Country:Germany
Year:2001
Policy status:Planned
Jurisdiction:International
Date Effective:2001
Policy Type:Economic Instruments>Market-based instruments
Policy Target:Industry
Description:A German state-owned credit institution announced in September 2001 that it was planning to introduce two funds to help the country meet its target to cut 45 million tonnes of GHG emissions a year by 2010.The first fund will help companies finance environmental projects in developing countries as part of the Clean Development Mechanism (CDM) of the Kyoto Protocol. A second fund would aim to encourage small to medium-sized firms to take part in emissions trading in a Europe-wide company cap-and-trade system, which the EU plans to launch in 2005.

Last modified: Mon, 09 Jul 2012 11:44:02 CEST