Press Release: Poland’s first Green Investment Scheme agreed with Spain

Poland and Spain agree on a €25 million emissions trading contract, the first transaction of this kind for Poland under the Kyoto Protocol. Ministers from Poland and Spain, along with representatives of the EBRD and EIB were present for the signature of the agreement facilitated by the EBRD-EIB’s Multilateral Carbon Credit Fund. The transaction will allow significant greenhouse gas emissions reductions through the associated greening programme, known as the Green Investment Scheme (GIS).