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Czech Republic: Green Investment Scheme (GIS) (ICF)
(Italian Carbon Fund)

This "Program of Savings of Energy and Renewable Energy Sources on the Revenues from Sale of Emission Credits - Green Investment Scheme (GIS)" has been set up by the Czech Republic on April 1, 2009. The overall objective of the GIS program is to support selected measures implemented in residential buildings by resident persons and entities owning residential buildings that will lead both to immediate reductions in carbon dioxide emissions and to the initiation of a long-term trend of sustainable housing. The funds available within the Green Investment Scheme will be disbursed during the entire term of the program until December 31, 2013 without any substantial changes in the conditions. The funds will be provided to everyone who applies and successfully meets requirements set during the application process.

The program will be regularly monitored and minor changes in conditions may occur based on the program evaluation. The above-mentioned condition is important to create confidence in the program among the potential applicants. A level of financial support is specified so that the program can target as many projects as possible and, at the same time provide a sufficient incentive for building owners to act.

Eligible applicants include the owners of family houses and apartment buildings, i.e. natural persons, associations of owners, housing cooperatives, municipalities and business entities.

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