This is intended as the government's quick-start domestic response to climate change adaptation activities, which are planned through the BCCSAP. As such this Act is closely linked to the BCCSAP. It stipulates allocating an initial budget of USD100m per year for three years between 2009 and 2011. It stipulates that 66% of its budget will be spent on the implementation of projects/programmes prioritised in the BCCSAP. The remaining 34% will be main-tained as a deposit for emergencies. Interest accrued on the deposit will be spent on project imple-mentation. Funds from the BCCTF can be used to finance public sector and non-government projects. It is not mandatory to spend the total grant within a given financial year.
As of 2014, the Trust Fund is still operational, with US26m (approximately) allocated in the 2014/15 fiscal year.
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The Climate Change Trust Act
Summary
Documents
Document
Topics 
Beta
About this law
Year
2010
Most recent update
11/10/2010
Geography
Response areas
Adaptation
Topics
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 Topics mentioned most in this law  Beta
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Group
Topics
Impacted group
Economic sector
Public finance actor
Note
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.