Armenia to Establish Civil Investment Green Fund

Armenia to Establish Civil Investment Green Fund

EcoLur

The civil society will be involved in climate change mitigation and adaptation processes only provided that it will have social and economic benefit from such involvement: Aram Gabrielyan, National Focal Point of the United Nations Framework Convention on Climate Change, expressed such an opinion at the round table “Climate Change – Civil Society as Main Partner and Beneficiary” held at “EcoLur” Press Club on 24 March.

“As a matter of fact, the civil society must be not involved, but be the customer, because it doesn’t matter how many beneficiaries will be seek in this or that body, eventually the society bears the climate change impact. The civil society shall have real and materialized leverages to meet its demand. The most important leverage is financial resources: we shall establish an innovative financial mechanism where the civil society will be the owner and manager of the financial resources,” Aram Gabrielyan said.

He informed that on 25 April 2013 the Armenian Government adopted a protocol resolution, which approved the concept paper on establishing such innovative financial mechanisms. With its another resolution dated on 14 November 2013 the Armenian Government issued an assignment arising from this concept paper “to make a relevant proposal to the Armenian Government to establish a civil investment circular fund from the environmental fees by the example of green investment scheme.”

The Armenian INDC says that one of the main directions is financial mechanism: this fund shall be replenished on permanent base by allocations from environmental fees, ecosystem service fees, including "carbon taxing",” Aram Gabrielyan noted and concluded, “As this document says, “The emerging financial mechanism will:

a) Create realistic and operational grounds for establishment and development of the reliable public- private partnership (PPP), b) Ensure the right of future generations to ‘use climate resources.”

 

The material is prepared by 'EcoLur' Informational NGO under “Armenia’s First Biennial Update Report to the UNFCCC” UNDP-GEF/00079327” project.

The views expressed in this publication are those of the author(s) and do not necessarily represent those of the United Nations, including UNDP, or the UN Member States.

14:44 April 14, 2016


EcoAlarm

Hot Spots


Regions


Subscription

Subscribe to receive our latest news