Wednesday, December 14, 2022 10:20:22 AM
Representatives from the European Parliament and the EU council struck an early morning provisional deal on Wednesday to allow EU countries to add a REPowerEU chapter to their post-COVID national recovery and resilience plans.
REPowerEU is a plan unveiled in May by the Commission in response to Moscow's war on Ukraine to utilise €225 billion of unspent money initially earmarked to help the bloc's economies rebound from their COVID slump to speed up the energy transition and diversify energy supplies away from Russia.
The deal will enable capitals across the bloc to receive crucial funding for key investments and reforms supporting the energy transition and the increased resilience of the EU energy system.
"We delivered on what we promised: REPowerEU will enter into force at the beginning of next year. We successfully concluded negotiations between the European Parliament and the Council last night,” Siegfried Muresan, EPP Group Vice-Chair for Budgets and Structural Policies and one of the main negotiators, said.
"With 20 billion euros in new funds, REPowerEU will support Member States in reducing their dependency on Russian fossil fuels. It will also speed up the transition to renewable energy.”
Christmas across Europe: Carp in your bathtub and other Czech traditions
What do we know about the European Parliament corruption scandal?
New and existing reforms and investments outlined in the member states’ recovery plans starting from February 1, 2022 – the onset of the war in Ukraine – will receive REPowerEU’s funding. These measures must be designed to tackle energy poverty for vulnerable households and small- and medium-sized businesses.
Some 30 per cent of the funds included in the REPowerEU plan will be assigned to cross-border projects, as the EU wants to create a strongly independent and autonomous “Energy Union”.
Romanian MEP Drago? Pîslaru (Renew) described the agreed plan as "an instrument that has three main ingredients: ambition, transparency and flexibility."
"It is a moment of tremendous ambition from the EU to show and provide the means to become energetically independent from one door to another, from one neighbour to the bakery at the corner of the street," he added.
"REPowerEU is the solution our citizens, our businesses, our generations need to overcome this energy crisis and to cut out their energy bills. And today I am proud to say we made it!”
https://www.euronews.com/my-europe/2022/12/14/eu-strikes-repowereu-deal-to-break-free-of-its-dependence-on-russian-fossil-fuels
Recent ADN News
- Advent Technologies Receives Nasdaq Notification Regarding Compliance with Listing Requirements and Appoints Three New Directors • Business Wire • 09/04/2024 10:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 09:03:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 11:16:50 AM
- Advent Technologies Reports Q4 2023 Results • Business Wire • 08/20/2024 11:00:00 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2024 09:08:28 PM
- Advent Technologies Announces Date for Fourth Quarter and Fiscal 2023 Earnings Call • Business Wire • 08/14/2024 01:28:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/13/2024 09:22:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:26:42 PM
- Advent Technologies Reaches Agreement for up to $3 Million in Debt from Institutional Investor • Business Wire • 08/05/2024 08:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 09:30:56 PM
- Advent Technologies Update on Streamlining Operations • Business Wire • 07/11/2024 06:22:00 PM
- Advent Technologies Holdings Receives Nasdaq Notice on Late Filing of its Form 10-Q • Business Wire • 05/29/2024 06:50:00 PM
- Advent Technologies Holdings Announces Effective Date of Reverse Stock Split • Business Wire • 05/09/2024 05:30:00 PM
- Advent Technologies Holdings Approves Reverse Stock Split • Business Wire • 05/01/2024 01:10:00 PM
- Advent Technologies Holdings Receives Nasdaq Notice on Late Filing of its Form 10-K • Business Wire • 04/23/2024 08:58:00 PM
- Advent Technologies Signs Strategic Joint Development Agreement with Siemens Energy to Expedite the Decarbonization of the Maritime Sector • Business Wire • 04/04/2024 12:00:00 PM
- Advent Technologies Participates in $12.4 Million Project to Reduce GHG Emissions in the Maritime Sector • Business Wire • 03/05/2024 01:15:00 PM
- Advent Technologies Receives Formal Invitation from Greek State for €24 Million Grant for the Green HiPo IPCEI Project • Business Wire • 02/26/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 12:30:48 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 08:52:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 12:00:17 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/17/2024 10:30:11 PM
- Advent Technologies Announces Appointment of Naiem Hussain as Chief Financial Officer • Business Wire • 01/11/2024 11:03:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/11/2024 10:17:12 PM
- Advent Technologies Secures Funding from Danish Energy Technology Development and Demonstration Program for Innovative R&D Project • Business Wire • 01/08/2024 01:35:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM