posted on 2024-09-06, 06:59authored byHabtamu Lanjore
Nowaday's investment activities have been increasing in an alarming speed. This is due to the
undeniable fact of globalization which consecutively created highly favorable condition for
MNCs to go to different corner of world to establish their plant, and invest on different sectors of
economy. Some times while doing investment MNCs have been polluting air and failed to work in
socially responsible manner. Due to this fact, there have been different move by the world
society to protect environment. Despite these move, there still have gaps that should be filled
immediately by cooperation of world community, especially by developed countries.
Currently, in Ethiopia too, there are huge inflows of FDI and domestic investments due to the
strong measure the current government has been taking to promote investment by adopting
investment friendly laws. Besides, the government of Ethiopia has been enacting environmental
protection laws. Hence, in Ethiopia, there are large amount of investment promoting laws and
environmental protection laws. On one hand, the government has been turning every stone to
achieve the goals of economic development, and on another hand it seems that there are moves
toward protecting environment. However, balancing these two important agendas (development
and environmental protection) highly requires commitment.
This paper going to assess how much place and attention is being given for environmental
protection by investment laws of the country, and the obligations that are set in environmental
laws to investment activities. Furthermore, incompatibilities between selected investment laws
and environmental laws will be analyzed. Finally, an attempt will be made to asses legal gaps, if
any, on chosen investment and environmental laws of the country.
Funding
Jimma University
History
Publisher
Jimma University
Citation
Lanjore, H. (2015) Interplay between investment laws and environmental laws in Ethiopia with regard to environmental protection. Jimma University 98. Jimma. Jimma university.