Green European Fund Treaty
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Green European Fund
Pre Amble:We the signatories of this treaty recognise the threats to biodiversity, the climate , environment and habitation conditions for humans caused by unsustainable development. Noting the importance of a Green and Sustainable transition including poorer nations of the world we agree to set up a Green European Fund to hasten the transition to green and sustainable economies.
Section 1 Funding and administration:
1.1 The Headquarters of theGreen European Fund shall be established in Europolis
1.2 Each nation shall be able to donate as much as they want to the fund to help with transition projects
1.3 Every donor country donating over 0.01% of their national GDP in Euros per year shall get a seat on the
Council of Green European Fund with Super Donors classed as those donating over 2 billion Euros per year getting an extra seat on the council
1.4 The President of the Green European Fund shall be elected by a 51% +1 majority of the council present at the vote for president
1.5 Green transportation shall be used for all corporate travel for Green European Fund executives and staff, if it is a viable option with no air travel allowed if electric or low emissions car, rail or coach travel for the journey takes less than 12 hours.In cases where air travel is needed the organisation should use only economy class travel to reduce emissions from the travel and pay for offsetting of the emissions.
1.6 Green Fund offices shall be set up in every signatory of the treaty to allow lending to local green businesses and assess applications
1.7 Projects or loans over 1 billion Euros shall be subject to a majority vote on the councilSection 2 Funding for projects:
1.1 Funding shall be held in a Green Sovereign Wealth Fund to gain interest while money is not in use with assets sold when at higher prices to increase funds available to lend or donate
1.2 Funding shall only be available for Green and Sustainable projects
1.3 Fossil fuels shall be excluded from getting money from the fund
1.4 At least 40% of the fund should go to developing nations defined as any nation with a gdp per capita under 20,000 Euros per capita
1.5 Any excess funds shall be banked at a rate of 25% into an a emergency fund account for any urgent projects and to stabilise revenue with 75% being donated to green and sustainability charities or non-profits
1.6 Businesses and third sector organisations shall be allowed to apply for low interest loans and small grants to help with green transition and projects for their businesses as long as they have a plan for decarbonising the whole business
1.7 Only projects with viable or proven long lasting carbon or green benefits shall be funded and only those that show efficient use of funding for the goal
1.8 The Green European Fund must produce a report on projects funded every six monthsSigned , John Peter Key United Duchies
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High Chieftain, Searlait Mhic Cuairt Sgot, Clan Democracy of Strathae
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Sir Simon Bridges
Prime Minister, Kingdom of Reitzmag
