The Governing Council of the CO ₂ Fund preselects 98 proposals for Climate Projects, of the 123 submitted

The Governing Council of the Carbon Fund for a Sustainable Economy (FES-CO2) has selected 98 new proposals for climate projects in the 2019 call to which 123 proposals have been submitted.

Now the shortlisted, in a meeting held this Thursday, will have to present their final project. The Climate Project candidates include all diffuse sectors, such as transport, residential, commercial and institutional, waste, agriculture, fluorinated and industries not subject to the emissions trading system.

The promoters of the selected initiatives will now be able to present a final project document in which the design and main characteristics of their proposals are specified, to make the final selection.

The selected proposals cover all the diffuse sectors: transport, residential, commercial and institutional, waste, agriculture, fluorinated and industries not subject to the emissions trading system.

Projects must conform to a model project document and submit estimated emission reduction calculations, carried out in accordance with a series of methodologies approved by the Governing Council of the Fund that are published on the website of the Ministry for the Ecological Transition.

The meeting also approved a new methodology to support public shared mobility system projects based on bicycle lending.

The selected projects include programmatic proposals that involve the grouping of several activities (or individual projects) that fit under the definition of a generic action.

In this way, similar activities, with low volumes of reduction and that are physically distributed, can be grouped and gradually adhered to the program. With this approach, the idea is to increase the scale and replicability of emission reduction initiatives.

Source: The Vanguard