Article 1 — Subject matter
This Regulation establishes a financing instrument entitled the European Energy Programme for Recovery (the EEPR) for the development of projects in the field of energy in the Community which, by providing a financial stimulus, contribute to economic recovery, the security of energy supply and the reduction of greenhouse gas emissions.
This Regulation establishes sub-programmes to advance those objectives in the fields of:
- gas and electricity infrastructures;
- offshore wind energy; and
- carbon capture and storage.
This Regulation identifies projects to be financed under each sub-programme and lays down criteria for identifying and implementing actions to realise these projects.
This Regulation provides for the creation of a financial facility (the facility) to support energy efficiency and renewable energy initiatives.