{"id":114245,"date":"2023-05-15T07:45:56","date_gmt":"2023-05-15T04:45:56","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/nextgenerationeu-european-commission-endorses-estonias-e953-million-modified-recovery-and-resilience-plan-including-a-repowereu-chapter\/"},"modified":"2023-05-15T07:45:56","modified_gmt":"2023-05-15T04:45:56","slug":"nextgenerationeu-european-commission-endorses-estonias-e953-million-modified-recovery-and-resilience-plan-including-a-repowereu-chapter","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/nextgenerationeu-european-commission-endorses-estonias-e953-million-modified-recovery-and-resilience-plan-including-a-repowereu-chapter\/","title":{"rendered":"NextGenerationEU: European Commission endorses Estonia\u2019s \u20ac953 million modified recovery and resilience plan, including a REPowerEU chapter"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/114245\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>The European Commission has given a positive assessment of Estonia&#8217;s modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth \u20ac953 million in grants and covers 17 reforms and 28 investments.<\/p>\n<p>Estonia has added five additional investments to its original plan: the construction of a health centre in Viljandi, the boosting of offshore wind farms development, support to companies to increase energy security, the construction of viaducts for Rail Baltica \u2013 a greenfield rail transport infrastructure project to integrate the Baltic states in the European rail network \u2013 and a hydrogen-powered ship to prevent pollution in the sea. At the same time, Estonia has removed four investments from the original plan. These concern Tallinn&#8217;s hospital, multipurpose helicopters, a Rail Baltica terminal and the Westbound railway. Estonia has also modified 13 measures which were already included in the original plan. In addition, the modified RRP submitted by Estonia rectifies clerical errors in one measure.<\/p>\n<p>Estonia&#8217;s changes to the original plan are based on the need to factor in:<\/p>\n<ul>\n<li>very high inflation experienced in 2022 (the highest in the Eurozone);<\/li>\n<li>supply chain disruptions caused by Russia&#8217;s war of aggression against Ukraine, which have made investments more expensive and caused delays; and<\/li>\n<li>the downward revision of its maximum RRF grant allocation, from \u20ac969 million to \u20ac863 million. This downward revision is a result of the June 2022 update to the RRF grants allocation key and reflects Estonia&#8217;s comparatively better economic outcome in 2020 and 2021 than initially foreseen.<\/li>\n<\/ul>\n<p>Importantly, Estonia has added a REPowerEU chapter to its plan, foreseeing a reform and two investments to deliver on the REPowerEU Plan&#8217;s objectives to make Europe independent from Russian fossil fuels well before 2030, in light of Russia&#8217;s invasion of Ukraine. These three measures aim at accelerating the take-up of renewable energy, by streamlining permitting procedures, strengthening the domestic electricity grid, and facilitating the development of sustainable biogas and sustainable biomethane.<\/p>\n<p>To finance the increased ambition of its plan, Estonia has requested to transfer to the plan its share of the Brexit Adjustment Reserve (BAR), in line with the REPowerEU Regulation, amounting to \u20ac6.6 million. These funds, added to Estonia&#8217;s REPowerEU grants allocation of \u20ac83.4 million, make the approved modified plan worth \u20ac953 million.<\/p>\n<p>The modified plan has a significantly stronger focus on the green transition, devoting 59% (up from 41.5% in the original plan) of the available funds to measures that support climate objectives. The reform and two investments included in the REPowerEU chapter strongly contribute to the green transition. The reform will define suitable areas for wind energy, streamline the permitting framework and thus free up capacity within permitting authorities. The two investments will facilitate the absorption of renewable energy in the country&#8217;s distribution network and increase the production and uptake of sustainable biomethane.<\/p>\n<p>The reforms and investments in the area of energy incentivise the uptake of renewable energy and improve energy efficiency. These measures have been scaled up in the modified plan. The plan maintains support for the development of innovative green technologies, such as green hydrogen, for upgrading green skills, and for facilitating the green transition in enterprises while also improving access to green finance for SMEs. Measures in the transport sector include the levelling up of the infrastructure of Tallinn capital region&#8217;s common public transport system, developing the Tallinn Old Port tramline and cycling paths in municipalities.<\/p>\n<p>Estonia&#8217;s plan&#8217;s digital ambition remains unchanged, though the addition of the REPowerEU measures has nominally pushed up the overall proportion of digital measures. The plan now devotes 24% (as opposed to the previous 21.5%) of its total allocation to support the digital transition. The modified plan&#8217;s social dimension remains very ambitious, with the health and social reforms remaining largely unchanged.<\/p>\n<p>Soure: <a rel=\"noopener\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/e%20n\/ip_23_2709\">European Commission<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/nextgenerationeu-european-commission-endorses-estonias-e953-million-modified-recovery-and-resilience-plan-including-a-repowereu-chapter\/\">NextGenerationEU: European Commission endorses Estonia\u2019s \u20ac953 million modified recovery and resilience plan, including a REPowerEU chapter<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[557,555,4812,917,9970],"class_list":["post-114245","post","type-post","status-publish","format-standard","hentry","category-news","tag-commission","tag-csr-news-en","tag-estonia","tag-recovery","tag-resience"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/114245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=114245"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/114245\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=114245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=114245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=114245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}