The Secretary of State for the Environment, Federico Ramos, together with the director of the Spanish Office for Climate Change, Susana Magro, has announced the result of the first call for “Climate Projects”, which aims to promote reductions in greenhouse gas emissions in sectors such as agriculture, transport or waste.

A total of 40 projects have been selected, with expected reductions of one million tonnes of CO2 over a four-year period. These reductions will be acquired by the Carbon Fund, which is intended to contribute to financial viability.

This is a first call developed as a pilot project “because we believed in the project and we have seen that it has interested our companies and that it is the way to promote a low-carbon economy,” said Federico Ramos.

The Carbon Fund was responsible for developing 10 emission reduction methodologies that served different sectors, taking as references the guidelines of the clean development mechanism, within the framework of the Kyoto Protocol, and for the preparation of the National Greenhouse Gas Inventory. After the selection of the 40 projects, the implementation phase will move on to the implementation and assessment of the expected reductions in greenhouse gas emissions, completing the process of what is already an effective tool to advance towards the objectives that Spain has planned for the period 2013-2020 within the framework of the Energy and Climate Change Package.