Italy

Fund for GHG emissions reduction and energy efficiency (Finance Law 2001)

Legislative

Law

Passed in 2000

The financial law, approved at the end of the year 2000, establishes a fund for the reduction of atmospheric emissions and the promotion of energy efficiency and sustainable energy sources. The fund is financed from a portion equal to 3% of the receipts accruing from Italy's carbon tax.

The fund will finance up to 80% of the cost of programmes for installation of solar collectors (mostly PV), particularly in southern Italy. The fund will also finance reforestation programmes to increase absorption of CO2.

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