Other foreign funds

EU territorial cooperation

European Territorial Cooperation programmes support cross-border cooperation projects that promote economic and social integration and balanced and sustainable development in the EU. In Estonia, cooperation programmes are coordinated by the Ministry of Finance. The Ministry of Economic Affairs and Communications participates as an expert evaluator in programme preparation, monitoring committees and project selection committees.

Green investment schemes

A green investment scheme means that the revenue from trading emission units allowed in a country under Article 17 of the Kyoto Protocol is channeled into environmentally friendly projects or programmes. In Estonia, the Ministry of Environment coordinates and is responsible for the implementation of CO2 quota sales contracts. The Minister of Economy and Communications is responsible for the implementation of the contracts.

Financial mechanisms of Norway and the EEA

Estonia also receives help from the financial mechanisms of Norway and the European Economic Area (EEA), the purpose of which is to contribute to the reduction of social and economic differences in the enlarged EEA and to strengthen cooperation between Estonia and Norway. From Norwegian funds, the Ministry implements the Estonian Business and Innovation Agency's Green ICT programme (development of environmentally friendly innovation using information and communication technology, 6.2 million euros).