On Monday 26 June, the European Commission approved the revised recovery plans submitted by France (see EUROPE B13167A15), Ireland (see EUROPE B13185A29) and Malta (see EUROPE B13171A16) with a view to incorporating ‘REPowerEU’ chapters designed to accelerate the climate transition and reduce dependence on Russian hydrocarbons.
France. With €40.25 billion in subsidies, the French recovery plan increases the funds available for the green transition from 42.4% to 49.5%.
The new...