Policy status:In Force
Date Effective:2001
Policy Type:Economic Instruments>Market-based instruments, Policy Support
Policy Target:
Agency:Ministry of Housing, Spatial Planning, and the Environment (VROM)
Description:The Netherlands Ministry of Housing, Spatial Planning and the Environment (VROM) is responsible for purchasing Certified Emission Reduction Units (CERs) from Clean Development Mechanism (CDM) projects. A special CDM division was established within the ministry as part of the Directorate for International Affairs on 1 April 2001. As public money is involved and procurement rules are applicable, the Ministry is not entitled to buy CERs at random from the market. Co-operation will therefore be sought with several types of intermediate implementing organisations. VROM intends to purchase Emission Reductions through the following four tracks: - Certified Emission Reduction Unit Procurement Tender (CERUPT). CERUPT offers companies the possibility to offer emission reductions generated from their investment project to the Dutch government. Senter, a government agency, implements the procedure. The results of the first CERUPT tender are expected early 2003. - Multilateral international financial institution. VROM has signed four contracts to purchase emission reductions from the following multilateral banks: International Bank for Reconstruction and Development (16Mton), International Finance Corporation (10Mton), and the Corporacion Andina de Fomento (10Mton). - Private financial institutions. VROM intends to contract a private bank to buy emission reductions from their portfolio. Banks will be selected through public procurement. It is expected that a contract will be signed in 2003. - Bilateral purchase agreements with Host Countries. VROM intends to conclude bilateral agreements with Host countries for the transfer of CDM-reductions to the Netherlands. This measure is part of Netherlands Climate Policy Plan Part II.

Last modified: Mon, 30 Jul 2012 15:12:02 CEST