Options for Designing a Green Investment Scheme for Bulgaria : Volume 2. Annexes
This report examines the various issues surround the Greening of Assigned Amount Units (AAUs) with a view to provide recommendations to the Government of Bulgaria and interested parties on considerations and approaches for a potential transaction...
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| Format: | Other Environmental Study |
| Language: | English en_US |
| Published: |
Washington DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/10/6596883/bulgaria-options-designing-green-investment-scheme-vol-2-2-annexes http://hdl.handle.net/10986/14545 |
| Summary: | This report examines the various issues
surround the Greening of Assigned Amount Units (AAUs) with
a view to provide recommendations to the Government of
Bulgaria and interested parties on considerations and
approaches for a potential transaction involving a sale of
AAUs and implementing a green investment scheme in Bulgaria.
The study examines three options for a Green Investment
Scheme (GIS) fund structure and reviews the implications for
GIS implementation, inter-ministerial coordination, capital
mobilization, risk mitigation and management and fiduciary
obligations. The two suitable options for a GIS include the
GIS designed as a governmental organization under Bulgarian
public law, or where the GIS is designed as a special
purpose corporation (a profit making entity under Bulgarian
private law). In both options the GIS fund would need
managerial capacity to administer one or several funds, in
order to identify eligible projects and to supervise their
implementation. The report also notes possible constraints
for Bulgaria in setting up GIS along the recommended
structure. These constraints could result from fiscal or
macro considerations and an alternative approach is also suggested. |
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