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The European Commission has announced revisions to its long-term economic planning, including a €750 billion ($826 billion) green recovery plan to drive the bloc's post-pandemic recovery, and build a sustainability-focussed economy for the next generation.
The European Bank for Reconstruction and Development has announced further support for Poland's energy transition with approximately €63 million ($67 million) in loans for renewables-focussed independent power producer Qair’s 200MW renewable energy portfolio.
The EU Commission and EIF have launched a new investment fund to support venture capital and growth financing for early-stage technology startups
Energy non-profit Bioenergy Europe has released a statement welcoming the new European Industrial Strategy, which provides important reference for the development of the European industry.
Twelve leading European energy companies sent a joint letter to Green Deal executive vice-president Frans Timmermans in advance of the commission's official announcement of the much-anticipated European Climate Law calling for ambitious legislation that recognizes the benefits of an energy system based on renewables.
The European Commission has announced a new piece of legislation, the proposed European Climate Law, which it says will commit the 27 union member countries to reducing greenhouse gas emission to nil by 2050.
Onshore wind generation grew by 11.8 GW compared to offshore wind which grew 3.6 GW, bringing Europe's total wind capacity at the start of the decade to 205GW of wind energy - 15% of all electricity consumption in Europe last year.
Sustainable Europe Investment Plan, will mobilise public investment and help to unlock private funds through EU financial instruments, notably InvestEU, which would lead to at least €1 trillion of investments.