- The European Investment Bank Group plans to provide over €75 billion in financing for clean energy transition in the next 3 years.
- The Strategy for Small Modular Reactors aims for the first operational units by the early 2030s.
- An additional €200 million InvestEU top-up is considered for innovative nuclear technologies until 2028.
- The CEF Energy budget is proposed to increase from €5.84 billion to €29.91 billion for 2028-2034.
Investment in Clean Energy
The European Commission has introduced initiatives to enhance investment in clean energy, aiming to reduce reliance on imported fossil fuels and lower energy prices. The Clean Energy Investment Strategy seeks to bridge the gap between available private capital and necessary investments, with the European Investment Bank Group planning to provide over €75 billion in financing over the next three years.
Infrastructure and Consumer Focus
Efforts to improve energy infrastructure and empower consumers are central to the Commission's plans. The Citizens Energy Package proposes actions to lower energy bills, enable citizens to produce and share clean energy, and combat energy poverty. Measures include faster supplier switching, reduced taxes, and more transparent billing.
Small Modular Reactors and Strategic Autonomy
The Strategy for Small Modular Reactors (SMRs) outlines actions to deploy the first operational SMRs by the early 2030s, supporting industry development through the European Industrial Alliance on SMRs. An additional €200 million InvestEU top-up from the Innovation Fund is considered to support innovative nuclear technologies until 2028.
Long-term Energy Competitiveness
The proposed measures align with the Affordable Energy Action Plan to enhance Europe's competitiveness and energy affordability. The Commission has also proposed a significant increase in the CEF Energy budget from €5.84 billion to €29.91 billion for 2028-2034, marking a new phase in the clean energy transition.
