Regulation (EU) 2024/795

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

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) 2021/241 published

Amended

<p>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.</p>
<p>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). </p>

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