Environmental Protection Fund Law No. 18 of 2018.

This Law consisting of 17 articles aims at establishing a fund for environmental protection issued under some provisions of the Environmental Protection Law. Main tasks of the fund are (i) encourage any activity improving the environmental protection and conservation; (ii) enhance any development initiatives aimed at exemplary use of environmental factors and natural resource in order to achieve a sustainable development; (iii) disseminate an environmental awareness, including the use of environment-friendly manufacturing techniques; (iv) help sectors with national priorities to respect environmental compliance; and (v) strengthen cooperation and information exchange with local, regional and international organizations in relation to environmental respect.
The fund management is entrusted to a Board whose members remain in charge for two years. Main functions of the Council are (i) establishing priorities according to general policies of environmental protection and optimal investment of fund's resources; (ii) establishing criteria for selection bodies and projects to be funded; (iii) report on implementation of the Fund’s annual plans; and (iv) approving the Director's action plan.