PRESS RELEASE - EERP's unused funds should go to cities engaged in the Covenant of Mayors

by Blandine Pidoux on 29 March 2010 / 262 visites

Energie-Cités’ press release - 29.03.2010
It appears that an amount of about 115 M€ will remain from the Economic European Recovery Plan (EERP), one year after its adoption. This is not a huge amount, but if it is well used, a leverage effect might occur.

The €5 billion European Economic Recovery Plan (EERP) adopted in spring 2009 excluded local authorities’ energy efficiency initiatives from support. Local authority networks –coordinated by Energie-Cités- had proposed allocating 500 MEUR to cities engaged in the Covenant of Mayors to reinforce, inter alia, their financial and human capacities. Although favourably received by the Parliament, this proposal had been discarded by the Commission.

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