European Energy Programme for Recovery
As part of the EU's response to the economic crisis (European Economic Recovery Plan) the European Energy Programme for Recovery (EEPR) came into force in summer 2009.
The programme aims to help speed up and secure investments for energy infrastructure and technology projects, improve the security of supply of the Member States and help speed up the implementation of the 20/20/20 objectives.
The programme initially provided funding for energy infrastructure, offshore wind and carbon capture and storage. However, in November 2010, an amended Regulation on the EEPR was agreed by the Council of the EU and European Parliament, and was published in the Official Journal of the EU.
This amendment allows for the reallocation of €146 million of funds made available under the EEPR to local projects in energy efficiency and renewable energies. This amendment now establishes a financing facility for local, national and regional authorities to support investment projects, particularly in urban areas - it is called the European Energy Efficiency Facility.
For more information on the EEPR, please click here.
