Recovery plan: the RFF and the European Green Deal

The RRF and the European Green Deal

GreenWin has produced a guide [in French only] to European aids in relation to the areas of strategic activities and the subject matters considered of priority in its 2020-2025 roadmap.

A green pact for Europe – The European Green Deal – and its impact on available financing through the EU.

‘The green deal for Europe is a response to the challenges presented by the climate and linked to the environment. This new strategy for growth aims to transform the European Union (EU) into a society that is fair and prosperous, armed with a modern economy, efficient in its use of resources and competitive, characterised by the absence of net greenhouse gas emissions by 2050 and in which economic growth will be disassociated from the utilisation of resources’ (European Commission, 2019)

 

‘New technologies, sustainable solutions, and disruptive innovation are essential for reaching the goals of the Green Deal for Europe. To preserve its competitive advantage in clean technology, the EU must substantially strengthen the large-scale deployment and demonstration of new technologies in all sectors, and in the unique market as a whole, by creating novel innovative value chains. This challenge goes beyond the means of individual member States. Horizon Europe, together with other EU programmes, will play a central role in the mobilisation of national public and private investments. At least 35 % of the Horizon Europe budget will finance new solutions relating to the climate that will allow for the green deal to be implemented. (European Commission, 2019).

The bulk of available instruments within the framework of the Horizon Europe programme will go towards supporting all necessary research and innovation efforts. Four «green deal missions» will contribute towards bringing large-scale changes in areas such as adaptation to climate change, the oceans, cities, and soils. These missions will regroup a large selection of stakeholders, including regions and citizens. Partnerships with industry and with member States will support research and innovation

> in the transport sector, including batteries,
> clean hydrogen,

> low-carbon emission steel production, and

> in the sectors of the circular bioeconomy and of the constructed environment’ (European Commission, 2019)

 

The RRF – Recovery and Resilience Facility: What’s that?

In plain terms, the facility for recovery and resilience is the main instrument at the heart of NextGenerationEU, a temporary tool for recovery which allows the European Commission to raise funds towards repairing current economic and social damage caused by the COVID-19 pandemic.  Besides, the facility is tightly aligned with the priorities of the Commission to guarantee, long term, a sustainable and inclusive recovery that favours ecological and digital transitions. It will help the Union to come out of the current crisis stronger and more resilient.

Member states have submitted proposals which have been selected for financing based on the criteria illustrated in the following graphic :

 

The Regions have sent their proposals to the federal government‘s Secretary of State for Economic Recovery and Innovation, who, together with his team, has fine-tuned the presentation of Belgium’s proposal to the European selection authorities.

The implementation of each national/regional plan is the subject of a monitoring, the evaluations of which determine the release of funds according to the intermediary objectives achieved.

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