A political agreement by the European Parliament and the Council was reached on April 26 on the Commission’s proposal for a new Public Sector Loan Facility (PSLF) to support the green transition in Europe to achieve the Union’s 2030 climate targets and a EU climate neutrality by 2050 at the latest.
With this, all the proposals of the Just Transition Mechanism (JTM) have been agreed, and are pending the final approval by the European Parliament and the Council.
The Facility specifically targets public entities, creating preferential lending conditions for projects that do not generate sufficient revenue to be financially viable. It consists of a combination of grants (€1.5 billion) from the EU budget and loans (€10 billion) provided by the European Investment Bank (EIB). The grant support will be added to the EIB loan and reduce the financial burden for beneficiaries and increase the attractiveness of the investments concerned. Advisory support will be provided to beneficiar
FNC Parliamentary Division Participates In 4th Meeting Of GCC-European Parliamentary Committee urdupoint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from urdupoint.com Daily Mail and Mail on Sunday newspapers.
GCC-European Parliamentary Committee approves Emirati-Saudi proposal on food, water security Tue 02nd March 2021 | 05:00 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 02nd Mar, 2021) The participants of the third meeting of the GCC-European Parliamentary Committee - which was held via videoconferencing - has approved the proposal of the Federal National Council (FNC) Parliamentary Division to discuss the issue of food security, under the theme, Cooperation in artificial intelligence (AI) and achieving sustainability in food security field in times of crises and emergencies, after being merged with a Saudi proposal on Water security .
During the meeting, organised by the Bahraini Parliamentary Division, the UAE Parliamentary Division was represented by GCC-European Parliamentary Committee members, Hamad Ahmed Al Rahoumi, First Deputy Speaker of the FNC, and Khalfan Rashid Al Nayeli, as well as Afraa Rashid Al Busti, Assistant Secretary-General of Parliamentary Communicat