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REACT-EU (Recovery Assistance for Cohesion and the Territories of Europe)

The Recovery Assistance for Cohesion and the Territories of Europe initiative (REACT-EU), constitutes additional EU budget resources financed by the EU Recovery Plan – NextGenerationEU (more than €800 billion temporary recovery instrument from the COVID-19).     REACT-EU…

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Country / jurisdiction: European Union · Year: 2020 · Status: In force · Level: International · Type: Voluntary

The Recovery Assistance for Cohesion and the Territories of Europe initiative (REACT-EU), constitutes additional EU budget resources financed by the EU Recovery Plan – NextGenerationEU (more than €800 billion temporary recovery instrument from the COVID-19).

REACT-EU provides €50.6 billion of fresh resources to existing cohesion policy programmes for the years 2021 and 2022. It aims to bridge the gap between the immediate emergency response in the context of the COVID-19 pandemic and its social consequences, and long-term recovery.

REACT-EU aims to integrate the green and digital transitions into the recovery strategy through investments in energy efficiency, urban greening and digitalisation of schools and businesses. It is expected to invest 25% of its resources to climate-related projects at the EU-level.

Official source: https://cohesiondata.ec.europa.eu/stories/s/REACT-EU-Fostering-crisis-repair-and-resilience/26d9-dqzy/

المصدر

https://www.iea.org/policies/14333

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