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Sharing the Costs and Benefits of Energy and Resource ActivityLegal Change and Impact on Communities$
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Lila Barrera-Hernández, Barry Barton, Lee Godden, Alastair Lucas, and Anita Rønne

Print publication date: 2016

Print ISBN-13: 9780198767954

Published to Oxford Scholarship Online: June 2016

DOI: 10.1093/acprof:oso/9780198767954.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 September 2019

Broadening Community and Regional Benefits from Energy Development through Environmental Restoration Funds

Broadening Community and Regional Benefits from Energy Development through Environmental Restoration Funds

Chapter:
(p.223) 13 Broadening Community and Regional Benefits from Energy Development through Environmental Restoration Funds
Source:
Sharing the Costs and Benefits of Energy and Resource Activity
Author(s):

Nonye Opara

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198767954.003.0013

This chapter looks at the environmental costs of conventional energy projects, particularly damage to the environment occasioned by resource extraction and development. It highlights the potential utility of environmental restoration funds as legal and financial mechanisms for providing benefits to communities dealing with adverse effects of resource development. The potential benefits of environmental restoration funds in addressing environmental degradation is evaluated in comparison with other institutions and mechanisms for managing environmental expenditure for restoration projects. Finally, the chapter canvasses the need for environmental restoration funds to be operated as state-led initiatives. It recommends changes to legal frameworks to facilitate the creation of these funds.

Keywords:   energy projects, resource extraction, environmental restoration funds, resource development, environmental degradation, restoration projects

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