Policy status:In Force
Date Effective:2012
Policy Type:Policy Support
Policy Target:Framework/ Multi-sectoral Policy
Agency:Flemish government - Environment, Nature and Energy Department
Legal References:Programmadecreet 13/07/2012, art. 14

The majority of the climate measures are financed by the policy areas that are responsible for the measures in question. In addition, the Government of Flanders decided on 27 April 2012 to set up the Flemish Climate Fund to provide a financial framework for its ambitious long term climate policy. This Climate Fund will mostly draw on revenues from the auction of emission allowances under the EU ETS. These revenues can be used to:

- implement internal Flemish climate policy with a view to reaching the Flemish greenhouse gas emission reduction targets;

- implement Flemish policy on the flexibility mechanisms set out in European and international legislation and conventions;

- cover the Flemish contribution(s) as part of the international support for developing countries in their fight against climate change in accordance with the decisions of the UNFCCC;

- remediate loss of competitiveness among Flemish businesses as a result of European and international climate policy (indirect carbon leakage); and

- cover all policy costs relating to preparations, organization or contributions in the framework of climate auctions.

Related policies:Flemish Climate Policy Plan 2013-2020

Last modified: Mon, 30 Oct 2017 13:38:07 CET