On Tuesday 17 October in Luxembourg, the Ecofin Council is expected to approve changes to the post-Covid-19 recovery plans for Portugal, the Czech Republic, the Netherlands, Slovenia and Spain.
These revised plans, which all contain a ‘REPowerEU’ chapter designed to speed up the energy transition and the reduction of the EU’s dependence on Russian hydrocarbons, were on the agenda of the meeting of Member States’ ambassadors to the European Union (Coreper) on Wednesday 11 October.
Portugal. The revised Portuguese plan, with a budget of €22.2 billion, including €5.9 billion in loans, places greater emphasis on the climate transition (41.2% of the total budget) (see EUROPE 13256/24).
See the draft implementing decision of the EU Council adopting the revised Portuguese plan: https://aeur.eu/f/90f ; and its annex: https://aeur.eu/f/8zt
Czech Republic. With a budget of €9.32 billion, including €8.4 billion in subsidies, the revised Czech plan aims to accelerate the energy efficiency of public and private buildings, facilitate the production of renewable energy, speed up sustainable mobility and improve social services for young children (see EUROPE 13258/21).
See the draft implementing decision of the EU Council adopting the revised Czech plan: https://aeur.eu/f/8zv ; and its annex: https://aeur.eu/f/8zx
Netherlands. With €5.4 billion in subsidies alone, the revised Dutch plan is much more focused on the ecological transition (55% of the funds will support the achievement of climate objectives, compared with 48% in the initial recovery plan) (see EUROPE 13261/16).
See the draft implementing decision of the EU Council adopting the revised Dutch plan: https://aeur.eu/f/8zy ; and its annex: https://aeur.eu/f/8zz
Slovenia. The revised Slovenian plan will support businesses in their decarbonisation efforts, modernise electricity distribution networks and facilitate the production of renewable energy and the deployment of zero-emission vehicles. It has a budget of €2.7 billion, including €1 billion in loans (see EUROPE 13261/16).
See the draft implementing decision of the EU Council adopting the revised Slovenian plan: https://aeur.eu/f/902 ; and its annex: https://aeur.eu/f/903
Spain. With an overall budget of €163 billion, including €83 billion in the form of preferential loans, the revised Spanish plan stipulates that 40% of the financing will pursue climate and environmental objectives: combating desertification, improving waste management and reducing food waste, and strengthening the circular economy.
See the draft implementing decision of the EU Council adopting the revised Spanish plan: https://aeur.eu/f/904 ; and its annex: https://aeur.eu/f/905 (Original version in French by Mathieu Bion)