L R AS Published on Monday 15 February 2021 - n° 350 - Categories:Europe

The European Recovery Fund of €672 billion has just been approved

The European Parliament has officially voted the €672 billion Recovery and Resilience Fund. The States that make up the European Council of Ministers must now officially sign the budget.

After approval, Member States will be able to submit national plans for the economic recovery fund to the Commission for scrutiny. They will then be eligible for "pre-financing" of 13% of the funds allocated to them.

The green transition is one of the six pillars of the Recovery and Resilience Fund (RRF), alongside digital transformation, economic cohesion, productivity, social inclusion and social cohesion. and competitiveness, social and territorial cohesion, health, economic, social and institutional resilience, and policies for the next generation.

https://www.pv-magazine.com/2021/02/11/eu-set-to-release-initial-e7-5bn-of-green-transition-fund/

PV Magazine of 11 February

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