INCENTIVES FOR THE ENVIRONMENT FISCAL FUNDS ETAP AMSTERDAM

INCENTIVES FOR THE ENVIRONMENT FISCAL FUNDS ETAP AMSTERDAM: theo. vanbellegem@minvrom. nl

GREEN FUNDS INVESTMENT FUNDS ü What opportunities/problems do we want to address ? ü How translated into instrument goals ? ü How does it work ? ü Success/limitations? ü Why is it a success? ü Transferable? ETAP AMSTERDAM 1/25/2022 2

WHAT ARE OUR PROBLEMS/ISSUES ? ? • Economic development-environmental pressures • Lack of innovations • Innovation paradox • Push versus Pull • Market introduction and dissemination innovations • IPPC is not initiating enough ETAP AMSTERDAM 1/25/2022 3

WHAT ARE DEVELOPER’S PROBLEMS/BARIERS ? ? • Lack of market demand • Slow dissemination • Low profitability/ lowering innovation rate ETAP AMSTERDAM 1/25/2022 4

WHAT ARE USER’S (INVESTOR’S) PROBLEMS/BARIERS? ? 1. Lack of LOAN capital 2. availability 3. price 4. 2. Lack of OWN capital ETAP AMSTERDAM 1/25/2022 5

STAKEHOLDERS - CONSUMERS/Capital providers -GOVERNMENT -FINANCIAL SECTOR - COMPANIES ETAP AMSTERDAM 1/25/2022 6

STAKEHOLDER GOALS: Government - INNOVATION amount of money (private) reduced interest rat venture capital availability -INVOLVEMENT FINANCIAL SECTOR -AWARENESS RISING - CHEAP ETAP AMSTERDAM 1/25/2022 7

STAKEHOLDER GOALS: Financial sector - SUSTAINABILITY AS A CHALLENGE - GREEN IMAGE - PROFIT - COMPETITION ETAP AMSTERDAM 1/25/2022 8

STAKEHOLDER GOALS: Project owner - Lower interest - Availability capital - Ratio LOAN-OWN capital - Image ETAP AMSTERDAM 1/25/2022 9

STAKEHOLDER GOALS: Consumers/capital providers - Normal return -Low risk -No black/green projects - Image ETAP AMSTERDAM 1/25/2022 10

HOW DOES IT WORK ? ? - CONSUMER: invests in green fund gets tax deduction -GREEN FUNDS GOVERNMENT invests projects tax economic assessment Green deduction assessment -GREEN PROJECT realises project ETAP AMSTERDAM pays redemption and interest 1/25/2022 11

SUCCES ? ? 1. Huge capital available: LIMITATIONS ? ? 1. Only “soft loan” Euro: 4 000 000 system Consumers: 170 000 2. Objectives are realised 2. Projects with 3. moderate risk 3. Enforcement excellent 4. 3. Market 4. Low administrative burden Introduction ETAP AMSTERDAM 1/25/2022 12

WHY IS IT A SUCCESS ? ? ? • COOPERATION: Public-private • STAKEHOLDERS FOCUS ON CORE BUSINESS • MULTIPLIER • • Small amount of public funds triggers private money • Leverage Market based: COMPETION among Green funds ETAP AMSTERDAM 1/25/2022 13

IS IT TRANSFERABLE ? ? ? • EU: • Only parts of it • Collective member states: Yes Member states: Yes • 1. income tax • 2. dividend tax • 3. environment (e. g. ) tax • 4. property/wealthy tax ETAP AMSTERDAM 1/25/2022 14

MORE INFORMATION ? ? ? FEEL FREE TO CALL ME Theo van Bellegem Ministry of the Environment Pbox. 30945 2500 GX The Hague, The Netherlands Theo. vanbellegem@minvrom. nl ETAP AMSTERDAM 1/25/2022 15