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.

This entry and summary were provided by the Climate Policy Database. If you want to use the summary, please see the terms of use for citation and licensing of third party data.

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.

This entry and summary were provided by Gold Standard. If you want to use the summary, please see the terms of use for citation and licensing of third party data.

Gold Standard

This entry was provided by Laws.Africa. Please see the terms of use for citation and licensing of third party data.

Laws Africa

This entry and summary were provided by PreventionWeb. If you want to reference this document, please see the terms of use for citation and licensing of third party data.

PreventionWeb

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

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.

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

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.

The EU budget powering the recovery plan for Europe

Main document

Timeline

Note

About the Recovery Plan for Europe