The Recovery Plan for Europe, enacted by the Regulation (EU) 2021/241 on the Recovery and Resilience Facility (RRF), sets the EU's budget response to the COVID-19 crisis. It specifies that the recovery should be aligned with climate objectives and targets.Council Regulation (EU) 2020/2094 previously established a European Union Recovery Instrument to support the recovery in the aftermath of the COVID-19 crisis. It took measures to ensure that a just transition to a climate-neutral economy will not be undermined by the COVID-19 crisis. It dedicates up to EUR 10 000 million in 2018 prices for programmes supporting territories in their transition towards a climate-neutral economy (article 2).

Recovery Plan for Europe

Laws and Policies

CCLW

CCLW national policies

The EU budget powering the recovery plan for Europe

Published

This budget document details the investments underpinning the Recovery and Resilience Facility.

Special meeting of the European Council (17, 18, 19, 20 and 21 July 2020) – Conclusions

Conclusions published

The European Council adopted conclusions on the recovery plan and multiannual financial framework for 2021-2027 on 21 July 2020.

A recovery plan for Europe

Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 (Consolidated text)

Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility

Regulation (EU) 2023/435 amending Regulation (EU) 2021/241 as regards REPowerEU chapters in recovery and resilience plans 

Regulation (EU) 2024/795

Regulation (EU) 2021/241 published

Amended

The Recovery and Resilience Facility (RRF), established by Regulation (EU) 2021/241, is the EU’s main instrument under NextGenerationEU to support Member States’ recovery from the COVID-19 crisis. It provides financing for reforms and investments that foster the green transition, digital transformation, sustainable growth, social and territorial cohesion, and resilience to future crises. Member States must submit national Recovery and Resilience Plans (RRPs) aligned with six policy pillars and meeting minimum climate (37 %) and digital (20 %) spending targets. The RRF is financed through grants and loans raised by the EU under NextGenerationEU, with strict monitoring, reporting, and assessment requirements to ensure accountability and alignment with EU strategic objectives.
The RRF Regulation has been amended to address evolving EU priorities. Regulation (EU) 2023/435 introduces dedicated REPowerEU chapters in RRPs, allowing Member States to finance investments and reforms aimed at accelerating the clean-energy transition, reducing fossil-fuel dependency, and enhancing energy resilience. Regulation (EU) 2024/795 further amends the RRF to permit allocation of up to 6 % of a Member State’s RRP to measures supporting strategic technology investments under the Strategic Technologies for Europe Platform (STEP).

Regulation (EU) 2021/241 of the European Parliament and of the Council of 12 February 2021 establishing the Recovery and Resilience Facility (RRF)

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UNFCCC Submissions

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UNCCD Submissions

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UNCBD Submissions

The summary of this document was written by researchers at the <a href="http://lse.ac.uk/grantham" target="_blank"> Grantham Research Institute </a> . If you want to use this summary, please check <a href="https://www.lse.ac.uk/granthaminstitute/cclw-terms-and-conditions" target="_blank"> terms of use </a> for citation and licensing of third party data.

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Climate Policy Database

Carbon Market Regulations Tracker offers standardised summaries and direct links to relevant regulations concerning baseline-and-crediting market activities, within voluntary carbon markets and those under Article 6 of the Paris Agreement.

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Gold Standard

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Laws Africa

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PreventionWeb

Any compulsory, unrequited payment to the government levied on corporations or individuals. This can be for environmental reasons, such as introducing a Carbon tax to set a price that emitters must pay for the greenhouse gases they emit.

Tradable permits are market-based tools that grant permission for specific activities, frequently used to regulate emissions. These permits can be issued within a trading system to manage environmental impacts.

A loan is a policy instrument where funds are provided to a borrower with the expectation of repaying the principal plus interest.

A commitment to balance GHG emissions with removal by a certain point in time, effectively reducing the net emissions to zero

An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

A target to reduce the prevalence of a greenhouse gas over a specific time frame

A long-lived, colourless gas, chiefly emitted from fossil fuel combustion, deforestation and cement production.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Aligning the skills of the workforce with the requirements of the just transition

work that is productive and delivers a fair income, security in the workplace and social protection for all, better prospects for personal development and social integration, freedom for people to express their concerns, organize and participate in the decisions that affect their lives and equality of opportunity

Social protection systems consist of policies that help people manage social risks in order to prevent poverty and maintain decent incomes and living standards

Social inclusion is the process of improving the terms on which individuals and groups take part in society—improving the ability, opportunity, and dignity of those disadvantaged on the basis of their identity.

Social and cultural groups that share collective ancestral ties to the lands and natural resources where they live, occupy or from which they have been displaced

People with different national or cultural traditions from the dominant population

People who are less able to respond to the effects of climate change due to having limited financial or physical assets

People who have left their homes, whether through force, voluntarily, or a mixture of both

woman and genders outside of the gender binary

Activities involving the catching, processing, and selling of fish for food, recreation, and industry.

Activities of businesses and institutions that provide financial services and products to individuals and organisations.

Activities that provide lodging, food, and entertainment services to guests, including hotels, restaurants, and resorts.

Activities that involve the cultivation of crops and raising of livestock for food, fibre, and other products essential for human life and industry.

This sector provides communication services, software development, and IT solutions.

Activities of government agencies and institutions that provide public services, enforce laws and manage public resources.

This sector involves activities to move goods and people, alongside the storage of products.

This sector involves activities that impart knowledge and skills to individuals, including formal schooling, vocational training and educational support.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Area of the economy in which actors engage in identical or related activities.

Financial actors and resources that are primarily directed towards climate change mitigation, adaptation and compensation.

An enterprise or financial institution that is usually majority-owned, backed or significantly controlled by nation-state governments.

Special meeting of the European Council (17, 18, 19, 20 and 21 July 2020) – Conclusions

Summary

Documents

About this law

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Part of a collection

Recovery Plan for Europe

Note

Special meeting of the European Council (17, 18, 19, 20 and 21 July 2020) – Conclusions

Summary

Documents

About this law

Topics mentioned most in this law Beta

Part of a collection

Recovery Plan for Europe

Note

Topics mentioned most in this law
Beta