The Environment Protection Fund, with acronym as “ EPF ”, is a Government fund established for mobilizing different type of funds from internal and external sources for supporting natural resources management and environmental protection effectively and sustainably.
Principles on Management and Use of EPF Fund
Management and use EPF fund according to the following principles:
- Centralized and consistent with the state budget system;
- Use fund according to the objective, efficiently, and effectively;
- All revenues and expenditures shall be operated through the National Treasury System; accounting shall be performed in accordance with the State accounting regulation;
- Effective, quick, judge, and transparent implementation and ensure achievement of the disbursement plan;
- Have regular inspection and audit in line with related laws and regulations.
Fundraising
Sources of fund and income of the EPF are from 8 sources:
- State Budget;
- Contributions under the concession agreement of investment projects according to the Electricity law, the Minerals law, and other relevant laws;
- Direct grant aids from national and international organizations;
- Contributions from person, legal entity, and organization;
- Interest and profits generated from capital investments of the EPF in the bank;
- Environmental rehabilitation fees from investment projects and activities;
- Payment for ecosystem services;
- Fines and indemnities of environmental damages;
Investment
The funding mechanisms of EPF are categorized into 6 financing windows:
- Policy and environment capacity enhancement (PECE);
- Biodiversity conservation including forests and community development (BC);
- Environment including pollution control (EPC);
- Sustainable water resource management (SWRM);
- Sustainable land management (SLM);
- Climate change (CC)