Information on Italy's Recovery and Resilience Plan

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CCLW

CCLW national policies

Council implementing decision on the approval of the assessment of the recovery and resilience plan for Italy

Italy's National Plan for Resilience and Recovery #NextGenerationItalia

Approved

<div>To benefit from the support of the Recovery and Resilience Facility set up by the EU in the aftermath of the COVID-19-induced economic crisis, Member States submit their recovery and resilience plans to the European Commission. Each plan sets out the reforms and investments to be implemented by end-2026 and Member States can receive financing up to a previously agreed allocation. Each plan should effectively address challenges identified in the European Semester, particularly the country-specific recommendations of 2019 and 2020 adopted by the Council. It should also advance the green and digital transitions and make Member States’ economies and societies more resilient. The Commission validates the plan after which it effectively enters in force and EU subsidies can start flowing towards the member state. 37% of the plan’s total allocation is assessed to be directed towards reforms and investments supports climate objectives. Notable investments include the following: </div><ul><li>Sustainable mobility: integrate more regions into the high-speed rail network and complete the rail freight corridors; boost sustainable local transport through the extension of cycle lanes, metros, tramways and zero- emission buses, including the construction of electric charging stations across the country and hydrogen refuelling points for road and rail transport. €32.1 billion</li><li>Energy efficiency in residential buildings: financing large-scale renovation of residential buildings to make them more energy efficient. €12.1 billion The plan supports interventions for the improvement of energy efficiency of residential buildings by which beneficiaries may benefit from a tax rebate over the next five years for the amounts spent, provided that the energy savings of those interventions are higher than 30%. By the end of 2025, building renovation interventions will be completed for at least 32 million square meters.</li><li>Renewable energy and circular economy: developing the production and incentivising the use of renewable energies including green hydrogen as well as increasing recycling, reducing landfill waste and improving water management. €11.2 billion</li></ul>