Financial instruments for environmental risks and damage

Abstract

The main purpose of this thesis is the evaluation of the financial and economic instruments to support the management of environmental damage. The thesis explores the insurance and market opportunities to limit the environmental risks and to restore natural resources after a damage occurs. This work analyzes the topic through its contextualization within the regulations relating to environmental liability on a general level (Environmental Liability) and a bibliography research about the tools and techniques currently used by the insurance companies in terms of potential environmental damage. It will use a top-down approach, starting with a general analysis up to the examination of specific case studies. It is presented a survey of some insurance companies and instruments to analyze the current level and setting of insurance guarantees related to environmental risks. The insurance analysis is focused on specific cases of study in the Venice area, examining the present situation of financial guarantees instruments related to the waste treatment risks.