ENVIRONMENTAL INSURANCE AS A WAY TO MINIMIZE ENVIRONMENTAL AND ENVIRONMENTAL-LEGAL RISKS IN THE ARCTIC

Abstract

The purpose of the study is to analyze the most promising and effective way to minimize environmental and environmental-legal risks in the Arctic climatic conditions. Special attention is paid to the Institute of Environmental Insurance in the light of the development and adoption of the Fundamentals of the State Policy of the Russian Federation in the Arctic for the period up to 2035. It is noted that environmental insurance is not only a guarantee of satisfying the interests of individuals and legal entities in the event of certain insured events, but also one of the preventive ways of environmental protection. Attention is paid to the need to develop public-private partnership in the process of developing infrastructure facilities in the Arctic zone of Russia. According to the author, within the framework of the adoption of the Federal Law "On State Support of Entrepreneurial Activity in the Arctic Zone of the Russian Federation", a voluntary form of environmental insurance, implying additional benefits to Arctic residents, becomes preferable.