EU’s RRF fund helps boost green energy and increase economic resilience

The EU’s Recovery and Resilience Facility has offered support ‘like never before’ for energy efficiency and renewable energy projects

Established in February 2021, the EU Recovery and Resilience Facility has provided €723bn for reforms and investments made since the start of the coronavirus pandemic in February 2020, and will run until the end of 2026. EU member states must submit national recovery and resilience plans that allocate at least 37 per cent of their budgets to green initiatives in order to secure support from the facility.