Climate Change and Finance for Small and
Medium-sized Enterprises
Sofia, Bulgaria
9 October 2013
Diana Todorova
Climate Change Policy Directorate
Ministry of Environment and Water
T: +359 2 940 61 83 e-mail: dtodorova@moew.government .bg

• United Nations Framework Convention on
Climate Change
• Kyoto Protocol

Participation of Bulgaria in International
Policy on Climate Change (1)
• Statute
• Commitments:
- To prepare an annual greenhouse gas inventories;
- To prepare and submit National Communications to the
Convention – Fifth National Communication submitted and evaluated;
- To develop and implement National Action Plan on Climate
Change – Third National Plan is already developed and operational;
- To establish a National Registry of greenhouse gas emissions;
- To establish national system for the estimation of anthropogenic greenhouse gas emissions.

Participation of Bulgaria in International
Policy on Climate Change (2)
• Kyoto Protocol target
• Participation in the Flexible Mechanisms of the
Kyoto Protocol
Joint Implementation
- International Emissions Trading

• Implementation of Kyoto Protocol’s second commitment period;
• Development of “a protocol, another legal instrument or an agreed outcome with legal force” by 2015 at the latest;
• Enhancing pre-2020 mitigation ambition level;
• Climate finance.

Second Commitment Period of the Kyoto
Protocol
• Commitment period: 1 January 2013 г. - 31
December 2020
• EU, Norway, Switzerland, Australia, Monaco,
Liechtenstein, Iceland, Belarus, Kazakhstan,
Ukraine
• Bulgaria is entering in the second commitment period of the Kyoto Protocol as a member of the
EU.

• New global agreement on climate change:
- legal form
- content
- scope
- structure
- commitment period
• Enhancing pre-2020 mitigation ambition

• Environmental Protection
- Assigned amount units (AAU) as subject of sale;
- Objectives;
- Procedures for sale;
- Off-budget account;
- Responsible institutions:
-Ministry of Environment and Water;
-Ministry of Finance;
-Ministry of Economy and Energy;
-National Trust Ecofund (NTEF)
- Participation of the buyers in the NGIS.
• Regulation governing the management, structure and activities of the National Trust Eco Fund

•
• Revenues – only for green projects under NGIS
• Eligible projects
• Grant funding with different conditions depending on the project types

• “Debt for Environment” SWAP Agreement between Bulgarian and Switzerland, 1995 г.;
• Independent institution
• 100 environmental projects funded
• 25 millions BGN spent

• Agreements for the sale of AAUs
1) October 2011
2) April 2012
• Projects funded
1) 37 public projects
2) 5 private projects