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Recovery and resilience plan

The Minister of Finance presented to the EU Commission the draft "Plan for recovery and resilience" (PRR) of Luxembourg, which represents a key stage in the implementation of recovery efforts at European level in the face of the COVID-19 pandemic.     Luxembourg's allocation…

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Country / jurisdiction: Luxembourg · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The Minister of Finance presented to the EU Commission the draft "Plan for recovery and resilience" (PRR) of Luxembourg, which represents a key stage in the implementation of recovery efforts at European level in the face of the COVID-19 pandemic.

Luxembourg's allocation under the 'Recovery and Resilience Facility' amounts to around € 93 million (which will add up to the 2.9 billion EUR of investments expected by the national government for 2021) and the projects pre-selected by the government are based on 3 pillars, namely:

Social cohesion and resilience

With the development of digital skills, “Future Skills” and “Digital Skills” initiatives seek to strengthen and diversify the professional skills of job seekers and short-term workers (€ 6.51 million from RRF)

The PRR targets to strengthen its resilience by implementing new digital solutions (€ 1.16 million from RRF)

Objective of ‘greening’ economy take a consideration on environmental and climatic sustainability integrated into the housing policy, as well as social equity in housing distribution (€ 24 million from RRF)

2. Green transition

By promoting vehicles with low or zero emissions and the rapid development of electromobility, the PRR targets to increase energy efficiency and reach the decarbonisation in transport (30.5 million EUR)

“Naturepakt” initiative subsidizes the participation of municipalities in the implementation of national strategies regarding a conservation of the biodiversity. (6 million EUR)

3. Digitalization, innovation, and governance

Promoting data-based economy (10 million EUR)

Modernisation of public administration & promoting a transparent and equitable economy (15 million EUR)

The plan includes measures in skilling, healthcare, housing, decarbonisation of transport, protection of biodiversity, innovation, digitalisation of public administration, and promotion of a transparent and fair economy.

Official source: https://mfin.gouvernement.lu/dam-assets/publications/ProjetPRR-final.pdf

Source

https://www.iea.org/policies/13148

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