Regulation No. 24 of 2011 of Minister of the Environment of Estonia on the Conditions and Procedure for the Use of Funds Obtained from the Fifth Agreement between the Republic of Estonia and Sumitomo Mitsui Banking on Emissions Trading

This Regulation provides for the Government Emissions Trading Agreement concluded on the basis of Order No. 105 of the Government of the Republic of 3 March 2011 “Authorization to Sign the Fifth 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 on the basis of the implementation of investments to reduce the energy consumption of buildings used by public legal entities and local government units and private legal entities under their control. 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); Grounds for granting the grant (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).