Medium Term Program 2026-2028

Laws and Policies

CCLW

CCLW national policies

The Medium Term Program 2024-2026

2024-2026 Program published

2026-2028 Program published

<p>The 2024-2026 program sets out the national macroeconomic framework for 2024-2026, serving as a roadmap for the private sector and the general investment environment. Its main objectives are to 1) maintain a stable growth environment, 2) reduce inflation through implementing a tight monetary stance and fiscal discipline and 3) build a healthy business environment and increase employment opportunities by promoting green and digital transformations on production and export processes. The green transformation process supports climate change mitigation and adaptation strategies as well as national just transition objectives.</p>
<p>The 2026-2028 program's main objective is to ain objective is to ensure price stability, preserve financial stability, andstrengthen the competitive position of the economy. This will be achieved by increasing productivity in a manner that contributes to balanced, sustainable, and inclusive growth, supports permanent welfare gains, promotes fair income distribution, and maintains economic resilience. The program states that the green transformation process will be accelerated through renewable energy investments, the enhancement of domestic technology development capacity, and the use of sustainable financing instruments, prioritizing low-carbon production, resource efficiency, and circular economy practices, particularly in the energy, transport, industry, and agriculture sectors. This includes enacting secondary legislation containing provisions on greenhouse gas emission reduction and climate change adaptation under the Climate Law; implementing the emissions trading system; and establishing the Green Taxonomy.</p>

Medium Term Program

Climate Change Laws of the World

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives