Law 1/2024 of February 1, on the budget for the year 2024

Laws and Policies

CCLW

CCLW national policies

Law 1/2024 passed

It is Andorra's Annual Budge Law for the year of 2024. It is particularly important for the climate field due to its Article 11. This article outlines the creation and funding of the Green Fund for 2024, which is intended to support the energy transition and the fight against climate change.
The Green Fund Budget will include:
* The allocation of expenses and credits for projects related to the energy transition and climate change.
* The planned actions and plans in line with Law 21/2018, which promotes the energy transition and addresses climate change.
* Expected income and financial rights to fund the Green Fund.
Moreover, the Green Fund will be financed through a CO2 tax and a tax on vehicle ownership, with amounts directed toward the Green Fund after deductions. Also, by the General Administration Budget and other established revenues under current laws.