The European Commission welcomes the political agreement reached between the European Parliament and the Council on financing REPowerEU and enabling Member States to introduce REPowerEU chapters in their recovery and resilience plans. This agreement builds on the Recovery and Resilience Facility (RRF) to further respond to the economic hardship and global energy market disruption caused by Russia's invasion of Ukraine.
Thanks to today's agreement, Member States will be able to get their reforms and investments rolling, thereby phasing out imports of Russian fossil fuels and providing clean, affordable and secure energy to households and businesses across Europe.
The agreement also covers the SAFE (Supporting Affordable Energy) measures under Cohesion Policy,
which will enable Member States to use unspent funds under their
2014-2020 allocation to provide direct support to vulnerable families
and small and medium-sized businesses (SMEs) to help them face increased
energy costs, as proposed by the Commission in October. (...)
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