Annual payment to the Montreal Protocol Ozone Fund
Development cooperation , 23.05.2017

Annual payment to the Montreal Protocol Ozone Fund

Description

The Montreal Protocol on Substances That Deplete the Ozone Layer was opened for signature in 1987. It contains legally binding agreements that aim to reduce the production, consumption and trade of ozone-depleting substances. The Multilateral Fund for the Implementation of the Montreal Protocol was established in 1990 and it provides funds to help developing countries to phase out the use of ozone-depleting substances. The Multilateral Ozone Fund is financed by the industrialized countries according to the UN's contribution chart and the payment obligation for the countries is binding. In addition to the obligatory annual payment of 765 333 euros Finland has also committed to providing additional support of 200 000 euros for supporting quick implementation of reducing hydrofluorocarbons (HFC) as agreed in the Kigali amendment in 2016. Reducing hydrofluorocarbons is highly significant for implementing the Paris climate agreement and for combatting climate change.

Funding decision  23.05.2017

965 333 €

Target region

Developing countries

Objectives monitored by OECD's Development Assistance Committee

  • Aid to environment

Field of activity

  • Biosphere protection 100%

Type of aid

Core contributions to multilateral institutions

Funding channel

Otsonirahasto, Montreal protocol

Contact

keo-60

Code for the object of funding

89824101

ID

UHA2017-002475

Modified

07.06.2017