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European energy programme for recovery

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European energy programme for recovery

The European energy programme for recovery (EEPR) provides for the granting of financial assistance to the energy sector, especially for the introduction of interconnection infrastructures, energy production based on renewable sources and carbon capture and for the promotion of energy efficiency.

ACT

Regulation (EC) No 663/2009 of the European Parliament and of the Council of 13 July 2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy

SUMMARY

The European energy programme for recovery (EEPR) provides for the granting of financial assistance to the energy sector, especially for the introduction of interconnection infrastructures, energy production based on renewable sources and carbon capture and for the promotion of energy efficiency.

WHAT DOES THIS REGULATION DO?

It seeks to set up the EEPR to fund projects in key areas of the energy sector: gas and electricity infrastructures, offshore wind energy and carbon capture and storage.

KEY POINTS

The programme finances gas and electricity infrastructure projects with objectives that secure and diversify sources of energy and supplies; make the interoperability (i.e. the interconnection) of networks safe and reliable; develop and optimise the capacity of the network; and connect renewables to the energy grid or network.

Offshore wind projects* are given funding when they meet certain criteria which take into account the construction of the infrastructure, the innovative features of the project and the project’s contribution to the existing wind energy grid.

Carbon capture and storage* projects are given funding when the project demonstrates that it can capture at least 80 % of carbon dioxide (CO2) in industrial installations.

The programme also has a financial instrument that supports the development of projects related to energy efficiency. The European Energy Efficiency Fund, established in 2011, has taken over the role of allocating money to projects that support energy efficiency.

The programme’s budget totals €3.98 billion, with an approximate €2.3 billion going to gas and electricity infrastructure projects, €565 million to offshore wind projects, €1 billion to carbon capture and storage and €146 million to the financial instrument.

BACKGROUND

The EEPR forms part of the economic recovery plan, established to remedy the effects of the financial and energy crisis that affected the European economy in 2008.

For more information, see:

the EEPR; and

KEY TERMS

* Offshore wind projects: wind farms out at sea.

* Carbon capture and storage: a way of mitigating climate change consisting of the capture of CO2 from industrial installations, its transport to a storage site and its injection into underground geological formations.

REFERENCES

Act

Entry into force

Deadline for transposition in the Member States

Official Journal

Regulation (EC) No 663/2009

1.8.2009

-

OJ L 200, 31.7.2009, pp. 31-45

Amending act(s)

Entry into force

Deadline for transposition in the Member States

Official Journal

Regulation (EU) No 1233/2010

30.12.2010

-

OJ L 346, 30.12.2010, pp. 5-10

RELATED ACTS

Report from the Commission to the European Parliament and the Council - On the implementation of the European energy programme for recovery (COM(2013) 791 final of 18.11.2013).

Commission staff working document - Mid-term evaluation of the European Energy Efficiency Fund accompanying the document - Report from the Commission to the European Parliament and the Council - On the implementation of the European energy programme for recovery (SWD(2013) 457 final of 18.11.2013).

Report from the Commission to the European Parliament and the Council - On the implementation of the European energy programme for recovery (COM(2014) 669 final of 28.10.2014).

Last updated: 13.08.2015

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