InvestorsHub Logo
Followers 33
Posts 9315
Boards Moderated 10
Alias Born 12/13/2014

Re: None

Wednesday, 01/10/2024 4:00:27 PM

Wednesday, January 10, 2024 4:00:27 PM

Post# of 1289
Eight actions EUR 217 million euro in the regions of Western Macedonia and Arcadia under lignite phase-out
21:25pm, Wednesday 10/01/2024 | Grevena, Kastoria, Kozani, Florina
Link

The resources of the Just Development Transition Programme, which have been specified since the beginning of the implementation of the programme, amount to approximately EUR 800 million. euro

The new specification issues for the financing of actions with a budget of ECU 217 million will be financed by the Commission. The euro were discussed during the second meeting of the Monitoring Committee that took place recently in Ptolemaida on the implementation of the Just Development Transition Programme (JDP) with the participation of the members of the Special Service for Just Development Transition (EYDAM) and representatives of the European Commission.

Essentially, they concern the following actions in the areas under lignite phase-out:
1. Special Business Subsidy Program for the employment of unemployed, former employees of businesses affected by lignite phase-out in Western Macedonia and Megalopoli (73 million euros)
2. Just Development Transition Holding Fund to support both small and medium-sized enterprises and large enterprises (€70 million)
3. Innovation zone in Western Macedonia (€8 million),
4. Rehabilitation and regeneration works at Vegora mine (EUR 4 million)
5. Workforce empowerment interventions (€18 million),
6. Individualised intervention programme for unemployed young people (EUR 34 million),
7. Upgrading and expansion of social and welfare services in the Region of Western Macedonia (€8 million)
8. Operation of EFEPAE (Intermediate Body of the Operational Programme "Competitiveness and Entrepreneurship") to support the Special Service for Just Development Transition in actions related to state aid (€ 2 million). euro).

Including these specification documents, the resources of the Just Development Transition Programme which, since the beginning of the programme's implementation, amount to approximately EUR 800 million. (out of a total of around €1.63 billion).

Financial instruments

According to an assessment by the Green Tank, which is a member of the Monitoring Committee, the formulation of a financial instrument amounting to EUR 70 million will be a major step forward. The euro to support small and medium-sized enterprises is in a positive direction. "The possibility of developing financial tools within the framework of the Program, as highlighted by the establishment of a Just Transition Holding Fund, can be exploited in other sectors as well" and in particular, according to the Green Tank, for the formation of a special youth fund to support youth business plans in these regions.

More generally, regarding the implementation of the Just Development Transition Program in its first year of operation, the Green Tank singles out the first funding program for self-production projects with storage by energy communities in Greece, which concerns municipalities and related bodies in transition areas, amounting to €41.8 million. euro. However, it considers it necessary to finance corresponding projects of citizens and small and medium-sized enterprises given that needs are increased, especially in Western Macedonia.

Self-production with storage

Also particularly noteworthy is the €12 million funding program for heat pumps and self-production systems with storage in Western Macedonia. Although the available resources are disproportionately few in relation to the needs for such systems in Western Macedonia.

On the action for young people amounting to EUR 8.34 million. 600 young people will benefit (432 in Western Macedonia and 168 in the Peloponnese).

However, according to GreenTank, young people who are not employed, educated or educated are estimated at around 12,000 in Western Macedonia alone. Indeed, according to Eurostat data analyzed by the Green Tank, Western Macedonia is well above the average of the 96 EU-27 coal regions in terms of the number of this group of young people.

www.worldenergynews.gr
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ADN News