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Delivering the Green Deal through Recovery and Resilience Facility & Cohesion Policy funds

Europe's ambitious Green Deal is a one-of-a-kind holistic economic and growth policy addressing all sectors for a structural transformation of the economy. To become the world's first climate neutral bloc by 2050, the EU must combine legislative initiatives with targeted investments, in a comprehensive effort. The Recovery and Resilience Facility (RRF) and Cohesion Policy funds are the main EU funding tools available at country level to sustain these efforts.

Green investments under the RRF

The green transition is a key investment area under the RRF:
  • Total planned climate expenditure across all EU Member States is in the range of €275 billion.
  • All countries have exceeded the 37% minimum target of their total RFF allocation
  • Green investments average at 40% of the total value of countries' National Recovery Plans.
  • Sustainable mobility, energy efficiency, and renewable energy and networks make up almost three quarters of green investments under National Recovery Plans.

By way of example, a €2.5 billion programme, combining federal and RRF funding, is currently under way in Germany; it aims to provide incentives for CO2 building renovation. 

Green investments under Cohesion Policy

Cohesion Policy will also substantially contribute to reaching the Green Deal objectives, with over €93 billion planned from 2021-2027 Cohesion Policy programmes for green investments across Europe.
Poland, Italy, Spain, Romania and the Czech Republic are the biggest spenders on selected green investments, but all Member States will leverage their Cohesion Policy programmes to work towards the Green Deal objectives.

These funds support a variety of measures and actions, from energy efficiency of public and private infrastructures to renewable energy, utilities infrastructure and smart grids.

Spain, for example, is currently running a €1.33 billion scheme under the pluri-regional 2021-2027 ERDF programme to support public authorities in advancing investments for energy efficiency and sustainable and integrated development of urban areas. Similarly, in the Czech Republic, €700 million are earmarked under the environment programme for energy efficiency of public buildings and public infrastructure (including construction of passive / plus standards public buildings).

How we can help

With an outstanding track-record of leveraging EU and public sector funding for our clients' growth for over three decades, we can assist you in identifying and addressing the most relevant EU funding opportunities for your green transition initiatives.

This email address is being protected from spambots. You need JavaScript enabled to view it. to discuss how to use EU funds at country level to grow your business.

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