International Journal of Law, Policy and Social Review
2020, Vol. 2, Issue 1
Striking a balance between investment considerations and environmental sustainability under Cameroonian sectoral laws: A legal appraisals
Ayuk Macbert Nkongho, Nchifon Robert Elvis Yenkuh
The natural environment provides clean water supply, clean air, mitigate climate change/global warming and ultimately sustain the wellbeing of mankind and sundry. Also, natural environmental resources also provide livelihood, jobs and revenues to government that can be used for education, health care, development and sustainable business models. Therefore, a healthy environment is a pre-requisite for the sustainability of the present generation without compromising the ability of the future to benefit theirs. Worth noting is that economic development explains why investment activities have increased at an alarming rate worldwide with favorable conditions for multilateral corporations to expand and diversify their exercises in different sectors of the economy. Unfortunately, due to unsustainable exploitation of natural resources by investors and the quest for economic growth in the world in general and Cameroon in particular, mankind has being deprived of these natural resources with much of what is reliedfor livelihood are at the verge of extinction. Most probably, investors seem not to comply with norms that regulate exploitation activities. It will be of essence at this juncture to examine the relationship that exist between investment laws and environmental laws and attempt to strike a balance to ensure environmental sustainability. We also aimin this article to demonstrate how investment activities have impacted negatively on the environment. This article also seeks to examine the legal mechanisms put in place by the Cameroonian legislator to protect the environment against investment activities and some constraints which cause investors not to effectively comply with them. This article therefore, concludes with some robust recommendations which if effectively implemented, will help to ensure effective compliance with environmental norms in Cameroon in particular and the world at large for the purpose of sustainability.