Factsheet: Fund for Climate Change Mitigation

Fund for Climate Change Mitigation

Key Information
Full name of Instrument & Measure (English): 
Law of the Republic of Lithuania on Financial Instruments for Climate Change Management
Full name of Instrument & Measure (native language): 
Lietuvos Respublikos klimato kaitos valdymo finansinių instrumentų įstatymas (Valstybės žinios, 2009-07-23, Nr. 87-3662;2010-12-11, Nr. 145-7427; 2013, Nr. 54-2691)
Description: 
The Fund for the Special Programme for Climate Change Mitigation supports projects aiming to reduce greenhouse gas emissions. 40% of the budget for this programme are intended to be used to encourage renewable energy use and the introduction of environmentally friendly technologies. This fund provides support in the form of loans and subsidies according to the Guidelines for the Use of the Fund for the Special Programme for Climate Change Mitigation, approved by Order No. D1-275/2010. No less than 20% of the loan is provided.
Goal/Aim: 
- Stimulate investments in renewable energy. - Stimulate investments in environmentally friendly technologies.
Responsible Authority: 
Lietuvos aplinkos apsaugos investicijų fondas (LAAIF) – Lithuanian Environmental Investment Fund (LEIF)

Status:

Year Instrument & Measure Started: 
2009
Year Last Instrument & Measure was last Amended: 
2013