Regulation 2009/663 - Programme to aid economic recovery by granting Community financial assistance to projects in the field of energy

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Contents

  1. Current status
  2. Key information
  3. Key dates
  4. Legislative text
  5. Original proposal
  6. Sources and disclaimer
  7. Full version
  8. EU Monitor

1.

Current status

This regulation has been published on July 31, 2009 and entered into force on August  1, 2009.

2.

Key information

official title

Regulation (EC) No 663/2009 of the European Parliament and of the Council of 13 July 2009 establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy
 
Legal instrument Regulation
Number legal act Regulation 2009/663
Original proposal COM(2009)35 EN
CELEX number91 32009R0663

3.

Key dates

Document 13-07-2009
Publication in Official Journal 31-07-2009; Special edition in Croatian: Chapter 12 Volume 003,OJ L 200, 31.7.2009
Effect 01-08-2009; Entry into force Date pub. + 1 See Art 29
End of validity 31-12-9999

4.

Legislative text

31.7.2009   

EN

Official Journal of the European Union

L 200/31

 

REGULATION (EC) No 663/2009 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 13 July 2009

establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community, and in particular Article 156 and Article 175(1) thereof,

Having regard to the proposal from the Commission,

Having regard to the opinion of the European Economic and Social Committee (1),

After consulting the Committee of the Regions,

Acting in accordance with the procedure laid down in Article 251 of the Treaty (2),

Whereas:

 

(1)

The European economy is facing a sharp downturn resulting from the financial crisis. Extraordinary and immediate efforts are needed to counter this serious and unprecedented economic situation. In order to restore confidence among market players, measures impacting on the economy need to be finalised without delay.

 

(2)

At the same time it is clear that the long-term strength and sustainability of the European economy depend on reshaping it to face the demands of energy security and the need to reduce greenhouse gas emissions. Increasing concerns about securing reliable gas supplies reinforce this conclusion.

 

(3)

In light of these concerns, the European Council of 11 and 12 December 2008 endorsed in its conclusions the European Economic Recovery Plan (Recovery Plan), presented by the Commission on 26 November 2008, which sets out how Member States and the European Union can coordinate their policies and provide new stimulus to the European economy, targeting that stimulus to the Community’s long-term objectives.

 

(4)

An important part of the Recovery Plan is the proposal to increase Community spending in defined strategic sectors, so as to address the lack of confidence among investors and to help develop the path to a stronger economy for the future. The European Council asked the Commission to present a list of specific projects, taking into account an adequate geographical balance, to reinforce investment in the development of, in particular, infrastructure projects.

 

(5)

For the Recovery Plan to be effective, it is vital to finance measures that rapidly address both the economic crisis and the Community’s urgent energy needs. Nevertheless, the special programme established by this Regulation should in no way set a precedent for future co-financing rates in the field of infrastructure investments.

 

(6)

In order to have a tangible and substantial impact, those measures should be focussed on a few specific sectors in which action would make a clear contribution to the objectives of the security of energy supply and the reduction of greenhouse gas emissions; there exist large, mature projects capable of making efficient and effective use of significant amounts of financial assistance and of catalysing significant amounts of investment from other sources, including from the European Investment Bank; and action at European level would add value. The sectors of gas and electricity infrastructure, offshore wind energy and carbon capture and storage fulfil those criteria. The choice of those sectors reflects the particular circumstances of the Recovery Plan and should not call into question the high priority attached to energy efficiency and the promotion of energy from renewable sources, which were addressed in the Recovery Plan.

 

(7)

In the event that it is not possible to commit all funds by the end of 2010, the Commission has declared its intention, if appropriate, to propose, when reporting in 2010 on the implementation of this Regulation, measures allowing for the financing of projects consistent with the Recovery Plan,...


More

This text has been adopted from EUR-Lex.

5.

Original proposal

  • COM(2009)35 - Programme to aid economic recovery by granting Community financial assistance to projects in the field of energy
 

6.

Sources and disclaimer

For further information you may want to consult the following sources that have been used to compile this dossier:
  • dossier EUR-Lex decision92

This dossier is compiled each night drawing from aforementioned sources through automated processes. We have invested a great deal in optimising the programming underlying these processes. However, we cannot guarantee the sources we draw our information from nor the resulting dossier are without fault.

