1887

Baltic Sea Region Testing Ground Facility

Status after 10 year

image of Baltic Sea Region Testing Ground Facility

This report gives an overview of the technical and political work of the Nordic Council of Ministers since 1993 to create a Joint Implementation set-up that mitigates greenhouse gas emissions at least costs with mutual benefits for both the Nordic countries and the countries in the Baltic Sea Region.

English

.

Preface

This report gives an overview of the technical and political work of the Nordic Council of Ministers since 1993 to create a Joint Implementation set-up that mitigates greenhouse gas emissions at least costs with mutual benefits for both the Nordic countries and the countries in the Baltic Sea Region. With the establishment of BASREC in 2000, negotiations started to prepare for the Testing Ground Agreement. In parallel, negotiations were initiated between the Nordic countries and Germany to establish a Nordic Carbon Fund, the ‘Testing Ground Facility’. The fund became operational in 2004 with an initial capitalisation of €15 million. In 2006, the fund was extended to include private sector investors with a total capitalisation of €35 million. The fund is set to terminate by the end of 2012 but can be continued if investors are interested. The report discusses the various post-2012 options of the Testing Ground Facility and includes views of stakeholders involved in the setting up of the Carbon Fund and the JI mechanism.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error