On Monday, 9 November 2020, the European Parliament adopted the Recovery and Resilience Facility, as part of the 2021-2027 Multiannual Financial Framework (MFF) to tackle the consequences of the COVID-19 pandemic. The final adoption requires agreement of all 27 Member States and should be forthcoming. In addition to the earlier communication on the RRF, the Commission has now published guidance and templates that Member States can use if they wish to qualify for funding. It is reminded that the national proposals must be introduced by 30 April 2021.
In addition to the briefing produced by the European Parliament services, the European Commission has published its Autumn 2020 Economic Forecast. Moreover, the freely accessible CEF eTranslation tool has been expanded to include, among other languages, Russian and Turkish.
The European Parliament services have produced a briefing, providing a summary of the recent economic developments in the EU Member States and an overview of relevant economic projections forecasted by major international and EU institutions, as impacted by the COVID-19 pandemic. This October update will be followed by another one in November.
This Communication outlines the European Commission’s aims to at least double renovation rates in the next ten years and make sure renovations lead to higher energy and resource efficiency. Besides improving the quality of life for people, the strategy will reduce Europe's greenhouse gas emissions, foster digitalisation and improve the reuse and recycling of materials.
In order to receive support from the Recovery and Resilience Facility, Member States must prepare national recovery and resilience plans setting out their reform and investment agendas until 2026, including targets, milestones and estimated costs. At least 37% of the plan’s allocation should support the green transition and at least 20% digital transformation.
As announced earlier this year, Eurovent Market Intelligence (EMI) has published a report focused on the impact of the COVID-19 pandemic on the European HVACR market. The 93-page study provides a market forecast for 2020-2023 based on product type, country, application and project type. A sample of the report is attached to this article and the full study can be obtained from EMI.