Africa and environmental disasters: Can environmental insurance help?
NOVANEWS
The Rezponder
John O. Kakonge
African countries should consider making insurance a mandatory requirement for certain categories of environmentally sensitive projects. This requirement should be applied pragmatically, in order not to drive away investors. At the same time investors, especially from developed countries, should not apply double standards when they are outside their countries of origin environmental pollution insurance is required.
Introduction
Globally, many developed countries are now confronted with environmental disasters that are destructive and sometimes life-threatening. Recent such disasters include the oil spills in the Gulf of Mexico off the coast of Louisiana in the United States of America, the oil spills of the Niger Del...
