Country:Spain
Year:2004
Policy status:In Force
Jurisdiction:National
Date Effective:2004
Date Amended:

2011 (9 November)

Policy Type: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)
URL:http://www.mapama.gob.es/es/cambio-climatico/temas/fondo-carbono/
Legal References:Royal Decree 1494/2011, of October 24th
Funding:Annual allocations in the State's general budgets.
Climate Change Description:

 

The Carbon Fund for a Sustainable Economy (FES-CO2) is a climate finance tool based on the acquisition of carbon credits to catalyze the transformation of the Spanish production system. FES-CO2 will conduct its activities primarily at national level, although it can also buy credits in the international carbon markets.

FES-CO2 aims to boost the activity of Spanish companies in sectors not covered by the European Union Emissions Trading Scheme (EU ETS) by purchasing verified emissions reductions resulting from the development of emission reduction projects.

Last modified: Fri, 26 Jan 2018 14:09:48 CET