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INCENTIVES FOR THE ENVIRONMENT

INCENTIVES FOR THE ENVIRONMENT. FISCAL FUNDS ETAP AMSTERDAM: theo.vanbellegem@minvrom.nl. GREEN FUNDS INVESTMENT FUNDS. What opportunities/problems do we want to address ? How translated into instrument goals ? How does it work ? Success /limitations? Why is it a success?

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INCENTIVES FOR THE ENVIRONMENT

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  1. INCENTIVES FOR THE ENVIRONMENT FISCAL FUNDS ETAP AMSTERDAM: theo.vanbellegem@minvrom.nl

  2. GREEN FUNDS INVESTMENT FUNDS • What opportunities/problems do we want to address ? • How translated into instrument goals ? • How does it work ? • Success/limitations? • Why is it a success? • Transferable? ETAP AMSTERDAM

  3. WHAT ARE OUR PROBLEMS/ISSUES ?? • Economic development-environmental pressures • Lack of innovations • Innovation paradox • Push versus Pull • Market introduction and dissemination innovations • IPPC is not initiating enough ETAP AMSTERDAM

  4. WHAT ARE DEVELOPER’S PROBLEMS/BARIERS ?? • Lack of market demand • Slow dissemination • Low profitability/ lowering innovation rate ETAP AMSTERDAM

  5. WHAT ARE USER’S (INVESTOR’S) PROBLEMS/BARIERS?? • Lack of LOAN capital • availability • price • 2. Lack of OWN capital ETAP AMSTERDAM

  6. STAKEHOLDERS • - CONSUMERS/Capital providers • GOVERNMENT • FINANCIAL SECTOR • - COMPANIES ETAP AMSTERDAM

  7. STAKEHOLDER GOALS: Government • - INNOVATION • amount of money (private) • reduced interest rat • venture capital • availability • INVOLVEMENT FINANCIAL SECTOR • AWARENESS RISING • - CHEAP ETAP AMSTERDAM

  8. STAKEHOLDER GOALS: Financial sector • - SUSTAINABILITY AS A CHALLENGE • GREEN IMAGE • PROFIT • - COMPETITION ETAP AMSTERDAM

  9. STAKEHOLDER GOALS: Project owner • - Lower interest • Availability capital • Ratio LOAN-OWN capital • - Image ETAP AMSTERDAM

  10. STAKEHOLDER GOALS: Consumers/capital providers • - Normal return • Low risk • No black/green projects • Image ETAP AMSTERDAM

  11. HOW DOES IT WORK ???? • - CONSUMER: invests in green fund • gets tax deduction • -GREEN FUNDS GOVERNMENT • invests projects tax deduction • economic assessmentGreen assessment • -GREEN PROJECT • realises project • pays redemption and interest ETAP AMSTERDAM

  12. 1.Huge capital available: Euro: 4 000 000 000 Consumers: 170 000 2. Objectives are realised 3. Enforcement excellent 4. Low administrative burden Only “soft loan” system Projects with moderate risk 3. Market Introduction SUCCES ?? LIMITATIONS ?? ETAP AMSTERDAM

  13. WHY IS IT A SUCCESS ??? • COOPERATION: Public-private • STAKEHOLDERS FOCUS ON CORE BUSINESS • MULTIPLIER • Small amount of public funds triggers private money • Leverage • Market based: COMPETION among Green funds ETAP AMSTERDAM

  14. IS IT TRANSFERABLE ??? • EU: • Only parts of it • Collective member states: Yes Member states: Yes • 1. income tax • 2. dividend tax • 3. environment (e.g.) tax • 4. property/wealthy tax ETAP AMSTERDAM

  15. MORE INFORMATION ??? • FEEL • FREE • TO CALL • ME • Theo van Bellegem • Ministry of the Environment • Pbox. 30945 • 2500 GX The Hague, The Netherlands • Theo.vanbellegem@minvrom.nl ETAP AMSTERDAM

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