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Wednesday, October 22, 2008

Green Funds Scheme

Objectives of the Green Funds Scheme
The Green Funds Scheme has been set up to encourage projects that have a positive effect on the environment. The government supports these projects in several ways, for example by making the funding of such 'green projects' attractive. Since the government offers a tax advantage to ‘green’ savers and investors, banks can offer loans at lower interest rates, for projects such as sustainably built houses, wind farms, or organic agricultural businesses.The Green Funds Scheme is a collective scheme from the:Ministry of VROM (Housing, Spatial Planning and the Environment) Ministry of Finance Ministry of LNV (Agriculture, Nature and Food Quality) The Ministry of VROM coordinates the implementation of the Green Funds Scheme. SenterNovem and the Dienst Regelingen (implementation department) at the Ministry of LNV are responsible for evaluating the projects, and if approved, these organisations also issue Green Certificates on behalf of the Minister. The procedure usually takes around five weeks.No rights may be derived from this text. The official text of the Green Projects Scheme is published in the Staatscourant

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