To benefit from the support of the Recovery and Resilience Facility set up by the EU in the aftermath of the COVID-19-induced economic crisis, Member States submit their recovery and resilience plans to the European Commission. Each plan sets out the reforms and investments to be implemented by end-2026 and Member States can receive financing up to a previously agreed allocation. Each plan should effectively address challenges identified in the European Semester, particularly the country-specific recommendations of 2019 and 2020 adopted by the Council. It should also advance the green and digital transitions and make Member States’ economies and societies more resilient. The Commission validates the plan after which it effectively enters in force and EU subsidies can start flowing towards the member state.The European Commission has given a positive assessment to Slovakia’s recovery and resilience plan, which will be financed by €6.3 billion in grants. 43% of the plan’s total allocation for reforms and investments supports climate objectives, including:
- Climate adaptation: Increasing the resilience of forests to the impacts of climate change, revitalising watercourses and supporting biodiversity. €159 million
- Energy efficiency in family houses: financing a large-scale renovation wave to improve energy and green performance of at least 30,000 residential units. €528 million
- Low-carbon transport: supporting the roll-out of charging stations for alternative fuels and the modernisation of railways and new cycling infrastructure. €712 million
- Decarbonisation of industry: promoting energy efficiency and investing in innovative decarbonisation technologies in industry. €368 million
