The Kyoto revolving Fund to Foster Italian Green Economy |
12 March 2012 |
On March 1, the Italian government finally launched the Kyoto revolving fund, amounting to 600 million Euros for the reduction of GHGs emissions. This tool will allow private companies and public institutions to receive subsidized loans to be invested in projects for renewable energy, energy efficiency and forest management. The fund is called revolving because the money paid off by the financed projects will be reinvested in new ones. It is expected however that applications will soon exceed the amount set for the first year and the Ministry of the Environment Land and Sea is already working to find additional resources. In particular, funds coming from the ETS system for CO2 emission credits will probably be available soon. Of the 200 million annual available amount, a major share will be devoted to projects for thermal insulation of building, district heating and small biomass cogeneration plants. Other financed projects will be small renewable energy plants, diffused microgeneration and sustainable forestry management. For more information please visit the Cassa Depositi e Prestiti Website (Italian Only) |
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