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Establishing a programme to aid economic recovery by granting Community financial assistance to projects in the field of energy
Article 1

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:

  1. gas and electricity infrastructures;
  2. offshore wind energy; and
  3. 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.