Environmental Support Act

Austria

Legislative

Law

Passed in 1993

The Act created the Domestic Environmental Support Scheme, whose main objective is to provide subsidies for companies to implement energy efficiency measures and environmental protection measures. An amendment created the framework for Austria's Joint Implementation/Clean Development Mechanism/Green Investment Programmes, to help Austria to comply with its commitments under the Kyoto Protocol. The total budget available for purchase of emissions reductions amounts to €611 million (USD 767 million).