European Institutions

Since the beginning of the COVID19 pandemic in early 2020, European Institutions has committed at least USD 12.50 billion to supporting different energy types through new or amended policies, according to official government sources and other publicly available information. These public money commitments include:

No public money commitments identified for unconditional fossil fuels
No public money commitments identified for conditional fossil fuels
No public money commitments identified for unconditional clean energy
At least USD 385.46 million for conditional clean energy through 1 policy (1 quantified)
At least USD 12.11 billion for other energy through 2 policies (2 quantified)

Updated: 12 August 2020

At least

$0

Supporting fossil fuel energy

$0.00

Per capita

At least

$385.46 million

Supporting clean energy

$0.86

Per capita

By energy type, no public money commitments identified for oil and gas.

In addition, no public money commitments identified for coal.

Further, no public money commitments identified for hydrogen based on fossil fuels.

Finally, no public money commitments identified for multiple fossil fuels.

A considerably larger amount of public money committed to supporting the economy and people of European Institutions through monetary and fiscal policies in response to the crisis may also benefit different elements of the energy sector. However, these values are not available from official legislation and statements and therefore are not included in the database. Meanwhile, in addition to monetary and fiscal measures, the database lists other policies and regulations that can also provide benefits to producers and consumers of different energy types.

These public money commitments are additional to many other government policies that had existed to support different energy types before the COVID19 pandemic.

Public money commitments to fossil fuels, clean and other energy in recovery packages, USD billion, as of 12 August 2020

Policies

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Jurisdiction	Category	Policy name	Policy type	Sector	Energy type	Stage	Mechanism	Legislation and endorsing agency	Arm of Government	Primary and secondary stated objective of the policy	Date of entry into force	Value as stated (specify currency)	Value committed, national currency	Value committed, USD	Value disbursed, national currency	Date of announcement	Value disbursed, USD	Policy background	Links to official sources	Links to additional sources
	clean conditional	EIB loan to Swedish firm Nordvolt for the construction of a sustainable lithuim-ion battery cell factory	Fiscal	Other sector	Other energy type	Exploration or production or processing or storage or transportation	Loan (Hybrid)	European Investment Bank	Public finance institution	To support key European industries and technologies, particularly domestically-produced lithium-ion battery technology that is sustainably produced.		EUR	350.00 million	385462556	Unquantified	30/07/2020	Unquantified	Northvolt is currently constructing its gigafactory in northern Sweden, where the firm intends to use 100% renewable energy and locally-sourced raw materials to manufacture lithium-ion battery cells, predominantly for use in electric vehicles. Europe wants to boost such domestic industry while minimizing the carbon footprint.	https://www.euractiv.com/section/batteries/news/eu-invests-e350m-in-first-domestic-battery-gigafactory/ Accessed 31 July 2020
National	other energy	Just Transition Fund under EU Recovery Fund	Fiscal	Multiple sectors	Multiple energy types	Several energy stages	Budget or off-budget transfer (DT)		Government	Entice carbon-heavy countries to decarbonize, particularly CEE countries (biggest coal regions are in PL and DE).		EUR	10.00 billion	11013215860	Unquantified	21/07/2020	Unquantified	Additional funding under the EU Recovery Fund, but the program itself traces to the European Green Deal. In January 2020, the just transition budget was EUR 7.5 billion, to be allocated under the regular budget. An increase to EUR 40bn was suggested under the EU recovery fund, which was eventually decreased to an additional EUR 10bn. Since there is a disagreement over whether or not natural gas will be included as a potential beneficiary, this is currently allocated to 'other energy'. Since the European Parliament does not have formal authority to check this recovery fund, we consider the funding as approved.	https://ec.europa.eu/info/sites/info/files/about_the_european_commission/eu_budget/com_2020_460_en_act_v6.pdf Accessed 28 July 2020	https://balkangreenenergynews.com/eu-cuts-just-transition-fund-to-eur-10-billion-in-covid-19-recovery-deal/ Accessed 28 July 2020
European Commission	other energy	EU opens up 1 billion in grants from the EU Innovation Fund for breakthrough low-carbon technologies	Fiscal	Multiple sectors	Multiple energy types	Several energy stages	Budget or off-budget transfer (DT)	European Commission	Government	To fund breakthrough low-carbon technologies; to help restart th EU economy and create a green recovery.	03/07/2020	EUR	1.00 billion	1101321586	Unquantified	03/07/2020	Unquantified	This is the first call for proposals under the Innovation Fund, which is financed by revenues from auctioning allowances under the EU Emission Trading System. The first round is EUR 1 billion. In total, the Commission plans to allocate EUR 10 billion over the period 2020-2030, but this will depend on the price of carbon. Since EUR 1 billion is currently committed and approved, that figure is reported here. This measure is classified as "other energy" because it may benefit not only clean energy but also fossil fuels conditional on emission reductions, e.g. via carbon capture and storage.	https://ec.europa.eu/clima/news/boosting-eu-green-recovery-commission-invests-1-billion-innovative-clean-technology_en Accessed 6 July 2020	https://www.euractiv.com/section/energy-environment/news/eu-opens-bidding-for-e1-billion-from-clean-technology-fund/ Accessed 6 July 2020

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