Regulatory Letter for the Budget Year 2021

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Laws and Policies

CCLW

CCLW national policies

Regulation (2017: 1319) on State Aid for Measures to Reduce Industrial Greenhouse Gas Emissions

Amended

Approved

This document charges the government to provide state support in the form of grants for measures that 1) contribute to reducing such greenhouse gas emissions from industry that have a direct or indirect connection with industry processes, 2)contribute to negative emissions through the capture, transport and geological storage of greenhouse gases of biogenic origin or taken out of the atmosphere, or 3) through the application of new technology or other innovative solutions in industry significantly contribute to achieving the environmental quality goal Limited climate impact and its milestones. The total amounts of the grants are specified in the 2021 regulation letter.

Ordinance (2017: 1319) on state support for measures that contribute to industry's climate change

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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

A long-lived, colourless gas, chiefly emitted from fossil fuel combustion, deforestation and cement production.

Activities that involve the cultivation of crops and raising of livestock for food, fibre, and other products essential for human life and industry.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

The release of heat-trapping gases, primarily from human activities such as burning fossil fuels, agriculture and industry.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

The activities of industries that transforms raw materials into finished goods through industrial processes.

Regulatory Letter for the Budget Year 2021

Greenhouse gas

Economic sector

Finance