Belgium
Special Act to reform the finance of the Communities and the Regions, the extension of the tax autonomy of the Regions and the finance of new competences
This mechanism is to be financed with revenues from auctioning of the emission quotas assigned to Belgium (which are yet to be distributed between the regions and the national government through the domestic-burden sharing, currently being discussed). In order to ensure that a sufficient part of the auctioning revenues is preserved, a bonus ceiling is set at a level equal to the national government's share of auctioning revenues, while the penalties ceiling is set at 50% of the regional share of the auctioning revenues.
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GHG emission reductions in buildings in the residential and tertiary sectors per region by 2030 against a 2015 baseline