Annual payment to the Montreal Protocol Ozone Fund
Development cooperation , 10.05.2019

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. According to the decision made at the Conference of Parties of the Montreal protocol held in November 2017, the total funding envelope for 2018-2020 will be 540 MUSD. The annual payment for Finland will be 1 064 722 euros in 2019.

Funding decision  10.05.2019

1 064 772 €

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-90

Code for the object of funding

89824101

ID

UHA2019-002878

Modified

17.05.2019