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Content archived on 2024-05-23

Implementing the kyoto mechanisms - contributions by financial institutions (IMKYM-COFIN)

Objective

General objective of this project is to develop innovative products of private-sector financial institutions that contribute to implementation of the Kyoto Mechanisms and domestic greenhouse gas reduction projects. Main components of the project include the following: firstly, it aims at exploring the scope for private-sector insurance against risks related to the use of the Kyoto Mechanisms. Secondly, it intends to integrate financial implications of the Kyoto Mechanisms into conventional project finance valuation. This integration will promote the identification and realisation of viable Joint Implementation, Clean Development Mechanism and domestic projects. Thirdly, the project strives for exploring the appropriate design of a private-sector investment fund for Joint Implementation, Clean Development Mechanism and domestic projects. Main advantage of such investment vehicles is diversification of investment risks, thus encouraging investments. The results of the project will be applied to concrete cases, predominantly in Mediterranean countries. Main findings will be disseminated through reports ad international workshops.

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

Data not available

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

CSC - Cost-sharing contracts

Coordinator

GERLING SUSTAINABLE DEVELOPMENT PROJECT GMBH
EU contribution
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Address
Kaiser-Wilhelm-Ring 7-9
50672 KOELN
Germany

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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Participants (3)

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