The Act created the Domestic Environmental Support Scheme, whose main objective is to provide subsidies for companies to implement energy efficiency measures and environmental protection measures. An amendment created the framework for Austria's Joint Implementation/Clean Development Mechanism/Green Investment Programmes, to help Austria to comply with its commitments under the Kyoto Protocol. The total budget available for purchase of emissions reductions amounts to €611 million (USD 767 million).
Environmental Support Act (Umweltförderungsgesetz)
Summary
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Environmental Support Act
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Law
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About this law
Year
1993
Most recent update
30/12/2023
Geography
Response areas
Mitigation
Sectors
Energy
Topics
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Topics mentioned most in this law Beta
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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance
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The summary of this document was written by researchers at the Grantham Research Institute . If you want to use this summary, please check terms of use for citation and licensing of third party data.