Annual payment to the Montreal Protocol Ozone Fund

Description What is done in the programme or project and why, what results are pursued, who benefits from the activities and who are involved in the implementation.

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 support developing countries in phasing out the use of ozone-depleting substances. The Multilateral Ozone Fund is financed by industrialized countries according to the UN's contribution chart and the payment obligation for the countries is binding. Due to the COVID-19 pandemic, the agenda of the 2020 Meeting of the Parties to the Montreal protocol was limited and therefore no decision on a three-year funding envelope for 2021-2023 was made. The Fourth Extraordinary Meeting of the Parties in May 2021 decided on a funding amount for 2021. The amount is based on the annual amount of the previous three-year envelope. The annual payment for Finland in 2021 is 1 064 722 euros.