Bichara

bichara@bicharalaw.com.br Idiomas

Área de atuação

Consultoria e Contencioso Cíveis e Contratos

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