Markets by Region
| 2023/06/05 / Erste Group Research |
| REPower EU |
The European Commission implemented REPowerEU Plan in May 2022 in response to Russia’s invasion of Ukraine with four objectives: diversification of energy sources, securing energy supply, saving energy and investing into renewables.Given that quantity of the EU-wide allowances will be continuously reduced over next 10 years and free allowances for industry will be eliminated by 2034, the costs for emission-producing enterprises will rise, incentivizing them to modernize their production. Member States can use the remaining RRF loans (currently €225 billion) and new RRF grants worth €20 billion. Other sources include transfer of funds from Cohesion Policy as well as European Agricultural Fund for Rural Development to RRF. |
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General information
| Author | Erste Group Research |
| Date | 2023/06/05 |
| Product type | weekly / bi-weekly |
| Product name | Video |
| Topic in focus | FX, Macro/ Fixed income |
| Language |  |
| Market cap | - |
| Availability | All [1] |
| Download |
Analysis and Forecasting
| Date | Headline | Download | |
| 2023/09/29 | | Week Ahead |  |
| 2023/09/29 | | Global Equity Ratings | |
| 2023/09/29 | | August industrial production down by 2.4% y/y | |
| 2023/09/29 | | Retail trade grew 3.0% y/y in August | |
| 2023/09/29 | | Inflation reverted to moderation trajectory in September | |