Portugal
Decree-Law 71/2006 on the Portuguese Carbon Fund
This financial/ economic instrument is an autonomous fund with a financial and administrative autonomy and its main duties are crediting the emission of GHGs generated under the flexibility mechanisms: Clean Development Mechanism (CDM), Joint Implementation (JI), International Emission Trading (IET); crediting of GHG emissions through investment in funds managed by third parties or other instruments of the carbon market; supporting projects in Portugal leading to a reduction of GHG on energy efficiency, renewable energies, carbon sinks, geological capture and sequestration of CO2, adoption of new technologies; promotion of participation of public and private entities in flexibility mechanisms; support of international cooperation projects; support of infrastructural projects accounting GHG emissions and carbon sequestration in Portugal.