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Europe Daily Bulletin No. 13300

25 November 2023
ECONOMY - FINANCE - BUSINESS / Economy
European Commission gives green light to revised Italian recovery plan
Brussels, 24/11/2023 (Agence Europe)

The European Commission has approved Italy’s revised post-Covid-19 recovery plan, which contains a REPowerEU chapter designed to accelerate the energy transition and reduce dependence on Russian hydrofluorocarbons (see EUROPE B13234A17).

Now with a budget of €194.4 billion, of which €122.6 billion is in the form of loans, the revised plan devotes more resources (39% of the total) to the climate transition.

New reforms and investment are focused on strengthening electricity...

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