BRUSSELS - Within the year, Italy will have to spend and certify to the European Commission the use
of around 20 billion of European funds that could otherwise be lost
.
This, according to what has been learned, is the updated residual amount of the funding assigned to our country under the 2014-2020 cohesion policy.
Half of the figure is represented by resources from the React-Eu programme, one of the tools put in place within the
NextGenerationEU
framework .
A close confrontation is underway between Rome and Brussels to identify forms of flexibility that allow for the rapid use of these resources.
With respect to the instrument for post-pandemic recovery and resilience, the EU Commission announced today that the resources disbursed are over 144 billion euros, between grants (96 billion) and loans (48 billion).
Many more disbursements are expected as we move towards the second half of the program lifecycle.
"Member States should do their best to make full use of the opportunities offered by the Recovery and implement the deadlines they have committed to respect in their plans", underlines the EU Commission in a note released on the occasion of the two-year anniversary of the entry into force of the Recovery Plan.
In spring 2023, recalls the Commission, "Member States will have to integrate their recovery and resilience plans with the chapters of REPowerEU, to provide a common response to the global energy crisis: the reforms and new or enhanced investments included in the chapters, Funded by the enhanced financial power of Recovery
of up to €270 billion
, they will enable member states to quickly eliminate the EU's dependence on Russian fossil fuels and accelerate the clean energy transition.
"The reforms and investments led by REPowerEU, which we invite Member States to present as soon as possible, will also enable the realization of the synergies envisaged by the EU Business Plan for the Green Deal, finance measures that promote the greening of industry, they will support zero-emission industrial projects in the EU, incentivize the research and development of innovative zero-emission technologies and assist industries in the face of high energy prices, including through tax breaks", explains the European executive.
