Published by
Partnership on Transparency in the Paris Agreement / United Nations Development Programme (UNDP)

Good Practice: Spain’s Climate Projects

Ministry of Agriculture, Food and Environment of Spain launched the Carbon Fund for a Sustainable Economy (FES-CO2) as a tool to boost

the implementation of domestic greenhouse gas (GHG) emissions reduction projects and achieve a low carbon economy. Climate Projects

supports Spanish companies, public administration, or individuals by funding national projects that reduce GHG emissions within non-ETS

sectors (agriculture, waste, buildings, transport and fluorinated gases). FES-CO2 buys the verified emissions reductions achieved by the

project for the first four years of the project’s operation. The emission reductions have to be measurable and verifiable in a manner that

allows them to be reflected in the national GHG inventory.