The European Commission has approved Ireland's €1.15bn modified recovery and resilience plan (RRP), which includes a REPowerEU chapter and covers 11 reforms and 19 investments. In addition, the Commission has endorsed a positive preliminary assessment of Ireland's first payment request for €324m under the Recovery and Resilience Facility.
Ireland’s modified plan allocated 50.2% of funds to support climate objectives. With six new measures on climate action, it brings the total climate contribution to €580m. The plan notably includes reforms and investments in the field of decarbonisation, energy efficiency of public buildings, sustainable transport, rehabilitation of peatlands and carbon taxation.
The recovery and resilience facility (RRF) is the EU’s programme of financial support in response to the challenges that Covid-19 posed to the European economy. It is the core of NextGenerationEU, a temporary recovery instrument that allows the Commission to raise funds to help repair the economic and social damage caused by the COVID-19 pandemic. To benefit from the facility’s €724bn, Member States submit recovery and resilience plans to the European Commission, setting out the reforms and investments they intend to implement by the end of 2026.
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