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Climate change financial instrument (CCFI)

Source: IEA/IRENA Renewables Policies Database
Last updated: 24 August 2021
The Climate change financial instrument (CCFI) aims to: prevent global climate change, adapt to the effects of climate change and contribute to the reduction of greenhouse gas emissions through activities such as improving the energy performance in buildings and increasing the use of renewable energy resources.The instrument is financed by the proceeds from the Assigned Amount Units Purchase Agreements which are made within the international emissions trading under the Kyoto Protocol. Several tenders for renewable energy procument have ben financed by the CCFI.

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