Brussels proposes €8.7 bln to fund energy projects

The European Commission has proposed earmarking €8.65 billion for energy projects under the Connecting Europe Facility between 2021 and 2027.
By Staff reporter 2 May 2018 0 30706

The European Commission has proposed earmarking €8.65 billion ($10.38 billion) for energy projects under the Connecting Europe Facility between 2021 and 2027, it announced on Wednesday.

The proposal for the new CEF energy fund falls under the Multiannual Financial Framework (MFF) for 2021-2027, which amounts to €1.28 trillion and was announced on Wednesday. The figure takes inflation into account.  The money earmarked for energy under the previous CEF – which covered 2014-2020 – amounted to €5.35 billion.

The commission has also proposed earmarking 20% of the revenues...

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