According to Rene Kokk, Chairman of the EIC Supervisory Board and Minister of the Environment, every year Estonia contributes millions of euros of greenhouse gas trading revenues to international climate cooperation. “In this way, we give Estonian entrepreneurs the opportunity to take their innovative and smart green technology solutions and knowledge to developing countries. We are thus also increasing Estonia’s competitiveness on the world market,” Kokk said.
The EIC is accepting projects that help to reduce greenhouse gas emissions in the field of energy, transport, water and construction, waste management, and agriculture and forestry. Moreover, sustainable water management solutions as well as forestry and agriculture measures are also welcome. Applications can also be submitted in the field of information and communications technology. The fields of the supported activities are not limited but it is important that the connection between the expected results of the project and climate change must be definable in connection with OECD methodology (so-called Rio markers). Project duration is up to 3 years.
Non-profit associations, foundations, enterprises, universities, governmental institutions, and local governments or authorities managed by them can participate in the round of applications. In addition to the desire to share their knowledge related to solving climate issues, the applicant must have a partner in a country that has been listed by the Organisation for Economic Cooperation and Development (OECD) as an ODA recipient. The minimum support per project is EUR 30,000 and the maximum support is EUR 200,000. The maximum amount of support is 90% of eligible costs and the own contribution must be at least 10% of the eligible costs.
From last year’s application round, the EIC issued about EUR 582,000 to different projects both in the field of energetics and circular economy. For instance, projects, such as promoting the recycling of clothing production residues in Bangladesh, developing solar energy solutions for Myanmar, measuring the drinking water quality of Grenada Island, and preventing forest fires in Georgia, were supported. As of today, the project has successfully started.
Support is given for implementing the ‘State Budget Strategy 2019-2022’ measure ‘Estonia’s contribution to international climate cooperation’ and the order ‘Terms and conditions for providing support for achieving climate policy goals in developing countries’ issued by the Minister of the Environment. The measure was developed by the Ministry of the Environment.
The International Paris Climate Agreement calls for developed countries to help developing countries alleviate climate change and adapt to the effects of climate change. Pursuant to the agreement, Estonia has promised to contribute EUR one million each year until 2020 to international climate cooperation and meeting climate policy goals in developing countries. Funding will come from the revenue received from the auction of greenhouse gas emission units on the trading system for reducing the European Union’s emissions.