1. Lithuania: in position to GIS Asta Skrockaite Budapest April 24-25, 2008 Lithuanian Environmental Investment Fund

2. About LEIF Responsibility for JI GIS – the position Possibilities Assigned amount Challenges Facilitating Green Investment Schemes: first lessons learnt and the way forward. Budapest, 24-25 April, 2008.

3. LEIF Founded in 1996 by the Ministry of Environment; main task – to support public and private sectors in realization of environmental projects and projects to reduce the negative impact of economic activities on environment. On 2 December 2003 (order of the MoE) LEIF has been authorized to carry out the function of GHG Registry and JI projects administration. Climate Change Division was founded in 2005. Currently 3 persons working. Facilitating Green Investment Schemes: first lessons learnt and the way forward. Budapest, 24-25 April, 2008.

4. Main institutions for JI in Lithuania Ministry of Environment (organises and coordinates execution of Kyoto Protocol Joint implementation mechanism ); Ministry of Economy (coordinates JI projects in energy sector); Lithuanian Environmental Investment Fund (LEIF) (JI Project Idea Note‘s submission for its Supervisory Board for the initial evaluation, JI project registration, transactions of respective Kyoto units). Facilitating Green Investment Schemes: first lessons learnt and the way forward. Budapest, 24-25 April, 2008.

5. GIS – the position Facilitating Green Investment Schemes: first lessons learnt and the way forward. Budapest, 24-25 April, 2008. 6 months ago: Position: good possibilities for implementation GIS in Lithuania. Challenges: to calculate AA proportion for GIS; to identify institutional functions to administrate GIS funds; to formulate the financing scheme and appropriateness criterion for GIS projects. Now: Position: good possibilities for implementation GIS in Lithuania.

6. Assigned Amount, 221 mln. Facilitating Green Investment Schemes: first lessons learnt and the way forward. Budapest, 24-25 April, 2008. NAP, 44 mln. JI projects 9-10 mln. JI reserve, 1,3 mln. Nuclear Power station, reserve Inventory 40-45 mln. GIS?

7. What is done? Project “Capacity building on the implementation Kyoto protocol in Lithuania”. Annex 3: “Suggestions and recommendations on implementing GIS in Lithuania”. Goals: Analysis on JI and GIS systems, identifying weaknesses and advantages; Assessing GIS implementation potential in LT, considering difficulties and its elimination tools; To determine and describe main investing system’s elements. Facilitating Green Investment Schemes: first lessons learnt and the way forward. Budapest, 24-25 April, 2008.

8. Greener future? What is left: Track I; Institutional distribution (LEIF?): Legal base. Facilitating Green Investment Schemes: first lessons learnt and the way forward. Budapest, 24-25 April, 2008.

9. Thank You! Any help and suggestions welcome: asta@laaif.lt 370 5 216 9799