The Climate and Energy Fund was brought to life in 2007 by the federal government in order to support putting its climate strategy into action – short, middle and long term. The owner is the Republic of Austria, represented by the environmental ministry and ministry of infrastructure. The strategies of the Austrian federal government in the areas of research and technology, environmental protection and energy provide the basic essentials that are reflected in the programmes of the Climate and Energy Fund. Important cornerstones for all of the measures are the sustainability and efficiency. The overriding importance of all actions remains the requirement to implement the reduction of national greenhouse gas emissions as quickly and sustainably as possible.
The Climate and Energy Fund law formulates three target areas on which the sponsorship strategy of the climate fund is orientated.
- Research and development in the area of sustainable energy technologies and climate research,
- Boosting projects in the area of public local and regional transport, environmentally friendly goods transport and mobility management projects and
- Boosting projects for supporting the market penetration of sustainable energy technologies relevant to the climate.