Country:Lithuania
Year:2009 (last amended 9 May 2013)
Policy status:In Force
Jurisdiction:National
Date Effective:2009 (last amended 9 May 2013)
Date Amended:

23 November 2010; 22 May 2012; 9 May 2013

Policy Type:Economic Instruments>Fiscal/financial incentives, Policy Support, Policy Support>Institutional creation, Economic Instruments>Market-based instruments>GHG emissions trading, Economic Instruments>Fiscal/financial incentives>Taxes, Economic Instruments>Fiscal/financial incentives>Tax relief, Economic Instruments>Fiscal/financial incentives>Loans, Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Information and Education>Information provision
Policy Target:Energy Sector, Energy Sector>Electricity Generation, Energy Sector>Electricity Generation>Renewable, Framework/ Multi-sectoral Policy, Energy Sector>Energy Efficiency / Demand Reduction, Resilience / Adaptation
Agency:Ministry of Economy; Ministry of Environment; Ministry of Energy;
URL:http://www3.lrs.lt/pls/inter3/dokpaieska.showdoc_l?p_id=353938
Legal References:Law No. XI-329
Description:

The Law on Financial Instruments for Climate Change Management addresses the rights, duties and liability of the people engaged in economic activities resulting in greenhouse gas emissions as well as the sphere of competence of state institutions and bodies. The Law supports fulfilment of Lithuania’s obligation resulting from its membership in the EU and in the Kyoto Protocol.

The Law also establishes and/or adopts following:

  1. Special Programme for Climate Change: funds gathered through GHG trading system will be allocated to the Programme which will be responsible for management and distribution of gathered financial means for projects supporting end implementing energy efficiency, renewable energy, reforestation, measures of adaptation and mitigation of climate change. Programme also supports educational projects in previously enlisted areas. 
  2. Greenhouse Gas Emission (GHG) Allowance Trading Scheme;
  3. GHG Registry
  4. National Strategy for Climate Change Management Policy and the Plan of Implementation Measures.
Related policies:The Lithuanian Environmental Investment Fund (LEIF)
Related Documents:

In order to download full text of the Law on Financial Instruments for Climate Change Management in English, please click here

Last modified: Fri, 13 Mar 2015 12:20:44 CET