Introduction to Environmental Investment Centre. Lauri Tammiste Member of the Management Board

Size: px

Start display at page:

Download "Introduction to Environmental Investment Centre. Lauri Tammiste Member of the Management Board"

Donald Dennis
5 years ago
Views:

1 Introduction to Environmental Investment Centre Lauri Tammiste Member of the Management Board

2 14 years of EIC More than projects More than 1 bln EUR into environmental friendly activities Invested revenues from environmental taxes, structrual funds, AAUs, loan instruments in co-operation with EIB

3 Environmental Investment Centre A government-owned foundation, i.e. non-profit organisation established by the Ministry of Finance in 2000 for projects funding (State Budget) Main office (79 persons) in Tallinn + 15 county representatives Intermediate Body for CF/ISPA (since 2001) and for ERDF (since 2004) and for ESF (since 2007, environmental soft projects only) Since 2009 EIC is on-lending body (130 MEUR EIB loan for water & wastewater projects co-financing) Since 2010 EIC is Implementing Agency also for projects funded from CO2 quota sales money

4 Organisation Scheme Environmental Investment Centre (as of ) Supervisory Board (9) Management Board (3) Auditing Committee Development Unit (4) Administration Unit (8) Lawyers(5) Internal Auditors (2) Project Audit Unit (3) EIC funded projects IT Development Managers (2) Credit Committee Supervisory Unit (6) CF/ERF/ESF projects Structural Funds Unit (28) CF/ERF/ESF Environmental Programs Unit (Office-9) Financial Unit (9) (ERF/ESF/CF / state budget, loans) EP Unit Regional Representatives (15)

5 National Environmental Program (EP) Environmental Charges Act (2006) provides for: - how the charges and fees are established, paid to the State budget and what for they are used (for environmental projects, only). EIC has the mandate to collect and process the applications - applicants are local municipalities, state institutions, universities, schools, NGOs, companies. Funding decisions made by Supervisory Board The process is fully digitalised in the database KIKAS starting from application forms to payments documents.

6 Earth crust Environmetal awareness Water Management Protection of ambient air Environmental management Waste management Nature protection Forestry Fishery County programme Maritim-enviroment Co-financing (LIFE/Interreg) Percentage Structure of EP Division between sub-programmes during years

7 Project examples (1) Drinking water Ltd Kuremaa Enveko Reconstruction of public water and sewer systems in Laiuse settlement ,00 EUR. Past pollution Lohusuu Municipality "The former Lohusuu asphalt factory liquidation phase II ,60 EUR. Co-financing NGO Wildlife Estonia Restoring the integrity of freshwater habitats in Alam-Pedja Natura 2000 areabringing the River Laeva back to life (Happyriver)) ,00 EUR

8 Project examples (2) Non-technical works Ministry of Environment The European Union's list of priority substances potential new substances study in Estonian surface water ,60 EUR. Wastewater Maidla Municipality Reconstruction and extension of public water and sewer systems in village Maidla EUR. Restoration of water bodies Kaarma Municipality Improvement of Kaarmise lake ecological condition EUR.

9 EU Structural Funds Environment Fund CF CF Priorities EU contr, EUR Water management infrastructure Waste management infrastructure CF Sustainable transport ERDF Maintenance of biological diversity Environmental supervision infrastructure 1% Environmental education infrastructure 3% Maintenance of biological diversity Sustainable 3% transport 3% Environmental monitoring infrastructure 0% Renewable energy infrastructure 1% Improvement of preparedness for environmental emergencies 5% Environmental education 0% ERDF ERDF Environmental education infrastructure Environmental supervision infrastructure Waste management infrastructure 20% Water management infrastructure 64% ERDF Environmental monitoring infrastructure ERDF Improvement of preparedness for environmental emergencies ERDF Renewable energy infrastructure ESF Environmental education Total:

Development of water management infrastructure (1) The amount planned for water management infrastructure projects from the 2007 2013 Cohesion Fund is 466 million euros.

10 Development of water management infrastructure (1) The amount planned for water management infrastructure projects from the Cohesion Fund is 466 million euros. Financed are 86 projects, in the sum of 466 million euros. Beneficiaries: Ministry of the Environment, local authorities, non-profit associations and foundations, companies Operations supported: In the area of wastewater treatment, activities to bring the existing sewerage systems into conformity with applicable requirements and to develop sewerage systems covering wastewater collection areas are to be supported. In connection with ensuring drinking water supply that meets the relevant requirements, activities to reconstruct and construct new drinking water systems with drinking water purification equipment and to maintain the good condition of ground water.

