Expected losses from environmental hazards resulting from Egyptian industry

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Department of Quantitative Methods, Faculty of Commerce, Sohag University, Egypt

Abstract

Environmental risks vary according to their causes, and if the cause of the risk is industry, then the risks also differ according to the type and size of the industry, and it is difficult to obtain complete information about environmental risks. The extent of countries' interest in industry depends on the size of the environmental risks caused by each industry, so it was necessary to measure the size of the expected loss from environmental risks, so that the decision maker can design a guide to the negative impact on the environment for each industry separately. The researcher studied the environmental risks related to the cement industry, as it is the most environmentally polluting industry. The study aimed to measure the average expected losses of the environmental risks resulting from the Egyptian industry. This was applied to the Assiut Cement Factory to provide all the conditions for the study, using appropriate mathematical and statistical models, and concluded The study aims to identify and measure these environmental risks, and recommends conducting an integrated study of the environmental impact of each industry, and obliging the owners of those factories to issue civil liability insurance documents against all environmental risks resulting from the operation of the factory.

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