Policy status:In Force
Date Effective:2012
Policy Type:Economic Instruments>Market-based instruments
Policy Target:

Brussels Climate Fund is a central tool of implementation of the Brussels climate policy. The climate fund was created within the COBRACE. It aims at financing the measures which contribute to reduce the greenhouse gases emissions in all sectors and to develop renewable energy.
The purpose of such a fund, however, is not limited to regional measures to mitigate climate change. In line with international agreements taken within UNFCCC in Copenhagen and Cancún, the means of the fund will also be allocated to financing climate policies in developing countries.

Last modified: Mon, 30 Oct 2017 13:38:09 CET