Regulation No. 11 of 2011 of Minister of Finance of Estonia on the terms and procedure for the use of funds received from the third agreement concluded between the Republic of Estonia and Sumitomo Mitsui Banking Corporation for the trading of state emission allowances

This Regulation provides for the authorization of the State for Emissions Trading pursuant to Order No. 514 of the Government of the Republic of 30 December 2010 “Authorization to Sign the Third Emissions Trading Agreement between the Republic of Estonia and Sumitomo Mitsui Banking Corporation pursuant to Article 17 of the Kyoto Protocol” the conditions and procedure for the use of funds received under the agreement for the implementation of investments in reducing the energy consumption of buildings used by public authorities, private legal entities under the control of the state, local government units and public legal entities. Under the Green Investment Scheme, support shall be granted for the purpose of making investments in the buildings listed in Annexes 1 and 2 to this Regulation that reduce energy consumption. The Regulation consists of six chapters: General provisions (1); Basis for granting support (2); Organization of the grant (3); Rights of the Ministry and Obligations of the Beneficiary (4); Payment of the grant and reports (5); and Implementing provisions (6).