THE RECOVERY AND RESILIENCE FACILITY: INVESTMENTS IN THE ENERGY SECTOR
DOI:
https://doi.org/10.56177/11icmie2023.11Keywords:
energy efficiency, energy resources, PNRR, RRF, climate changeAbstract
In the context of the pandemic crisis beginning in 2020, the European Union (EU) established the NextGenerationEU (NGEU) recovery package to shape the future of Europe recovering from the economic and public health collapse as well as fostering the ongoing efforts to mitigate and adapt to climate change. As part of these efforts, the Recovery and Resilience Facility (RRF) is the key instrument to help the EU and its Member States emerge more robust and resilient from the crisis, face the challenges, and reap the opportunities brought by the green and digital transitions. To access the funding each Member State was asked to develop a National Recovery and Resilience Plan outlining the intended reforms and public investment projects. This paper presents the policy recommendations suggested to support investments in the energy sector as well an overview of the energy-related objectives of the Romanian National Energy and Climate Plan and a few of possible measures for implementing the reforms and the investments in the field of energy as they are formulated in the National Recovery and Resilience Plan of Romania.
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