Environmental Fund revenues more than doubled – Observer



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The Environmental Fund has a turnover of 157 million euros, more than double that expected, an increase for decarbonisation and the acquisition of trains and trains. signaling systems in the Metropolitano de Lisboa. 19659002] "An income we expected in the order of 60 million euros is finally 157 million euros," he told Lusa João Matos Fernandes agency. , an unexpected increase in funds from the Environment Fund, mainly intended for decarbonization projects,

"C is through this increase in revenue, for example, that [responderemos] when the two competitions for the Lisbon metro are launched in the days, whether for the acquisition of new trains or for the acquisition of a new signaling and security system because what exists is from the 60s, "says the official

In April, because of the new values, the minister was sure of being able to pay for these investments in the Metropolitano of Lisboa from the current revenues of the Environmental Fund, without having to make balances transfers from previous years or at go to other lines of the State Budget. Forecasts for the year total are also positive and "may exceed 270 million euros."

Regarding the implementation of the projects of the Environmental Fund, is described by João Matos Fernandes as "unusual". "Never have the funds that made up the Environmental Fund had such a high percentage of investment." At the end of July 2017, the value of execution was 38 million euros, reaching 77 million euros, over a similar period of 2018.

"Through the Environmental Fund "We are funding a lot more environmental policies, our best expectations," he said, and in terms of performance figures, the electricity sector's tariff deficit comes first, he says, followed by water resources, an area that has "almost unprecedented value and currently, there is 21.5 million euros"

This performance of the Environmental Fund is due to the fact that both third of its revenues come from European Auctions of Carbon Dioxide (CELE) .The number of licenses has not increased but its value has increased.At the beginning of October 2017, the price was 5 euros per ton of carbon and is currently 15 euros, a result of "a gradual but steady growth during the semester ".

In the field of water resources, the payments to be made refer to interventions to overcome the problems of the coast resulting from three major storms and "particularly in the recovery of the river system which in 64 municipalities has been heavily damaged by fires ", explains João Matos Fernandes

The largest intervention to recover the consequences of the great forest fires of 2017 takes place in Oleiros and reaches 1.5 million euros. It is also the Environmental Fund that pays "an expressive share" of pilot projects in protected areas. 18 new opinions have been issued, with an investment commitment of 22.5 million euros for this year and over 1200 applications received

In adapting cities to climate change, in the circular economy, for example, JUNTar, initiative

At the beginning of April, the government authorized the Metropolitano of Lisboa to acquire seven new compositions (14 triple units) and to modernize the signaling and security systems, for a investment of 210 million.

The new signaling and security system will be applied on blue, yellow and green lines and represents an investment of 100 million euros.

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