Research Detail
| 2023/06/05 / Erste Group Research |
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 |
| Language |  |
| Product name | Video |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | CEE |
| Currency in focus | - |
| Sector in focus | - |
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