ANSA Lavoro - BRUSSELS, 01 FEB - The EU Commission has sent a draft proposal to the States for consultation to transform the temporary crisis framework for state aid into a temporary 'crisis and transition' framework to facilitate and accelerate the green transition.
The proposal, part of the Green Deal Industrial Plan, aims to ensure faster access to finance for companies active in the EU, to stimulate a faster introduction of renewables, and to support the decarbonisation of industry and the production of equipment for the transition to net zero .
The new provisions will be in force until 31 December 2025.
"The sovereignty fund focuses on one idea: we need common European projects based on cutting-edge technologies and we want to ensure that these are available throughout the EU", Ursula vonder Leyen said when presenting the European industrial plan.
"A common European financing instrument is needed for this joint project. We will review the multiannual budget but with the Member States we will have to evaluate other financing possibilities. The principles are clear, then we will talk and discuss the financing techniques".
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