Policy status:In Force
Date Effective:2002
Policy Type:Voluntary Approaches>Negotiated Agreements (Public-private sector)
Policy Target:
Agency:Ministere de LEconomie, des Finances et de lIndustrie (MINEFI)
Description:The government has approved a voluntary greenhouse gas emissions reductions framework proposal made by French companies in July 2002 (first presented at the end of 2001). All gases considered by the Kyoto Protocol are included under the scheme. In order to reduce their emissions, companies will have the possibility of: - Improving the energy efficiency of their production sites. - Reducing emissions linked to buildings under their responsibility and transport patterns. - Using an experimental national emissions trading scheme to be launched in 2003, after-which the EU community scheme will be used (planned for 2005). - Using flexible mechanisms under the Kyoto protocol. Emissions reduction will be monitored by an independent management association. If objectives are not achieved by the milestone dates of 2004 and 2007, companies will have to pay a fine. The funds collected from these fines will then be reinvested in climate change mitigation projects.

Last modified: Wed, 11 Jul 2012 17:34:54 CEST