THE ENVIRONMENT MANAGEMENT AND CO-ORDINATION DRAFT (DEPOSIT BONDS) REGULATIONS, 2014.
This Regulation shall be applicable to the activities, industrial plants and undertakings which have or more likely to have adverse effects on the environment. The purpose of these Regulations is to ensure:-
- Good environmental practices;
- Adequate remediation is achieved without adversely affecting economic viability;
- Compliance with remediation obligations;
- Availability of funds for remediation; and
- Sustainable development.
Any person operating or proposing to operate an industrial plant and undertaking an activity as stipulated in the Deposit Bonds. Register shall be required to prepare a Deposit Bond Assessment Report.