Cabinet Regulation No. 644 of 2009 on Procedures for Implementation of Projects Financed by the Climate Change Financial Instrument, the Submission and Examination of Reports Thereof

These Regulations prescribe the procedures for the implementation of projects financed by the climate change financial instrument, the submission and examination of reports thereof. The Ministry of Environment is the responsible authority regarding the preparation of project implementation contracts, the entering into, amending and termination thereof, the examination of the project implementation reports and the control of project implementation. The responsible authority shall ensure the fulfilment of the functions referred to in Paragraph 2 of these Regulations, taking into account the legislative acts in force and the agreements entered into by the government of the Republic of Latvia regarding the trade of greenhouse gas emission units owned by the State. The aim of project implementation is the restriction and reduction of greenhouse gas emission. The amount of the reduction of GHG emission shall be calculated in accordance with the regulatory enactments regarding the tender regulations for project applications.