 

7.

Full version

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8.

EU Monitor

The EU Monitor enables its users to keep track of the European process of lawmaking, focusing on the relevant dossiers. It automatically signals developments in your chosen topics of interest. Apologies to unregistered users, we can no longer add new users.This service will discontinue in the near future.


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    The conclusions of the Presidency of the European Council meeting in Brussels on 11-12 December 2008, 17271/08, point 9

     
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    'A European strategic energy technology plan (SET Plan) - Towards a low carbon future' (COM (2007) 723)

     
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    The conclusions of the Presidency of the European Council meeting in Brussels on 16 December 2008,
     
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    This support may be channelled alongside European Investment Bank support

     
  • 38. 
    OJ C , , p. .

     
  • 39. 
    See points 19 and 21 to 23 of the Interinstitutional agreement on budgetary discipline and sound financial management of 17 May 2007, OJ C139, 14.6.2006, p.1.

     
  • 40. 
    Additional columns should be added if necessary i.e. if the duration of the action exceeds 6 years

     
  • 41. 
    If more than one method is indicated please provide additional details in the 'Relevant comments' section of this point

     
  • 42. 
    As described under Section 5.3

     
  • 43. 
    Cost of which is NOT covered by the reference amount

     
  • 44. 
    Cost of which is included within the reference amount

     
  • 45. 
    Coordination group and (comitology) committee foreseen in the draft legislation

     
  • 46. 
    OJ C , , p.
     
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    OJ C , , p.
     
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    OJ C , , p. .

     
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    OJ C , , p. .

     
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    OJ C , , p. .

     
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    The conclusions of the Presidency of the European Council meeting in Brussels on 11-12 December 2008, 17271/08, point 9

     
  • 52. 
    COM (2008) 800

     
  • 53. 
    'A European strategic energy technology plan (SET Plan) - Towards a low carbon future' (COM (2007) 723)

     
  • 54. 
    The conclusions of the Presidency of the European Council meeting in Brussels on 16 December 2008,
     
  • 55. 
    COM (2008) 781

     
  • 56. 
    OJ L 248, 16.9.2002, p. 1.

     
  • 57. 
    OJ L 357, 31.12.2002, p. 1.

     
  • 58. 
    OJ C , , p. .

     
  • 59. 
    OJ L 312, 23.12.1995, p. 1.

     
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    OJ L 292, 15.11.1996, p. 2.

     
  • 61. 
    OJ L 136, 31.5.1999, p. 1.

     
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    OJ C , , p. .

     
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    OJ C , , p. .

     
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    OJ C , , p.
     
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    OJ C , , p. .

     
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    OJ L 162 of 22.6.2007

     
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    OJ C , , p. .

     
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    OJ C , , p. .

     
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    OJ C , , p. .

     
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    OJ C , , p. .

     
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    OJ C , , p.
     
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    OJ C , , p. .

     
  • 82. 
    This support may be channelled alongside European Investment Bank support

     
  • 83. 
    OJ C , , p. .

     
  • 84. 
    See points 19 and 21 to 23 of the Interinstitutional agreement on budgetary discipline and sound financial management of 17 May 2007, OJ C139, 14.6.2006, p.1.

     
  • 85. 
    Additional columns should be added if necessary i.e. if the duration of the action exceeds 6 years

     
  • 86. 
    If more than one method is indicated please provide additional details in the 'Relevant comments' section of this point

     
  • 87. 
    As described under Section 5.3

     
  • 88. 
    Cost of which is NOT covered by the reference amount

     
  • 89. 
    Cost of which is included within the reference amount

     
  • 90. 
    Coordination group and (comitology) committee foreseen in the draft
     
  • 91. 
    Deze databank van de Europese Unie biedt de mogelijkheid de actuele werkzaamheden (workflow) van de Europese instellingen (Europees Parlement, Raad, ESC, Comité van de Regio's, Europese Centrale Bank, Hof van Justitie enz.) te volgen. EURlex volgt alle voorstellen (zoals wetgevende en begrotingsdossiers) en mededelingen van de Commissie, vanaf het moment dat ze aan de Raad of het Europees Parlement worden voorgelegd.
     
  • 92. 
    EUR-lex provides an overview of the proposal, amendments, citations and legality.