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EU Commission to fund energy projects with an additional EUR 9 billion

The EU Commission has earmarked in its budget proposal for 2021 an additional EUR 9 billion to fund energy infrastructure projects – a 62 percent increase from the current budget.

Photo: Jyllands-Posten

The EU Commission presented Wednesday afternoon its proposal for structuring the EU funding instrument Connecting Europe Facility (CEF) in the period 2021 to 2027.

CEF is a financing instrument the EU uses to fund projects that link energy, digital and transport infrastructure.

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