On Thursday, 19 October, the European Commission approved the revised post-Covid-19 recovery plans that Austria, Sweden, and Denmark submitted—three plans that contain a ‘REPowerEU’ chapter designed to accelerate the energy transition and the reduction of the European Union’s dependence on Russian hydrocarbons.
Austria. Now with a budget of €3.96 billion solely in the form of grants, the revised Austrian plan is allocating 56% of the available funds to the climate transition...