Belarus

Responses

Mitigation

Sectors

Economy-wide Energy Transport

Instruments

Economic

Tax incentives

Information

Education, training and knowledge dissemination Research & Development, knowledge generation

Keywords

Institutions / Administrative Arrangements Carbon Pricing Energy Supply Energy Demand

Decree No. 625 on 'Some GHG Emission Reduction Issues'

Executive

Decree/Order/Ordinance

Passed in 2010

The decree confirms and updates the rules for carbon pricing through a voluntary GHG emissions reduction scheme under the UNFCCC and Kyoto Protocol, including reductions by non-nationals. It allows for non-nationals to buy carbon credits from voluntary GHG emission reduction projects. The revenues from the sale of GHG emissions reduction units are allocated to the National Fund for the Protection of the Environment and are to be specifically dedicated to:

Measures supporting GHG emissions reduction through development of carbon sinks, energy efficiency measures, development of renewable technologies
Administrative measures related to the operation of the voluntary GHG emissions reduction scheme, such as financing of an expert organization to determine eligible projects
Development of national reporting and operation of the National GHG Inventory under the UNFCCC and Kyoto Protocol
Support of research activities related to climate change and development of low-carbon technologies
Training of experts and awareness-raising activities

Organisations carrying out emissions reduction projects benefit from tax exemptions on the investment equal to the value of purchased emissions reduction units.