Update of the EU funds allocations in the central and eastern European countries in energy efficiency, renewable energy and transportation
Publisher: CEE Bankwatch Network
Volume: 2 pages, pdf
Description:
In the 2007-2013 period, the European Union (EU) will distribute EUR 347 billion1 for projects financed through its Structural Funds and the Cohesion Fund (SF/CF) for regional development. Half of this amount – 177 billion EUR – will go to the ten Central and Eastern European member states (EU-10), including the latest newcomers Bulgaria and Romania. As the EU funds transfer significant amounts of money for development, it is important that this development is on a sustainable path and contributes to achieving the climate and environmental protection objectives of the EU. This analysis deals primarily with EU funds allocations for energy efficiency, renewables and sustainable transportation. The data used is taken from the allocations in the National Operational Programmes (OP) in the EU-10 that have been approved by the European Commission (EC).