Policy status:In Force
Date Effective:2011
Date Ended:2015
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments, Economic Instruments>Market-based instruments, Economic Instruments>Direct investment
Climate Change Policy Targets:Framework/ Multi-sectoral Policy
Agency:The Ministry of Agriculture, Fisheries, Food and Environment (MAPAMA), Climate Change Spanish Office (OECC)
Legal References:Royal Decree 1494/2011, of October 24th
Funding:FUNDING FES-CO2 Carbon Fund capital
Climate Change Description:

Climate Projects are Greenhouse Gases (GHG) emissions reduction projects, implemented in Spain, developed in sectors not covered by the European Union Emissions Trading Scheme (EU ETS), such as transport, building, agriculture and livestock, fluorinated gases or small industry. They must go beyond what is required by legislation and achieve real and verifiable emission reductions that have an impact in the Spanish National GHG Inventory.

The incentive for each selected Climate Project is the payment made by FES-CO2.

Carbon Fund for every tone of CO2 equivalent (tCO2e) reduced and verified during a period of time.

Related policies:Carbon Fund for a sustainable economy - Fondo de Carbono para una Economía Sostenible (FES – CO2)

Last modified: Fri, 26 Jan 2018 14:13:56 CET