About the fund
The Climate Emergency Fund (CEF) was established in the
Government Plan 2020 to 2023. It provides an initial route of income and source of expenditure for projects tackling the climate emergency.
It was established with £5 million. It can receive any further income from charges agreed upon in the Government Plan. Currently, it is receiving income from an above RPI increase in fuel duty.
The original amount is not enough to fund a journey to net zero. It will need to be supplemented by further income from other environmental taxes. The Carbon Neutral Roadmap was approved by the States Assembly in April 2022. It proposes three stages of funding to decarbonise Jersey's economy.
The Carbon Neutral Roadmap will use all funding currently in the Climate Emergency Fund until 2026.
In 2022, government will propose new income sources, ring-fenced to the Climate Emergency Fund (in whole or in part) in the following areas:
- road user charges
- reinvestigation of commercial solid waste charges
- car parking charges
- travel duty
In 2023, propose a long-term financing strategy. It will consider all available options to fund decarbonisation at the pace required to reach targets in the Carbon Neutral Roadmap
Expenditure from the Climate Emergency Fund is agreed in the Government Plan and is split into four themes.
|2020 original allocation||£500,000||£1,550,000||£395,000||£0|
|2020 rollover into 2021||£200,000||£1,550,000||£300,000||£0|
Disruption due to COVID-19 caused delays to some CEF funded projects in 2020. This led to some CEF funding being rolled over into 2021. Total funding available within 2021 can be calculated by combining the 2020 rollover and the 2021 original allocation.