11 Development of water management infrastructure (2) Project: The reconstruction of Tartu`s sewage plant sedimentary treatment complex Methane tank

12 Development of infrastructure for ensuring preparedness for environmental emergencies (1) The amount planned for environmental emergencies projects from the European Regional Development Fund is 38,3 million euros. Financed are 7 projects, in the sum of 38,3 million euros. All projects completed in general. Beneficiaries: Rescue Board, Police and Boarder Guard Operations supported: Enhancement of capacity for monitoring and clean-up of marine pollution 1. Enhancement of spill response capacity through improving the infrastructure (incl. containment vessels) 2. Procurement of coastal spill response equipment 3. Procurement of a field hospital for birds along with the necessary installations 4. Procurement of vehicles necessary for the functioning of logistics Enhancement of preparedness for major accidents on land: 1. Procurement of equipment for repair of damages caused by natural disasters 2. Procurement of equipment for extinguishing forest, landscape and ground fires 3. Procurement of special gear and equipment for increasing the capacity for rescue work in poorly accessible areas (small islands, forests, bogs and other wetlands) 4. Procurement of equipment for response to industrial, transport and oil product accidents (incl. hazardous substances related accidents) 5. Procurement of means for localising and cleaning up oil product pollution on land and inland water bodies

13 Development of infrastructure for ensuring preparedness for environmental emergencies (2) Biggest investment was new multifunctional oil spill recovery ship (32 million euros). Direct suppliers from Netherland: Hydtrans Systems BV (mobile pumping devices with logistic containers)

14 EU and CO2 funding for renewable energy projects in EU and GIS energy projects in progress: 61 energy efficiency projects 4 biogas CHP plants 5 biomass CHP plants 8 boilerhouses 44 district heating systems 7 street lightning systems Windenergy projects 2 windfarm projects Total funding ca 72 MEUR

15 reconstruction of district heating network in Jüri, Grant form ERDF 2009

16 Reconstructed biomass boiler plant in Kolga, grant from ERDF 2005

17 Windfarm in Esivere, grant from ERDF 2004

18 Reconstruction of DH network in Kohila, grant from GIS 2010

19 Environmental awareness one of the key areas

21 EIC as a lending office EIC has managed loans since year 2000 The current legal framework is as follows: EIC statute (MoF decree 8) Credit policy (EIC council decision 706) Credit committee ordinance (EIC council decision 637) Loan management procedure (EIC board decision 1-7/13)

22 EIB credit line Covering co-financing of water management projects financed by CF Resource: MoF/EIB Portfolio limit 130 MEUR Loan terms for EIC loan Maturity up to 20 years Grace period for principal payments up to 5 years Borrowers Local Governments and/or municipal water companies Minimum interest rate: For Local Governments: 6m Euribor + 1% For water companies: 6m Euribor + 1,25%

Portfolio increase in 2012 46,833,698 51,095,674 59,796,083 68,882,716 79,159,967 80,000,000 70,000,000

23 Portfolio increase in ,833,698 51,095,674 59,796,083 68,882,716 79,159,967 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 31/12/ /03/ /06/ /09/ /12/2012

24 FOCUS ON QUALITY AND SPEED

of discovered errors with financial impact 30

rate 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 0.81% 0.

25 To keep financial errors under 1% Nr of audited projects Innove, 8 MNT, 6 KIK, 15 Nr of discovered errors with financial impact EAS, 23 Error rate 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% 0.81% 0.76% 0.71% 0,05% 0.01% KIK EAS Innove Archimedes MNT

We strive to make 85% of payments in less than 30 days 2013.

a on average 89% of payments were made in less than 30 days.

26 We strive to make 85% of payments in less than 30 days aastal in structural funds we had 2444 payment claims a on average 89% of payments were made in less than 30 days. Quarterly performance 92% 90% 88% 86% 84% 82% 2013 I kv 92% 2013 II kv 89% 2013 III kv 88% 2013 IV kv 86%

27 Picture is clearer in regards to structural funds and ETS revenues Maximum programme Including: energy and resource efficiency (including waste recycling) Energy efficient street lightning 43 million Integrated solutions for district heating 78 million Biomethane for transport million Water management 144 million Emergencies and pollution response capability million Landscape maintenance 41 million Rehabilitation of water bodies million Biodiversity 48 million Flood risk management 7 million Climate policy pilot projects 9.14 million

28 Thank you for your attention!

The Blueprint and Council Conclusions:

The Blueprint and Council Conclusions: Essential to address the challenges that threaten the water ecosystems and their services on which society depends Proposed solutions include assessment of the costs