Fondo per lo Sviluppo e la Coesione (FSC 2021-2027)

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Laws and Policies

CCLW

CCLW national policies

Delibera CIPESS 1/2022

FSC approved

Delibera CIPESS 1/2022 published

Delibera CIPESS 35/2022 published

<p>The Development and Cohesion Fund (FSC), which acquired this current denomination in 2011, is the main financial instrument through which policies for the development of economic, social, and territorial cohesion and the elimination of economic and social imbalances. The FSC is multi-year in nature, consistent with the programming schedule of the European Union's Structural Funds, ensuring the unity and complementarity of the procedures for activating the relevant resources with those provided for EU funds. Specifically, the Fund's intervention is aimed at financing strategic projects, both infrastructural and intangible, of national, interregional, and regional importance.The distribution of funds is regulated by the Interministerial Committee for Economic Planning and Sustainable Development  (CIPESS). The current programme cycle is the FSC 2021-2027, which has a budget of 50,000 million euros approved by the Budget law 2021 (article 1, paragraph 177). The 2022 budget law (law no. 234 of December 30, 2021) subsequently provided for the refinancing of the FSC, programming period 2021-2027, for a total amount of €23.5 billion, at the rate of €3 billion for each of the years from 2022 to 2028 and €2.5 billion for 2029.Especifically regarding the Green Transition, the resolution CIPESS 1/2022 allocated  €4,680.085 million to finance sustainable mobility infrastructure projects and, in particular, to the primary and secondary road network, the railway network, and works of regional interest, in compliance with the regulatory percentage distribution criterion of 80 percent to Southern Italy and 20 percent to Central-Northern Italy. Delibera CIPESS 35/2022 approved more €1.6 billion to cope with prices aiming to advance sustainable mobility nationwide.</p>

 Development and Cohesion Fund (FSC 2021-2027)

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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.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Activities that involve planning, designing and building infrastructure, residential, and commercial structures.

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

Conditions that enhance the feasibility of adaptation options. Enabling conditions include finance, technological innovation, strengthening policy instruments, institutional capacity, multi-level governance and changes in human behaviour and lifestyles.

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

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

Geohazards are adverse geological phenomenon's that are capable of causing widespread damage or loss to property, life and the environment, such as earthquakes, volcano eruptions and tsunamis. Climate change can increase the frequency and severity of some geohazards, such as landslides, and soil erosion.

Fondo per lo Sviluppo e la Coesione (FSC 2021-2027)

Policy instrument

Risk

Economic sector

Adaptation/resilience

Finance