Carbon Fund Act. Country/Territory Ireland Document type Legislation Date 2009 (2019) Source FAO, FAOLEX Long titleAn Act to provide for the establishment of a fund to be known as the Carbon Fund to be utilised for the acquisition of Kyoto units and other such instruments or assets by the state to meet international climate change obligations under the United Nations Framework Convention On Climate Change Done at New York on 9th May 1992 and the Kyoto Protocol to the Convention done at Kyoto on 11th December 1997, to designate the national treasury management agency as the agent for the acquisition, including on foot of existing or future agreements to which the state is or becomes bound, of Kyoto units and such other instruments or assets on behalf of the state, to provide for the making available of financial resources to and the use and management of the carbon fund, to provide for consequential amendments to existing legislation and to provide for related matters. Subject Air & atmosphere Keyword Air quality/air pollution Emissions Ozone layer Special fund Climate change Pollution control Geographical area Atlantic Ocean Islands, Europe, Europe and Central Asia, European Union Countries, North Atlantic, North-East Atlantic, Northern Europe Abstract This Act requires the Minister to establish a Carbon Fund for the purpose of acquiring on behalf of the State Kyoto Units and any other such instruments or assets in accordance with the provisions of the Convention and the Kyoto Protocol, and for any purpose associated with or incidental to the fulfilment of that function. The National Treasury Management Agency may dispose of Kyoto Units or any other instruments or assets acquired under this Act, and any proceeds of any such disposal shall be paid into the Carbon Fund. Full text English Website revisedacts.lawreform.ie