|Policy status:||In Force|
|Policy Type:||Policy Support>Institutional creation, Economic Instruments>Fiscal/financial incentives>Taxes|
|Policy Target:||Multi-Sectoral Policy|
|Agency:||Ministry of Economy and Finance / Ministry for the Environment Land and Sea|
|Legal References:||Art 110 Finance Law 2001; Ministerial decrees 25 November 2008 and 17 November 2009; Ministerial decree 19 July 2011;|
A financial law, approved at the end of 2000, established a fund for the reduction of atmospheric emissions and the promotion of energy efficiency and sustainable energy sources. The fund was to be financed from 3% of the receipts accruing from the carbon tax law. Among other activities, the fund was expected to finance up to 80% of the cost of programmes for installation of solar collectors (mostly PV), particularly in southern Italy, and reforestation programmes to increase absorption of CO2.
The most recent intervention aimed at promoting measures for reducing GHG emissions, increasing energy efficiency and the use of renewable energy sources is the "Revolving Kyoto Fund". The fund has been implemented by the Ministerial Decrees of 25 November 2008 and November 17, 2009, intended to grant loans for interventions in the field of renewable energy, energy efficiency, research and forest management. The total amount of the Revolving Fund is 600 million, distributed in three annual installments of 200 million Euros each. The Fund is "rotary", since it feeds through the repayments of loans. This fund has never been made operational.
Last modified: Mon, 10 Nov 2014 10:56:28 CET