A framework-decree of the Walloon government on 12 April 2001 on the liberalisation of the electricity market forsaw the creation of funds to encourage the rational use of energy, financed by a charge imposed on the grid manager, and the introduction of a greens certificates market to encourage the renewable production of electricity. In its implementing decree of July 2002, the Walloon government established a target of 3% of electricity demand to be met from renewable sources in January 2003 at the trading schemes commencement, to rise to 7% in 2007. Following this the percentage is to increase annually by 1%, reaching 8% in 2008 and 12% by 2012, the latter to be achieved by producing 8% of Wallonias electricity from renewable sources and 14% from CHP, the latter to be achieved by producing 8% of Wallonias electricity from renewable sources and 14% from CHP. IEA/IRENA Global Renewable Energy Policies and Measures Database © OECD/IEA and IRENA, [November 2020]