Kyoto Rotation Fund
The Kyoto Rotation Fund will be finally active since the 15th of March, Ministry of Environment Corrado Clini commented during a conference in Rome. The Kyoto Rotation Fund has been awaited longly by operators. SMEs, PAs or individuals will now benefit from a 0,5% interest rate financial tool to realize their energy efficiency projects (including building sector), distributed generation (tri-generation in particular), or small renewable energy production plants. The initial size of the fund will be € 600 mil, while extra € 400 mil could be added after the auction of the 2013-2020 emissions trading allowances will be finalized (and debts with ETS new entrants since 2009 will have been paid off). Source: www.minambiente.it