Policy status:In Force
Date Effective:2003
Policy Type:Policy Support, Economic Instruments>Market-based instruments
Policy Target:Framework/ Multi-sectoral Policy
Agency:Ministry of Economic Affairs
Funding:€32 million
Description:The Government of the Netherlands and the European Bank for Reconstruction and Development set up a Carbon Fund to promote the reduction of greenhouse gas emissions in central and eastern Europe. The Bank used €32 million in Dutch funds to acquire carbon credits, for the account of the Netherlands, under the Joint Implementation mechanism of the Kyoto Protocol. The funds bought carbon credits from projects such as modernised district-heating systems that cut emissions in the central and eastern EU, as well as from projects in Bulgaria, Croatia, Romania, Russia and Ukraine.

Last modified: Mon, 30 Jul 2012 15:39:23 CEST