INTIEALithuania · Economic Recovery and Resilience "New Generation Lithuania" / Green Transition / Increasing the production of local fuels for RESPolicyIn force

Economic Recovery and Resilience "New Generation Lithuania" / Green Transition / Increasing the production of local fuels for RES

The increasing production of fuels for RES measure of the green transition part of the National Resilience and Recovery Plan aims to develop local fuels from renewable energy sources. Lithuania will invest 832.1 million EUR with EU funds to implement its Green Transition, with…

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Country / jurisdiction: Lithuania · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The increasing production of fuels for RES measure of the green transition part of the National Resilience and Recovery Plan aims to develop local fuels from renewable energy sources. Lithuania will invest 832.1 million EUR with EU funds to implement its Green Transition, with an additional 169.2 million EUR from alternative EU finance instruments, 257.44 million EUR from private legal entities and 45.26 million EUR from its national budget.

This policy will provide state aid for biomethane gas production installations, including biogas plants for natural gas networks and to vehicles, investment support from EU funding to develop production capacity for companies on biofuels, and development of 'green hydrogen' production.

Official source: https://finmin.lrv.lt/uploads/finmin/documents/files/Naujos%20kartos%20Lietuva_2021_05_14.pdf

Source

https://www.iea.org/policies/13679

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