Renewable Energy Financing Mechanism (RENEWFM)
The EU Renewable Energy Financing Mechanism (RENEWFM) supports new renewable energy projects. It encourages a greater uptake of renewable energy sources across the EU. This will help the EU to achieve its target of the renewable energy share in the final energy consumption by 2030 in a cooperative and cost-effective manner.
Objectives of the EU renewable energy financing mechanism
The Connecting Europe Facility (CEF) is a key EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at European level. It supports the development of high performing, sustainable and efficiently interconnected trans-European networks in the fields of transport, energy and digital services. CEF investments fill the missing links in Europe's energy, transport and digital backbone.
The Just Transition Fund (JTF) is a new instrument of the Cohesion Policy 2021-2027, as the first pillar of the Just Transition Mechanism in the context of the European Green Deal aiming at achieving the EU climate-neutrality by 2050.
The European Social Fund Plus (ESF+) is the European Union (EU)’s main instrument for investing in people and supporting the implementation of the European Pillar of Social Rights.
The European Regional Development Fund (ERDF) provides funding to public and private bodies in all EU regions to reduce economic, social and territorial disparities. The Fund supports investments through dedicated national or regional programmes.
In 2021-2027, the fund will enable investments to make Europe and its regions:
The European Maritime, Fisheries and Aquaculture Fund (EMFAF) is the fund for the EU's maritime and fisheries policies for 2021-2027.
The fund
The European agricultural fund for rural development (EAFRD) finances the Common agricultural policy’s (CAP’s) contribution to sustainable development of rural areas through three long-term objectives:
The Covenant of Mayors for Climate and Energy is open to all local authorities democratically constituted with/by elected representatives, whatever their size and whatever the stage of implementation of their energy and climate policies.