Regulation 2010/1233 - Amendment of Regulation (EC) No 663/2009 establishing a 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 December 30, 2010 and entered into force on the same day.

2.

Key information

official title

Regulation (EU) No 1233/2010 of the European Parliament and of the Council of 15 December 2010 amending Regulation (EC) No 663/2009 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 2010/1233
Original proposal COM(2010)283 EN
CELEX number29 32010R1233

3.

Key dates

Document 15-12-2010
Publication in Official Journal 30-12-2010; OJ L 346, 30.12.2010,Special edition in Croatian: Chapter 12 Volume 003
Effect 30-12-2010; Entry into force Date pub. See Art 2
End of validity 31-12-9999

4.

Legislative text

30.12.2010   

EN

Official Journal of the European Union

L 346/5
 

REGULATION (EU) No 1233/2010 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 15 December 2010

amending Regulation (EC) No 663/2009 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 on the Functioning of the European Union, and in particular point (c) of Article 194(1) thereof,

Having regard to the proposal from the European Commission,

After transmission of the draft legislative act to the national parliaments,

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 ordinary legislative procedure (2),

Whereas:

 

(1)

Regulation (EC) No 663/2009 of the European Parliament and of the Council (3) established the European Energy Programme for Recovery (EEPR) to aid economic recovery by granting a financial envelope of EUR 3,98 billion for 2009 and 2010.
 

(2)

This Regulation should be without prejudice to the aim of granting as much of the financial envelope of EUR 3,98 billion as possible by the end of 2010 to the sub-programmes referred to in Chapter II of Regulation (EC) No 663/2009. However, it has been established that part of that amount will not be committed under those sub-programmes.
 

(3)

In the spirit of the Europe 2020 strategy for sustainable growth and jobs, and in line with the EU climate and energy package and the 2006 Action Plan for Energy Efficiency, the development of further renewable energy sources and the promotion of energy efficiency would contribute to green growth, building a competitive and sustainable economy, and tackling climate change. By supporting those policies, the Union will create new jobs and green market opportunities, thereby fostering the development of a competitive, secure and sustainable economy. Cooperation among the various tiers of government (multi-level governance) is essential in this context.
 

(4)

Providing increased financial incentive is a key element in lowering the barriers that high up-front costs represent and in stimulating sustainable energy improvements. A dedicated financial facility (the facility) should therefore be created to use the funding under Chapter II of Regulation (EC) No 663/2009 which cannot be committed by the end of 2010. The creation of the facility should be considered in the light of the Sustainable Energy Financing Initiative proposed by the Commission. The facility should support the development of energy efficiency and renewable energy projects and facilitate the financing of investment projects related to energy efficiency and renewable energy by local, regional and national public authorities, in particular in urban settings. In this process, attention should be paid to synergies with other financial resources available in the Member States, such as the Structural and Cohesion Funds, the European Local Energy Assistance (ELENA) Facility and the European Regional Development Fund under Regulation (EC) No 397/2009 (4), in order to avoid overlaps with other financial instruments.
 

(5)

Investment support in sustainable energy can be most effective and beneficial when targeted at local level. However, in duly justified cases it may be more effective to aim at the national level, e.g. for reasons related to the availability or functioning of relevant administrative structures.
 

(6)

To maximise the impact of the Union funding in the short term, the facility should be managed by one or more financial intermediaries such as international financial institutions. The selection of such financial intermediaries should take place on the basis of their demonstrated ability to use the...


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This text has been adopted from EUR-Lex.

5.

Original proposal

 

6.

Sources and disclaimer

For further information you may want to consult the following sources that have been used to compile this dossier:

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

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  • 1. 
    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.

     
  • 2. 
    Communication from the Commission to the European Parliament and the Council, Report on the implementation of the European Energy Programme for Recovery, COM(2010)191 final.

     
  • 3. 
    The Commission interim economic forecasts on 25 February 2010, Press release of ECFIN of 25/2/2010.

     
  • 4. 
    2nd Strategic Energy Review of 13.Nov. 2008, An EU Energy Security and Solidarity Action Plan , COM(2008)781.

     
  • 5. 
    The Commission Declaration reads as follows : 'Should the Commission, when reporting in 2010 on the implementation of the Regulation under its Article 28, find that it will not be possible to commit by the end of 2010 a part of the funds foreseen for the projects listed in the annex to the Regulation, the Commission will propose, if appropriate and in a geographically balanced way, an amendment to the Regulation allowing for the financing of projects in the area of energy efficiency and renewable energy sources, in addition to the above initiatives, including eligibility criteria similar to those applying to projects listed in the Annex to this Regulation'.

     
  • 6. 
    Recital 7 of the EEPR states the following : '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, such as projects in the areas of energy efficiency and energy from renewable sources'.

     
  • 7. 
    OJ C , , p. .

     
  • 8. 
    OJ C , , p. .

     
  • 9. 
    OJ C , , p. .

     
  • 10. 
    OJ L 200, 31.7.2009, p. 31.

     
  • 11. 
    2nd Strategic Energy Review of 13.Nov. 2008 , COM(2008)781.

     
  • 12. 
    Communication from the Commission to the European Parliament and the Council, Report on the implementation of the European Energy Programme for Recovery, COM(2010)191 final.

     
  • 13. 
    2nd Strategic Energy Review of 13.Nov. 2008 , COM(2008)781.

     
  • 14. 
    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.

     
  • 15. 
    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.

     
  • 16. 
    Communication from the Commission to the European Parliament and the Council, Report on the implementation of the European Energy Programme for Recovery, COM(2010)191 final.

     
  • 17. 
    The Commission interim economic forecasts on 25 February 2010, Press release of ECFIN of 25/2/2010.

     
  • 18. 
    2nd Strategic Energy Review of 13.Nov. 2008, An EU Energy Security and Solidarity Action Plan , COM(2008)781.

     
  • 19. 
    The Commission Declaration reads as follows : 'Should the Commission, when reporting in 2010 on the implementation of the Regulation under its Article 28, find that it will not be possible to commit by the end of 2010 a part of the funds foreseen for the projects listed in the annex to the Regulation, the Commission will propose, if appropriate and in a geographically balanced way, an amendment to the Regulation allowing for the financing of projects in the area of energy efficiency and renewable energy sources, in addition to the above initiatives, including eligibility criteria similar to those applying to projects listed in the Annex to this Regulation'.

     
  • 20. 
    Recital 7 of the EEPR states the following : '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, such as projects in the areas of energy efficiency and energy from renewable sources'.

     
  • 21. 
    OJ C , , p. .

     
  • 22. 
    OJ C , , p. .

     
  • 23. 
    OJ C , , p. .

     
  • 24. 
    OJ L 200, 31.7.2009, p. 31.

     
  • 25. 
    2nd Strategic Energy Review of 13.Nov. 2008 , COM(2008)781.

     
  • 26. 
    Communication from the Commission to the European Parliament and the Council, Report on the implementation of the European Energy Programme for Recovery, COM(2010)191 final.

     
  • 27. 
    2nd Strategic Energy Review of 13.Nov. 2008 ,
     
  • 28. 
    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.

     
  • 29. 
    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.
     
  • 30. 
    EUR-lex provides an overview of the proposal, amendments, citations and legality.